Strong growth witnessed across Pask’s communities
When selecting a suburb to build a new development, Pask are very selective in ensuring each location meets its benchmarks to create timeless communities that will uphold the “Places for Generations” vision.
Pask’s meticulously planned projects in Rowville, Frankston South and Greenvale are perfect examples of the careful consideration taken in selecting premium sites for new development.
These suburbs have been the beneficiaries of consistent residential growth, benefitting from a raft of established amenity inclusive of top-tier schools, progressive shopping precincts and recreational hubs, all of which impact positively upon real estate growth.
Greenvale, the location of Pask’s, ‘The Maples’ estate, has recently experienced an impressive quarterly price change of 13.6% (REIV, 2022). This price increase has seen the median sale price for the suburb now exceed $1 million (REIV, 2022). In the two-year period from Q2 2020 to Q2 2022), house prices in the area have seen growth in excess of 26% (REIV, 2022).
Property markets will fluctuate over time but sought after locations, with quality infrastructure, will stand the test of time. Greenvale’s scarcity of future new housing supply and exciting rapid infrastructure development continues to offer increased amenities on the doorstep of residents.