reprinted by permission of Golf Management News. Sept 2003
With their prominence in Australian golf growing rapidly every year, Golf Management News Editor Tony Webeck investigates who is still selling and which developments offer the greatest rate of return.
BROOKWATER: Brookwater is a $251 million residential community with 850 lots and is a joint venture between Medallist Developments and Springfield Land Corporation.
Stage 4 was released in June 2003 and home sites in the first release of The Classic range in size from 750sqm to just under 1100sqm with an average price of around $190,000.
Home sites in The Classic start at $135,000 with golf-front sites fetching over $300,000.
Included in The Classic is The Promontory, an exclusive four-home site release, all Promontory homes boasting elevated golf front views and priced at an average of $360,000.
The clubhouse is currently under construction at a cost of $5.5 million and is due for completion in December 2003.
Brookwater developers plan to establish a cosmopolitan feel to Brookwater Community Village – a vibrant and convenient retail and business centre featuring outdoor dining, boutiques, professional suites and a medical centre.
Located adjacent to Brookwater will be the Springfield Town Centre. This fully planned development will feature a town park larger than Sydney’s Botanical gardens, a major regional shopping centre, entertainment precinct, conference centre, hotel, restaurants/cafes, a corporate office park and health and education facilities.
COOLUM HYATT: Current home of the Australian PGA Championship, Hyatt Coolum is located at Coolum Beach on the Sunshine Coast, 20 minutes north of Noosa, 90 minutes north of Brisbane and seven minutes from Sunshine Coast Airport.
When the resort opened in 1998, villas were sold within two years as ‘quarter share recreational ownership’ only and today these shares are valued between $60,000-$200,000.
The Lakes residents adjacent to the Resort enjoy the same rights with ownership in houses that resell for just under $2 million.
Designed by Robert Trent Jones Jr, the golf course covers over a third of the resort and lies adjacent to the Pacific Ocean and among the native melaleuca and eucalyptus trees, parkland and rainforest.
CORAL COVE: Located 12km southeast of Bundaberg, Coral Cove International Resort, Golf Course, Country Club and Residential Estate is the gateway to the Great Barrier Reef.
For partners Sven Payne and John Blunsden, Coral Cove, to date, represents an investment of $20 million in a jewel Queensland coastline, right at the foot of the Great Barrier Reef, with absolute frontage to the Pacific Ocean.
The story of Coral Cove began in 1987 when golfing developer Bob Johnson – the man who designed and built Bonville International Golf Club – returned from a fact finding mission to the US with a dream for a new golf course for the Wide Bay region of Queensland.
Seven years later, the first nine holes were opened including the signature second hole.
It boasts a lifestyle that is second to none in a sub-tropical paradise with solid returns and resale demand on real estate purchased for either healthy lifestyle living or investment.
More than 700 of the original 900 lots released in 1996 have been sold with 160 homes occupied on the 160-hectare site.
Land is currently offered from $75-150,000 and the possibility of further land releases and a second golf course remains.
THE GLADES: The Glades is not only one of Australia’s most sought-after courses, it is also the East Coast’s newest and most prestigious master-planned golf community, first release of which is EastHill Residences that over look the fairways and majestic Gold Coast Hinterland.
Lakefront Villas are set either side of the central lake, adjacent to the resort club and lounge. Merion Residences are a haven between the mountains and the sea and the closest residential sites to the Glades Clubhouse.
North Hill Residence, overlooking the 8th hole, feature exclusive resort facilities within a secured gated community.
A total of 500-600 residences are planned and options include The Lodge apartments ($450-$575,000) that may be leased through the club, houses ranging from $380-700,000 and luxurious homes of up to $2 million.
Almost all vacant land has been sold since Thakrai Holdings purchased the project from Dong Ah in 2000. The 141 hectare gated community provides ‘citizenship’ status to residents only and ultimately pay-for-play access to the course will cease.
HOPE ISLAND: The team of Thomson, Wolveridge and Perrett were responsible for the design of the links-style course and members and visitors are treated to satellite GPS equipped golf carts, wintergreen couch fairways and Bermuda grass greens.
