Moss Vale property market heats up as land release sells out in four hours

Ashbourne, a planned community in Moss Vale's south, officially opened up to the public on Saturday with the first land packages selling out instantly.

Read more: GHD to hold in person meeting for controversial Plasrefine development

'I feel relieved': Highlands Olympian calls time on career

Owned by Aoyuan International, a subsidiary of Chinese company Aoyuan, the Ashbourne development hopes to deliver around 1100 to 1200 lots over the course of the next decade via staged releases.

That first stage saw a total of 85 parcels of land officially sold within four hours whilst 58 were sold back in August.

The news follows the recent sale of dairy farm Parkleigh, also on Yarrawa Road, for $13.45 million, $8.45 million over the reserve.

Aoyuan International President Adrian Liaw, who was in attendance on Saturday, said they were blown away with the weekend's numbers.

"Our team had expected significant interest in our land release this past weekend," he explained.

"Since Sydney came out of lockdown, we knew there had been a lot of pent-up demand for regional land, but we were still impressed by the turnout."

Community Liaison Joanne Crowley said she was impressed by the makeup of buyers, with plenty of young faces in the crowd mixed in with city workers looking to make a change.

"There were lots of young couples, keen to buy their first home but I was also impressed with how many young couples there were who had already done this a couple of times," she told the News.

"They could see the value in this kind of master plan community.

"We've also seen an uplift in people who can now live here because they can work from home. People who, when the development launched, would not have been in the market but are now. Regions all over Australia are seeing that."

Did you know the Southern Highland News is now offering breaking news alerts and a daily email newsletter? Keep up-to-date with all the local news: sign up below.