Banner is excited to announce that work has commenced on Embark Busselton – a vibrant 136ha master planned community in Busselton which sits at the gateway to the Margaret River wine and surf region.
Article | Australian Property Markets News
Yolk Property Group and Banner Asset Management to deliver Busselton’s largest master planned community – Australian Property Markets News
Its strategic location in one of the fastest growing populations in the southern half of the State has enabled Yolk Property Group and Banner Asset Management to establish an exciting vision for the development.
This strategic investment offers geographic and product diversification to our existing portfolio and expands our national coverage. We were drawn to both the asset, being well located residentially zoned land, and the wider thematic of people moving to the region with a broadening employment base and obvious lifestyle attractions. Busselton sits at the gateway to the region and has benefitted from significant private and civic infrastructure investment making this an attractive long-term opportunity,
said Banner Asset Management CIO John Byrne.
In line with Yolk Property Group’s commitment to innovation, the focus at Embark Busselton will be on bigger blocks (average 650sqm) more trees and natural vegetation, and a host of features designed with lifestyle and community connection in mind.
The largest master planned community in Busselton, Embark will deliver new housing choices, retirement living options, parks and playgrounds and a bustling new town centre.
Mayor Grant Henley who officially turned the first sod at the project site today (Wednesday 18 December 2022) said Embark had an important role to play as the City of Busselton continued to evolve and grow in the coming years.
Embark will help meet escalating demand for new housing as our population heads towards 50,000 people by 2026,
Mayor Henley said.
Investment in infrastructure, attractions and our beloved foreshore have reaffirmed Busselton’s popularity as a thriving destination for visitors and thousands of new locals alike,
Mayor Henley said.
Over the coming years, Yolk Property Group will create 956 new housing lots on the parcel of land bounded by Vasse Highway, Bussell Highway and Outer Bussell Highway.
Plans are already underway to open a pop-up café on site at Embark in the New Year and Yolk is working with the City of Busselton to fast-track an adventure playground and display village.
Tao Bourton, CEO at Yolk Property Group, said the company was pleased to see earthworks for the project get underway.
We’re looking forward to bringing to Busselton our fresh-thinking approach to community, housing design and liveable neighbourhoods,
said Mr Bourton, who has family ties to Busselton.
The scale of the development at Embark will enable significant investment in community infrastructure, while the new design and landscaping concept will complement the natural landscape and adjoining residential community.
More information www.embarkbusselton.com.au.
Enter your details below and we'll send a unique link with access to the latest interactive market report.