450 Elcho RoadLovely Banks VIC 3213
Property Details for 450 Elcho Rd, Lovely Banks
Last Listing description (June 2023)
Colliers and B&S Land are pleased to present 450 Elcho Road, Lovely Banks for sale by Expressions of Interest closing Thursday 13 July at 2pm AEST.
A significant land holding 450 Elcho Road has development capacity to deliver a future residential neighbourhood community with the ultimate living experience being so close to Geelong CBD and the Surf Coast. Just 50 minutes* from Melbourne and 15 minutes* from Avalon Airport and future employment precinct, the land is designated for a yield of circa 534 standard and medium density lots^.
Key features of this opportunity are:
- 534 residential lots^ on premium UGZ land parcel of 31.80ha*
- 15 minutes* to Geelong CBD and 50 minutes* to Melbourne CBD via nearby transport linkages such as Princes Freeway
- 15 minutes* to Avalon Airport and Employment Precinct
- Within the Northern Geelong Growth Area, part of the largest urban growth project in regional Victoria, expecting 110,000 new Geelong residents
- The Elcho Road West PSP will be combined with the Heales Road West Plan, to be approved by Mid-2026^
For further information, please contact the exclusive selling agents at B&S Land & Colliers.
*Approx. ^STCA.
Outlines indicative.
Property History for 450 Elcho Rd, Lovely Banks, VIC 3213
- 12 Jun 2023Listed for Sale Contact agent
- 13 Apr 2017Listed for Sale Contact Agent
- 07 Jul 2006Transferred
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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 1,304 properties. Over the last 5 years, Houses in Lovely Banks have seen a 24.59% increase in median value, while Units have seen a 25.10% increase. As at 30 June 2026:
- The median value for Houses in Lovely Banks is $703,652 while the median value for Units is $433,926.
- Houses have a median rent of $600 while Units have a median rent of $420.
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