The 360 hectare Integrated Tourist Resort will include 1900 residences by 2009. Some 600 lots have been sold with waterfront land now selling for $360-670,000. Golf frontage units from $360,000 and villas from $650,000 are available in conjunction with the new marina development.
Existing homes currently for sale within the Hope Island Resort range in price from three-bedroom villas for $355,000 right up to luxurious five-bedroom homes for $1.795 million.
Opened by Shinko (Aust) in 1991, Hope Island has received a new lease of life under new owner Lang Walker with the addition of a marina and shopping centre that has prompted a similar boost in property sales.
LAKELANDS: Part of the distinguished ClubCorp stable, Lakelands is located on the Gold Coast and boasts Australia’s first Jack Nicklaus Signature Golf Course after the ‘Golden Bear’ spent 25 years looking for the perfect location to make his mark in Australia.
The course was built by Leighton Contractors under the watchful eye of Golden Bear Construction and is now an international standard championship course with Windsor Green couch fairways, Bermuda strain tifdwarf greens and a lengthy 6492m from the black markers.
Current proposals include a tower containing up to 200 units in addition to 120 low-rise dwellings in an exclusive secure estate.
LAGUNA WHITSUNDAYS: Located in the spectacular Whitsunday region and surrounded by the Great Barrier Reef and 74 islands, the development formerly known as Laguna Quays Resort is about to boom.
The second land release at Laguna Whitsundays is already under way with just five of the 32 allotments released at Bridgewater still available from $175,000. All told there are some 6000 residences planned over the next 10 years with land up to $235,000.
Once the sale of Bridgewater is complete, a further 160 residential lots will be released around the Turtle Point fairways.
Laguna Whitsundays is about to receive additional international exposure from 2004 with the opening of the $30 million Whitsunday Coast International Airport, becoming the region’s first airport to house international flights from Japan, Korea, New Zealand and the United States. Once development is complete, the 3642-acre tropical paradise will be home to 3500 people.
Owner and developer David Marriner’s master plan involves the establishment of a self-sufficient satellite township with health and education facilities included.
NOOSA SPRINGS: First opened in 1999, the international championship layout that is Noosa Springs Golf Club is found at Links Drive, Noosa Heads.
Demand for housing at Noosa Springs has been high with 50 lots remaining in The Ridge after the project opened with 144 villas and 129 residential lots available.
Prices in The Ridge range from $350,000 to $1.25m.
NORTH LAKES: North Lakes is an ideal place for people of all ages to live, learn and work in an environment of innovation and creativity. Located 25km north of Brisbane on a 1000-hectare site, the Lensworth Group is creating one of Australia’s largest, fully planned communities.
Around 8500 new homes will be built, along with a town centre and a business park and the Westfield Shopping Centre opened last month. The heart of North Lakes will be its Town Centre, containing a wide variety of shopping along with cafes, restaurants, parks and entertainment facilities.
Of the 8500 proposed sites, 1600 have been sold with 1000 homes constructed. Land is available from $70,000 with golf frontage sites starting at $170,000. Premier blocks will be released within two years, with overall completion anticipated by 2009.
PARADISE PALMS: A true jewel of Cairns and North Queensland, Paradise Palms is an 18-hole (6464m, par-72, ACR 76) Marsh/Watson designed championship layout that is continually ranked among Australia’s best and most challenging courses since opening in 1990.
Paradise Palms officially opened in January 1990 with a Skins Tournament involving golfing greats Greg Norman, Curtis Strange, Bernhard Langer and Isao Aoki.
Paradise Palms is currently ranked ninth in Golf Australia magazine’s Top 25 Public Access Courses 2003, 46th in Australian Golf Digest’s Top 11 Courses for 2002/2003 and 13th in The Golf Course Guide’s Top 50 Public Access Courses for 2003.
PELICAN WATERS: Pelican Waters is an 810-hectare parcel of land located south of Caloundra on Queensland’s Sunshine Coast. When fully developed, Pelican Waters will have a population of 11,000 and has been gazetted as a suburb by the Queensland Government.
Pelican Waters will have in excess of 43% of its total space as open space and boast a Greg Norman designed 18-hole golf course, medium sized shopping centre including Coles supermarket, medical centre, specialty shops, tavern, family restaurants and marina.
