30-40 Tower Hill DriveLovely Banks VIC 3213
Property Details for 30-40 Tower Hill Dr, Lovely Banks
Last Listing description (May 2015)
GAZETTED BY MINISTER OF PLANNING, NOVEMBER 2014
Parcel A: 295 Elcho Road - 96Ha*
*Under instructions from Sellers Muldoon Benton & Freeman Banner Pty Ltd.
Parcel B: 30-40 Tower Hill Drive - 25Ha*
*Under instructions from Sellers Muldoon Benton.
Parcel C: 80-110 Tower Hill Drive - 37Ha*
*Under instructions from Sellers Muldoon Benton.
Just announced by Minister for Planning Matthew Guy - Wednesday 29th October 2014.Lovely Banks future growth area to be rezoned to Urban Growth Zone.
* An outstanding opportunity to purchase future urban land that has enormous potential for capital appreciation.
* Identified under the G21 Regional Growth Plan as part of Geelong's Urban Growth strategy to accommodate the expanding local population anticipated to grow beyond 500,000 by 2050.
Contact Frank Nagle 0418 497 888 or Andrew Egan 0433 989 767.
Property Code: 709
Property History for 30-40 Tower Hill Dr, Lovely Banks, VIC 3213
- 27 Jun 2021Sold for $18,814,050
- 10 Dec 2014Sold for $4,600,000
- 18 Oct 2014Listed for Sale EXPRESSIONS OF INTEREST
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0About Lovely Banks 3213
The size of Lovely Banks is approximately 29.9 square kilometres. There are 4 parks, covering nearly 0.4% of the total area. The population of Lovely Banks in 2016 was 2301 people. By 2021 the population was 2782 showing a population growth of 20.9% in the area during that time. The predominant age group in Lovely Banks is 20-29 years. Households in Lovely Banks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lovely Banks work in a trades occupation.In 2021, 84.40% of the homes in Lovely Banks were owner-occupied compared with 79.90% in 2016.
Lovely Banks has 1,306 properties. Over the last 5 years, Houses in Lovely Banks have seen a 16.46% increase in median value, while Units have seen a 23.16% increase. As at 31 August 2026:
- The median value for Houses in Lovely Banks is $692,653 while the median value for Units is $437,910.
- Houses have a median rent of $580 while Units have a median rent of $425.
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