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Suburb push by Sanctuary Lakes, the ‘Toorak of the west’

Suburb push by Sanctuary Lakes, the ‘Toorak of the west’

ONE of the wealthiest enclaves of Melbourne’s west is pushing to be recognised as a suburb.

Sanctuary Lakes, where property sells for more than $1 million on a monthly basis and which has been built around a Greg Norman-designed golf course, has a median house price estimated at $700,000 by local real estate agents.

Despite its driveways featuring Porsches, Ferraris and BMWs it remains part of Point Cook, where the median house value is just under $468,000, according to RP Data figures.

Now the chairman of Sanctuary Lakes Resort Services, Ian Brown, has asked the City of Wyndham for support to establish the area as a suburb in its own right.

“Sanctuary Lakes Resort is at a stage of its maturity when it is appropriate for it to be recognised as a suburb in its own right,” Mr Brown said.

Christen Bacon is among the area’s roughly 9000 residents and said the dedicated security of the estate had encouraged a really good neighbourhood, which deserved to be considered a suburb.

Meanwhile Victoria continues to be a competitive home to new development with eight Melbourne suburbs making it to the nation’s top 20 hot spots.

The Housing Institute of Australia (HIA) figures show inner Melbourne came in fourth with $385.1 million of new dwelling approvals in 2012-13 and an annual population growth of 22.7 per cent.

The national ladder for Building and Population hot spots includes all statistical local areas — as defined by the Australian Bureau of Statistics — with a population growth rate above the national average of 1.8 per cent and at least $100 million of new dwelling approvals in 2012-13.

Abbotsford, Cranbourne East and Docklands were the other Melbourne suburbs to make it to the top 10 list followed by South Morang, Truganina, Epping and Point Cook in the top 20.

HIA executive director Gilbert King said the new residential building work approved in Melbourne related to multi-unit new dwellings.

“These population growth figures show more and more people are opting for the benefits that city has to offer,” Mr King said.

– with Neelima Choahan

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