Land is available from $200,000-$400,000 while villas and apartments are available from $300,000-$600,000.
ROYAL PINES: One of the largest resorts in Queensland, Royal Pines has two championship golf courses, 330 luxury rooms, four restaurants, and café and retail shops.
The Eastern Residential Precinct consists of six residential villages, with the sixth village, Badon Village, currently under construction.
This village will comprise 27 free standing and duplex homes and of the 27, 22 are under contract with completion of the first homes due in December 2003.
Royal Pines is also building a third stage of their fourth residential village, Archer Hill.
There are 48 existing apartments in this village and this stage will comprise a further 12 two-bedroom apartments. Five of the 12 apartments are under contract and completion of this stage is due in March 2004.
All Royal Pines Resort residences have air-conditioning, quality fittings and finishes and 24-hour manned security as standard features.
Each village has its own common area of pool and entertaining facilities and residents have all resort facilities at their fingertips and receive benefits such as golf membership rates and discounts at all restaurants and bars.
Two and three bedroom villas are offered from $470-720,000 and marina facilities are also available.
Original owner, Matsushita, still maintains ownership and continues to slowly develop the residential precincts around the hotel and convention centre.
SANCTUARY COVE: Australia’s first fully integrated residential resort, Sanctuary Cove opened in 1987 with a gala performance from Frank Sinatra and Whitney Houston.
Located in the northern Gold Coast, 20 minutes from Surfers Paradise and 45 minutes from Brisbane, Sanctuary Cove covers 474 hectares and is designed around four man-made harbours.
More than 600 prestige homes have been built with many exciting releases still to come.
Homes take prime riverfront, harbour-front, lakefront, golf course and elevated positions and residences range from palatial individual homes to elegant villas and terraces.
Following the success of Stage One, Sanctuary Cove’s first land release, Stage Two was released earlier this year, ahead of schedule.
Property prices vary according to the product available but house and land packages at the Masters’ Gallery on The Pines range from $A895, 000 to $A1.6 million, existing homes on the waterfront up to and exceeding $1.3 million and land packages are available from $800,000 (waterfront) and $450,000 (parkland).
Approximately 30% of homes at Sanctuary Cove feature golf course views however golfing membership is not supplied upon ownership.
Buying property at Sanctuary Cove has proved to be a wise investment with Sanctuary Cove property escalating in value by 30% in the past two years.
A Foundation Master plan was revealed in April this year and when completed it is estimated that Sanctuary Cove’s value will exceed $1.5 billion, with an investment of approximately $250 million in infrastructure and medium density product to bring the master plan to life.
TWIN WATERS: Late last year 34 large lots on Fairways Island were released and went for between $250,000-$450,000. In addition, 48 three-bedroom apartments were available to buy from $289,000-$650,000 to go with the 150 blocks that were sold between 1997 and 1999.
The golf course is a links-style style course designed by Peter Thomson and is relatively flat with plenty of water.
13TH BEACH: Situated on the Bellarine Peninsula, 13th Beach is located 4km west of Barwon Heads and 95km south of Melbourne.
Membership of 13th Beach Golf Club entitles the holder to priority access to the existing Beach Course designed by Tony Cashmore that opened in December 2001 and priority access to the new Nick Faldo designed Creek Course due to open in March 2004.
Townhouses are available and start from $300,000 while land on the fairways is available from $100,000 across the development that measures 223 hectares.
With over 100 lots sold, the final release in late 2002 fronted the new course and 44 lots remained from $220-260,000.
FOREST RESORT: Claims to be the residential golf course development that provides you with the lifestyle you deserve, all within 1.25 hours of Melbourne.
The Forest Resort has been designed to provide a superior lifestyle with a superb location, amazing surroundings, increased leisure opportunities, a vast range of services and high living standards.
Residents are invited to imbibe the serenity created by the lagoons set in 100 acres of lush green fairways and manicured greens while the Spike Bar, heath club, tennis courts and local wildlife providing the complete package.
HERITAGE GOLF AND COUNTRY CLUB: Nestled in rolling hills within the beautiful Yarra Valley, The Heritage is just 40 minutes from the Melbourne CBD.
Two championship golf courses, residential opportunities and on-course hotel accommodation are available and the St John Golf Course is Australia’s only private Jack Nicklaus Signature course.
