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\u201cWhen we launched the original Estuary, in 2011, it had 651 lots and we thought would take nine years to sell the project, but we under-estimated the underlying local demand and it was sold out in just four years.<\/p>\n
\u201cThe vast majority of buyers at the original Estuary were local Leopold buyers looking for a quality estate and community within Leopold without having to move into Geelong.<\/p>\n
\u201cMany families had moved to Leopold as first home buyers in the 1970s, \u201980s and \u201990s.<\/p>\n
\u201cThey really appreciated the Villawood brand coming and delivering a new standard of wetlands, sculptures and sporting facilities \u2013 together with a spectacular view over Reedy Lakes, with some higher blocks overlooking Corio Bay.<\/p>\n
\u201cNow their kids have grown up and want to buy a site in Leopold, too.\u201d<\/p>\n
The existing Estuary is home to more than 1500 residents who enjoy an enviable lifestyle, just a short drive from the Bellarine\u2019s best beaches and only 10 kilometres from Geelong\u2019s CBD.<\/p>\n
Mr Costelloe said a number of people had already lined up to buy at River Cove, all from Leopold bar one from neighbouring Barwon Heads.<\/p>\n
\u201cIt\u2019s good to see residents of Leopold are proud of their community and want to continue to live close to their friends and family,\u201d he said.<\/p>\n
\u201cThe new expanded Gateway Plaza shopping centre, with Bunnings and all its other stores, has been a great drawcard as well.\u201d<\/p>\n
Mr Costelloe said the River Cove blocks would come to market with signature Villawood quality.<\/p>\n
\u201cThey have a reasonable level to build on and will feature wetlands and a large community park,\u201d he said.<\/p>\n
\u201cWe imagine there are even buyers in Estuary who bought nearly a decade ago who will have enjoyed a good capital gain since then which will enable them to upgrade into River Cove.\u201d<\/p>\n
River Cove Estuary is a stone\u2019s throw from Lake Connewarre where residents can walk, canoe, bird watch, wander amongst seagrass meadows, or take the kids cycling along riverine trails.<\/p>\n
\u201cRetail amenities on Ash Road are just a short stroll away with the extensive Gateway Plaza just a few minutes drive.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Leopold\u2019s popular Estuary community will be expanded by developer Villawood Properties in a new 225-lot development and a new precinct, River Cove. Located east of the existing Estuary off Ash Road, River Cove hit the market on 5 September with full online consult, inspect and purchase facilities available. Villawood is the only developer in Geelong […]<\/p>\n