Hundreds of new home owners have been left in limbo after the collapse of a land developer in Melbourne’s outer north-west.
Developer Land Source Australia was placed in administration last year leaving residents of Waterford Estate unsure if key features of the estate parks, ovals and shopping centres promised by the developers will be delivered.
Bank-appointed receivers KordaMentha last week moved to sell the remaining 200-odd dwelling sites, advertising a mix of townhouse and traditional land lots for sale.
Biggin & Scott Land agent Andrew Egan said he expected a developer or builder to purchase the project given most of the planning and services were in place.
The la…
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