Orchard set to bloom

PAKENHAM land bought by development giant Devine is set to become a $50 million housing estate.
The 20hectare site in Syme Road will be known as Orchard Valley. It was purchased earlier this year by the Brisbanebased property group for a reported $6.5 million.
Devine plans to build 180 homes on the site and will have lots ranging in size from 320 to 600 square metres.
Devine’s Victorian manager, Sean Lefoe, said the estate would be targeted at first and secondhome buyers.
House and land packages, including landscaping works, are expected to start from $230,000.
Mr Lefoe said work on the estate would start almost immediately, with display homes coming soon. “We expect to have a temporary sales office established by the end of October,” he said.
The Pakenham development represents Devine’s biggest housing development move in Melbourne’s fringe suburbs.
The development group announced earlier this year it was on the lookout for sites in Victoria. Before the Pakenham buy, Devine had 10 housing estates in Victoria and one of Melbourne’s largest apartment developments.
Mr Lefoe said Devine was excited about the prospects offered by Pakenham.