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Sydney-based developer Lendlease has secured 1,100 residential lots in the recently approved Pakenham East precinct structure plan (PSP), south-east of Melbourne.

The deal, brokered by Core Projects’ Kane Malcomson and Trent Malcomson, will see an 83-hectare cattle farm transformed into a new masterplanned community.

Located across three titles, the project includes an 11-hectare park with extensive waterways and is close to the future town centre.

“I am delighted to have worked with one of Australia’s leading developers, Lendlease, to broker this deal”, Kane Malcomson said. “Core Projects’ depth of understanding of Melbourne’s South-Eastern growth corridors has helped facilitate a mutually beneficial deal for both developer and landowner and we are proud to be growing our footprint in this region.”

The approval of the new Pakenham East PSP will further fuel growth of Melbourne’s south-east, with proposed plans including future schools, parklands, child services and a range of other facilities.

Melbourne’s south-east has seen immense growth in the past two years with demand for property in the region expected to continue. 
 

<h2>Other masterplanned communities in Victoria on the market right now</h2>

Alongside green spaces, amenities and often affordable entry prices, masterplanned communities offer a great option for first home buyers and families looking to upsize.

Urban takes a look at three townhomes on the market right now, situated within masterplanned communities. 
 

1. Tullamore Homes, Doncaster 
Address: 11 Heritage Boulevard, Doncaster VIC 3108 
Four-bedroom townhomes from $1,450,000

[smartcode_project:default project_id=22803]

Mirvac’s Tullamore homes offers spacious, contemporary residences ideal for family living, situated just 17-kilometres from Melbourne’s CBD.

Set on the former Eastern Golf Course, the development boasts four-bedroom townhomes with views of the nature reserve and a six-star environmental rating. 
 

2. The Terraces at Minta, Berwick 
Address: Soldiers Road, Berwick VIC 3806 
Three-bedroom townhomes from $529,000

[smartcode_project:default project_id=27487]

Also located in Melbourne’s growing south-east is <a href="/developers/stockland">Stockland</a>’s latest project, the Terraces at Minta. Targeted towards first home buyers, Minta residences offer high-quality design at an affordable price.

Each of the double-storey homes include secure car garages, double glazing, high ceilings and garden landscaping, as well as open-plan living and dining and a fully-fenced garden patio. 
 

3. The Grove Estate, Tarneit 
Address: 180 Davis Road, Tarneit VIC 3029 
Four-bedroom townhomes from $583,755

[smartcode_project:default project_id=28210]

Bordered by both the Davis Creek and Werribee River waterways, the Grove Estate boasts three and four-bedroom townhomes set in a picturesque community setting.

Surrounded by walkable parkland, wetlands and growing town centres, the Grove offers a family-friendly lifestyle with distinct neighbourhoods and a well-established community.
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Purchasing an 83-hectare cattle farm, across three titles, Lendlease hopes to transform the site into a new masterplanned community in Pakenham. 

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