Very few of the initial 120 lots remain at prices ranging from $140,000-$300,000. Townhouses were recently on offer from $745,000 and a future release of land is possible.
Heritage Golf and Country Club was conceptualised in the early 1990s by Dr John Tickell, a director of Yarra Valley Golf, drawing on his experience in the Hyatt Coolum development in Queensland.
Residential development was occurring simultaneously to the golf course and hotel, Heritage Retreat and Day spa and all 110 lots in Stage 1 have been sold to date.
A further 10 residential home/land packages were to be released last month, called Carnoustie. Carnoustie will be the Heritage’s largest allotment sizes and offer breathtaking northeast views of the Yarra Valley.
Stage 2 allows for the addition of a second golf course and a further 100 townhouses and residences.
Next major stage of real estate development is currently in the design stages and is planned for release in early 2004.
HIDDEN VALLEY: In a relatively short space of time, Hidden Valley has become the country playground for more than 400 families.
The golf has become the hub of the new community that hosts a thriving recreational facility with golf, tennis, swimming, horse riding and walking trails.
Homes and land are for sale through Butler and Co and around 600 out of planned 950 lots have sold since the course opened in 2001.
Land is available from $100,000 and Country Club membership is exclusive to residents only.
Future plans for Hidden Valley include a unique Lost Forest short course, another 18-hole course and additional infrastructure to create a destination to satisfy the demands of golfers in Melbourne’s northern suburbs.
A private company, Hidden Valley Australia, which bought the land five years ago and spent another two years building the golf course, owns hidden Valley.
Membership packages range from $4000 for five days to $10,000 for a seven-day membership.
SANCTUARY LAKES: The 18-hole Greg Norman designed course is part of an integrated master plan development of homes and recreation facilities built around Sanctuary Lakes at Point Cook, only 15 minutes drive from the heart of the Melbourne CBD.
It continues to be developed over 420 hectares with luxury homes, sports facilities and recreational opportunities.
The Sanctuary Lakes site was once one of three Cheetham Salt Works that was abandoned in the 1980s and transformed into a golf course over two years from 1996.
A transformation continues under the direction of the Links Group and its CEO and Project Developer, Stephen Head.
Greg Norman planted the first tree at Sanctuary Lakes in 1997 and the course opened in 1999, marking the first large-scale golf course residential project for Victoria.
The economic value of completed development is estimated at $800 million.
The prices of blocks range from $120,000-$450,000 and block sizes from 650sqm to 2000sqm. The value of environmental landscaping is valued at $5 million.
Of the planned 2500 lots, 1200 have already been sold and remaining lots are tipped to sell over the next five to six years. A total of 300 homes are already completed and 300 more currently under construction.
Houses for resale are available from $400,000- $1 million while land is available from $150,000-$450,000.
SANDHURST: Master plan Sandhurst Club is being developed on 310 hectares southeast of Melbourne in the heart of the sand belt golfing region, Carrum Downs.
A private residential estate of around 1850 home sites is being constructed along with two championship golf courses and a wide range of recreational and community lifestyle facilities.
The North Course designed by Peter Thomson and team of Thomson, Wolveridge and Perrett is already under construction and is scheduled to open in December 2003. Residential options at Sandhurst Club include single dwelling home sites with golf course or parkland frontage, court blocks or boulevard lots, through to town homes on compact sites or a selection of medium density apartments.
Planned to open in 2004, 250 out of planned 1800 lots sold since they became available in 2001 and land is available from $150,000-$450,000.
Initial estimates were that the project would sell out in 10 years but a revision has reduced that estimate to just five years.
THE SANDS, TORQUAY: Located in one of Victoria’s fastest growing regions, The Sands, Torquay provides convenient access to all the facilities and services you will need, including schools of international standard.
Less than an hour commuting time from Melbourne, the development will be a complete integrated lifestyle community where children can play safely and staff tend to everything from landscaping to security.
Residents and golfers alike will have access to the $10 million The Sands Clubhouse and its recreational facilities that include a gymnasium, four-lane 25m swimming pool and tennis courts.
There are 400 planned residential lots and a further 200 medium density lots and many will back directly onto the 18-hole golf course designed by Stuart Appleby.
