Schofields. Victoria developer enters region

Victorian developer, Villawood Properties has acquired a 60-hectare development site, at Schofields, plans to a project with a likely end value of $240 million comprising 800 residential lots. The lots are likely to the priced from the high $200,000s to low $300,000s, according to Villawood executive director, Rory Costelloe, in The Australian Financial Review.The project will be developed in conjunction with the land’s original owner, Dairy Corp.