A milestone was reached this week for the Golden Valley land subdivision in Jamberoo with the first 10 lots being released for sale.

Siblings and business partners Jennifer Macquarie and Lawson Fredericks of Fountaindale Group are excited to be moving the project forward, having resolved multiple planning and servicing issues that held the project back for several years.

The development had been in the pipeline since 2017 but it was delayed by bureaucratic red tape.

Fountaindale reached a breakthrough last year after urging NSW Water and Housing Minister Rose Jackson to intervene in August to authorise the project to move ahead.

The civil construction works are currently in a tender process, with several local companies vying for the work.

The successful contractor will be appointed in March and construction of the 50-lot subdivision will start in April.

Construction will be complete prior to the end of the year, subject to reasonable weather.

Fountaindale has received strong inquiry in these homesites due to their generous size (800m2 each), the outlook over green rolling hills and the location in one of the Illawarra’s most loved rural villages.

The price guide for the lots ranges from $895,000 to $995,000.

The remaining 40 lots will be offered for sale towards the end of this year when construction is complete, and by then prices are expected to breach the $1 million mark.

The Fredericks family have lived and farmed in Jamberoo for six generations, so this project is close to their heart.

“Having grown up in the village, attended school here and being part of the community, we know exactly why people desire to live here,” Lawson said.

“We can’t wait to see new families build their dream home at Golden Valley and embrace that same village lifestyle that we have been privileged to experience.”

While the first 50 lots are being constructed, Fountaindale will be pursuing the rezoning of the adjacent parcel for further residential development.

This land was identified as a future new living area in Kiama Council’s recently adopted Housing Strategy.

The two stages together will enable approximately up to 120 new families to move to Jamberoo which, over time, will increase enrolments at the primary school and strengthen the viability of local businesses.

“Medical and pharmacy services have always been a tenuous proposal in Jamberoo due to the population size, and the increased demand from new families is needed to attract and retain these important services for the benefit of the whole village,” Jennifer said.

“Stage 2 of the Golden Valley development will also incorporate a new home for Jamberoo’s community pre-school which experiences regular flooding in its current location.”

More information on the Golden Valley project and its current land release can be found at www.goldenvalleyjamberoo.com.au.

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