The first two stages of the development are virtually sold out and stage three is proving just as popular.
It costs $10,000 to purchase an Executive (individual) membership and other categories are available.
A range of 15 house and land packages is expected to be available from November/December this year.
MOONAH LINKS: Since releasing the first blocks for sale in the summer of 2000, Golf Australia Holdings, developers of Moonah Links, have released a total of six stages with two more to follow in the near future.
Stages 1 and 2 were the first blocks of land to be released and land values then were capped at a maximum of $250 per square metre, with properties selling for $250,000 and upwards.
Stage 3 was sold out in just two weeks when it was released in 2001 and with land now valued at $300 per square metre, blocks were selling for over $300,000, with golf course frontage properties achieving a particularly high rate.
In the latter stages of 2001 and into 2002, GAH opened stages 4 and 5 and again land values had increased significantly, the 70 blocks now commanding $375-$400 per square metre.
Stages 6 and 7 have been held back for later release but GAH went ahead with the release of Stage 8 earlier this year and now just 17 blocks remain, smaller blocks commanding over $500 per square metre and the larger ones $485 per square metre.
Stage 7 will not be released until the balance of available blocks have been sold but the expectation is for GAH to be able to go ahead in October with Stage 6 to follow in December 2003 or January 2004.
As some of the future stages will be developed by GAH, the opportunity for builders and potential residents to build the exact home they want will become even more limited.
In addition to the land releases, GAH has also sold all 48 suites in the hotel complex for between $295,000-$450,000.
These suites, consisting of one and two-bedroom suites, have been leased back to GAH and managed by Pepper Hotels who will make them available to holiday makers at a rate still to be determined.
As the official home of the Australian Golf Union, host to the 2003 Australian Open starting on November 27 and with a total of just 250 blocks of land to be released in total, Moonah Links is set to become the most prestigious and exclusive golf course property development in Australia.
PATTERSON RIVER COUNTRY CLUB: An Australand development, homes are expected to be released along the banks of the Patterson River from the end of 2003 and with its proximity to Melbourne, demand is high.
Located approximately 32km southeast of Melbourne, access to the Patterson River Country Club is available on both the Frankston Freeway and the Nepean Highway and provides an ideal country retreat.
A redevelopment of the championship course has been conducted in recent years with the reshaping and returfing of all fairways and development of waterways and technically enhanced drainage systems.
WATERFORD VALLEY: Waterford Valley is a Pacific Coast Design golf course and is due for completion in late 2003.
Primelife have planned a total of 450 units for the over-55s in three villages.
Over 100 independent living units in the first, Waterford Lakes, have been sold since 2001 and prices range from $300,000-$395,000.
Subsequent stages over the next four to five years may include additional care facilities. A hotel and convention centre is also planned.
Another project from the Medallist Developments team, it will be Victoria’s first master planned residential golf community and be located at Cranbourne in Melbourne’s burgeoning southeast.
The 136 hectare site is approximately 40km southeast of Melbourne’s CBD and is immediately adjacent to the Royal Botanic Gardens in Cranbourne.
Subject to developmental approval, current plans are for 500 residential lots with an average size of 650sqm anchored by a Greg Norman-designed 18-hole championship golf course and clubhouse that will include a restaurant, conference facilities, pro shop, gymnasium and pool.
Planning approvals are expected to take up to 12 months and will be Medallist’s first broad acre subdivision in Australia.
CYPRESS LAKES: Between 1996 and 2001, 234 one to four bedroom villas were sold and are occasionally available for resale in this popular Hunter Valley location situated just 90 minutes north of Sydney.
Owners may let their property via the resort and Cypress Lakes guarantees a return of around 5.35% of the investment each year.
Some owners choose to retain control of their villa but for those who do lease them out they are able to spend two weeks a year at the villa at a reduced rate.
There are 12-14 1, 2 and 3 bedroom villas currently available starting at $330,000 up to $530,000 and on very rare occasions there are four-bedroom villas on offer.
Properties are available for rent all year round and range in price from $260-$440 per night.
There is the possibility of future development and Golden Door Development is currently in the process of establishing a health retreat.
