Sanctuary Lakes Quality Builds Value for Residents   After 13 years Sanctuary Lakes Resort continues to maintain its premium position as one of the most sought after residential golfing locations in Australia with a vibrant community of some 4000 residents of all age groups from retirees to young families.   People making the decision to purchase and build at Sanctuary Lakes Resort recognise they are buying premium property to establish their new home and lifestyle but also realise their investment has far greater potential.   Both waterfront and golf course land is a very limited commodity, particularly in such close proximity to the CBD and this scarcity will have a significant impact on property values over time.   The value of property is clearly underpinned by the fact that 30% of all land at Sanctuary Lakes is either on the waterfront or on the golf course with a series of parks and reserves throughout the project. 50% of the entire project is dedicated public open space. The first waterfront lots released in February 1997 sold from $120,000. Today similar waterfront allotments are selling between $380,000 and $550,000.   At Sanctuary Lakes Resort, the resident’s investment is protected with over fifty staff working with the Club to maintain all of the landscaping, the lake, golf course surrounds and the club services to ensure residents continue to enjoy living in a quality environment which includes: n         An 18 hole Greg Norman designed championship golf course n         24 hour on site security for residents and their property n                   Clubhouse including bistro, bar and function centre n         Golf driving range and training academy n         Lake for recreation and small boating n         Recreational Centre with café, swimming pool and gymnasium n         Walking and cycling tracks n         Tennis courts n         Child Care Centre   The development of Sanctuary Lakes Resort has continued to enjoy buyer confidence as evidenced by the strong sales rate.   Ruth Ritchie, the Sales Manager at Sanctuary Lakes Resort said, “Home buyers are looking to live in environments where there is certainty in a neighbourhood, there is plenty of open space and no traffic problems.   Ms Ritchie said there is a choice of living options at Sanctuary Lakes Resort from apartments to townhouses and traditional family homes, however the big difference from the suburbs is that the locations of all of these residential precincts has been strategically planned at the beginning around the lake and the Greg Norman championship golf course.   Also fuelling the land demand at Sanctuary Lakes Resort is that no other development in the area has allocated over 46% of their developments as open space or can provide land buyers with immediate access to club, golfing, tennis, gymnasium and other lifestyle facilities. “The scarcity of waterfront and golf course land in Melbourne is also fuelling home buyer commitment and this scarcity will have a significant impact on values over time through the fundamentals of supply and demand.”   Ms Ritchie said “Investing in property adjacent to water and golf courses adds between 20% to 30% in value and is one of the major reasons for people buying into Sanctuary Lakes Resort over the past 13 years.” Information supplied by: Sanctuary Lakes Resort Phone: +61 3 9395 1688 Website: www.sanctuarylakes.com.au