A new development in Melbourne is proving that demand for sustainable communities is out there, selling out the first stage of what will be Australia’s most water and energy efficient residential project.
The first stage of ‘Aquarevo’, Australia’s most water and energy efficient residential development, sold out in record-breaking time. A collaboration between South East Water and Villawood Properties, Aquarevo adopts a unique integrated approach to water management through the use of South East Water’s OneBox® and Tank Talk® technology, along with rainwater used for hot water, recycled water, and solar panels.
The developments water management systems will ultimately save up to 70 percent in potable water use and 50 percent of energy use, making Aquarevo Australia’s leading residential development in terms of water and energy efficiency.
Approximately 80 buyer groups had lined up to secure prime lots in the Aquarevo development within hours of the news release. The initial 44 lots were snapped up within hours of their release, with further interest expected for the 460-home community in Lyndhurst in Melbourne’s south-east.
Villawood Properties Executive Director Rory Costelloe said that the result highlights the demand for truly sustainable communities. “At Aquarevo, we want to show that there’s a better way to use water at home – without losing the health and liveability that water provides,” says Costelloe.
Beyond the ground-breaking water initiatives, each home will include a solar power system with a minimum generating capacity of 2.5 kilowatts and will be future-proofed to allow for potential advancements, including battery storage and electrical vehicle recharging, which would further improve energy efficiency.
The initial release accounts for 10 percent of the total Aquarevo development, which will extend to 460 lots at the time of completion and become home to an anticipated population exceeding 1200 people.
Aquarevo is at the forefront of the state’s water efficiency programs, which are being implemented to support other government initiatives to help secure water supplies for current and future generations of Victorians.