Golf course frontage is available at 30% of the villas while the remainder have splendid outlooks over the Hunter Valley vineyards and up to the spectacular mountain views.
There are three restaurants at Cypress Lakes, tennis courts, three swimming pools, and gymnasium and massage facilities.
And with 110 Hunter Valley vineyards at close hand, you will never be lost for somewhere to enjoy the highest quality food and wine.
MACQUARIE LINKS: Macquarie Links is the latest jewel in the ClubCorp crown in Australia.
Designed by Robin Nelson and a championship par-72 golf course, it is a classic course along the lines of the great Scottish Links.
It is a private golf club in south-west Sydney, where land sales commenced in February 1998 and most of the 308 lots have since been sold. Limited land remains available from $300,000.
A new release of 15 villas is on offer from $500,000 with a few executive homes currently under construction and expected to sell above $700,000.
RIVERSIDE OAKS: Less than an hour from Sydney, Riverside Oaks is set in 587 acres of unspoilt natural bushland bordered by the Hawkesbury River and wildlife reserve. Although the course opened way back in 1986, only in late 2002 did owners Topmead develop 190 house and land packages at around $450,000. These are anticipated to sell by 2006.
TALLWOODS: Tallwoods is located near Tuncurry, between Newcastle and Port Macquarie on the New South Wales’ north coast and 20 minutes from Forster/Tuncurry. The development area is 237 hectares with an expected yield of approximately 1000 land lots.
Tallwoods offers the astute purchaser a wide range of residential lots, home and land packages, established homes and units with some of the most breathtaking views of the coast.
THE VINTAGE: Medallist Developments’ venture into the Hunter Valley has spawned The Vintage, the Hunter Valley’s only approved residential golf community and the only opportunity to live in Australia’s finest wine producing region.
Phase B of ‘Blue Gums’ was released in April this year and featured 64 home sites and was the fifth precinct within the development.
A total of 158 lots have been sold to date, totalling more than $32.8 million since land sales commenced in late 2001, with more than 80% of land released at The Vintage already sold.
Premium Blue Gums home sites are valued between $180,000 and $320,000 and range in size from 450sqm to 1200sqm.
The land released within Blue Gums has a spectacular position overlooking the 2nd to 6th holes and is situated close to the $5 million clubhouse that opened in November 2002.
Greg Norman designed the 18-hole championship course that is situated within the resort style environment that includes clubhouse, community centre, general store, health and fitness facilities, bushwalking, tennis courts and pool.
TURA BEACH: Arguably the first golf course to incorporate a housing development, this south coast gem has been fully developed since 1982. Although rare, houses with golf frontage and ocean views occasionally become available. Designed by the Thomson-Wolveridge team, tricky and subtle Bent grass greens provides for a tough test of golf with some magnificent bunkering and six par-5s that wind through some spectacular scenery.
Planned development by Medallist Developments and Bradcorp to be located at Wilton, adjacent to the F5 motorway, just 60 minutes by road west of Sydney.
The complete project incorporates a 1290-hectare parcel of land with the first stage to consist of approximately 420 hectares and include an estate with 1000 residential lots, a Greg Norman-designed championship golf course and country club, a primary school and approximately 200 hectares of open space.
The entire project has been valued at $1 billion.
MEADOW SPRINGS: Touted as golf as nature intended, the 18-hole golf course was designed by Robert Trent Jones Jr and nestled near the coastal town of Mandurah, just 30 minutes south of Perth.
Four artificial lakes and 67 bunkers provide a worthy test for golfers of all abilities and Meadow Springs has already played host to seven Western Australia Opens.
Around 100 motel style units were constructed only two years ago and are being refurbished as apartments for over-55s. Studios are available from $90,000, with bedroom apartments starting at $260,000.
BINNINGUP: Half of the 100 lots have been sold and there remains land available from $60,000-$70,000. Some fairways framed by giant Tuarts, water holes around billabong lakes and even a stretch of pure coastal links with ocean vistas. Nine holes at present, clubhouse and further 18 holes planned.
JOONDALUP RESORT: Joondalup Resort was first granted Integrated Tourist Resort status in the mid 1980s and land sales began in 1994 with a challenging 27-hole golf course designed by Robert Trent Jones Jr.
