Modern townhomes and villas are increasingly popular for people choosing an affordable home without sacrificing space, features, and lifestyle. 

Townhomes are usually designed as multi-floor houses sharing at least one wall with a neighbouring property. Modern floorplans also come with a front and back garden and a garage. 

Space 

Innovative designs generally offer between 2 to 4 bedrooms, multiple living areas, open plan layouts and clever storage spaces. This makes them ideal for first-home buyers and young families.

Often floorplans will include at least one bedroom and bathroom downstairs, ideal for guests or multi-generational living options.

Outside, townhomes offer the best of both worlds. Smaller front and backyards mean low-maintenance living, while an alfresco area makes outdoor dining and entertaining possible too.

Value for money 

By maximising the built form across a smaller parcel of land, purchasers can obtain the same living area as a much larger block for a more affordable fixed price. 

Fixed price options for townhouses or villas will also provide peace of mind to home buyers conscious of real estate market increases.

Many builders now offer a high level of specification as well as structural guarantees and warranties. 

First home buyers may be eligible for a $10k First Home Buyer Grant and the Victorian Homebuyer Fund. It is recommended to check eligibility requirements directly with Victoria’s State Revenue Office before factoring in any government benefits.  

Amenities and Community 
Increasingly, many townhouses are being built in residential land developments that are conveniently located close to bustling communities, shops and public transport. 

They provide the perfect environment in which to meet new friends, foster a sense of belonging and are a great way to feel part of a thriving community. 

The Reside Terraces  
Become a homeowner with confidence knowing that it will be delivered at no extra cost by a highly reputable and experienced residential developer.  

The Reside Collection Terraces Grevillea Release is an exclusive development of only seven townhomes.  

Modern and stylish, the Reside Collection showcases Dennis Family’s commitment to delivering architecturally designed, contemporary family homes that do not compromise on space, functionality or quality.  

The Terraces all come with four bedrooms, 2.5 or 3.5 bathrooms, and a one-car garage (a two-car garage is included with Lot 19008). The open floor plan has been designed to include features like a thoughtfully appointed kitchen, complete with a butler’s pantry.   

Walk-in wardrobes, a powder room, ensuite, and a downstairs guest bedroom are some of the other features usually reserved for more expensive homes. These are all standard inclusions for The Terraces.  (More information and a full list of the Reside Collection Terrace inclusions can be found here: https://manorlakes.com.au/residecollection/terraces-now-selling)