Only limited land releases have been made in the past 10 years with a total of just 30 lots ranging in price from $260,000-$350,000.
There is also in excess of 100 three-bedroom townhouses with resale values ranging from $220,000-$350,000.
KENNEDY BAY: Rated No 1 Australia’s Best Public Access course in Golf Course Guide, the 18-hole course was designed by Michael Coate, Roger Mackay and Ian Baker-Finch and features 115 dramatic pot-style bunkers with Indian Ocean views.
It was also voted the No 1 course in Western Australia and 10th in Australia by Australian Golf Digest Magazine in 2002.
There are currently 200 completed homes at Kennedy Bay and 400 out of 750 blocks have been sold. New lots are available from $60,000-$90,000 and are expected to sell by 2005. All housing is adjacent to, rather than course frontage.
RAVENSWOOD SANCTUARY: The emphasis is on natural environment, carry and target golf at Ravenswood Sanctuary and 18 of the planned 27 holes are currently under construction.
Ravenswood Sanctuary is also a member of Western Australia’s Golf Coast group that includes Meadow Springs, Secret Harbour and Kennedy Bay.
A large selection of serviced residential blocks is available, with lots ranging from 400 to 1800sqm and in price from $70,000 to $150,000.
With lake, park or golf course frontage just a few of the options available, many families have already made Ravenswood Sanctuary their home.
It is an ambitious project with one or possibly two courses and a nine-hole par-3 course.
THE VINES: Located in wine growing region of Swan Valley and framed by the foothills of Darling Ranges, The Vines was the home to the Heineken Classic from 1993-20001.
A home at the Vines represents both a relaxed lifestyle and a positive investment.
A good selection of established properties are currently available, comprising houses, condominiums and apartments.
There are two 18-hole golf courses within The Vines, Ellenbrook Course and Lakes Course.
Land sales commenced in 1989 with 850 lots including 360 of one acre.
Very little land remains but house and land prices range from $280,000 to $800,000 on an acre. New three-bedroom villas are $174,000-$200,000.
FLEURIEU GOLF CLUB: Conveniently located just 40 minutes from Adelaide and 30 minutes from Victor Harbour, the Fleurieu Golf Club takes its place among some of the most delightful housing opportunities on the Fleurieu Peninsula.
Designed by Neil Crafter, the course is a traditional links style layout with couch and winter grasses in fairways, large greens, lakes and 89 bunkers.
Residential land packages are available overlooking the lush Fleurieu greens and blocks are in excess of 800sqm in size and are serviced with water and sewerage. Of the 150 planned lots, 125 have sold since 1999 with land available from $60,000.
With a high quality convention centre as part of the development, there are also plans to build a 30-room 4-star motel to provide visitors with both convenience and luxury.
LINKS LADY BAY: True St Andrews style course overlooking Fleurieu coastline that was designed by Jack Newtown, Graeme Grant & John Spencer and managed by IMG.
Very few of the first 140 lots remain, but 62 townhouses will be released from $225,000-$325,000. There are 200 lots for future development.
McCRACKEN COUNTRY CLUB: The course is located 84km south of Adelaide in the historic Fleurieu region around Victor Harbour.
McCracken was first developed as a golf course around a housing estate with plans for a resort but the development company was unable to make it work and the project was left as a stand-alone golf course.
As the course deteriorated through lack of funding, the Conolly Group saw the potential and stepped in with a plan that would totally transform McCracken Country Club and its surrounds.
As well as introducing 74 bunkers and 17 lakes, the clubhouse became a hotel and conference centre with 40 rooms and a new restaurant.
The company has developed the residential land adjoining the course and subdivided it for sale along with golfing rights.
A large portion of the residential estate has already been sold; there are 30 homes presently under construction and about 90 blocks yet to be sold.
Predictions are that within four years all the vacant land will be sold and McCracken will be the centre of a booming residential community and a popular destination for holidaying golfers.
Membership at McCracken will be capped at 500 to ensure there are ample tee times available for holidaymakers and casual, pay-for-play players.
WIRRINA COVE GOLF AND COUNTRY CLUB: Ocean Heights is a 111-allotment land subdivision adjacent to the golf course with blocks ranging in size from 600 to 1245sqm still available.