Koroit's population is set to swell with blocks selling fast at the town's newest housing estate.
Infrastructure construction has started on stage one at the Waterford Estate in King Street.
Work is being carried out to create the two streets which will house the 23 homes that make up the first stage.
Twelve of the blocks have already been purchased with all six with frontage to King Street sold.
This is the first of three stages, with a total of 59 blocks to be offered.
Waterford Estate spokesman and property development manager for the Rodger Group Sam Stevens said it was a positive start.
"We are really happy with how it's going," Mr Stevens said.
"There is no real timeline in place about how quickly the stages will sell.
"We'll just see what happens, it will depend a lot on the market demand going forward.
"It would be good to have a nice gradual roll out over the three stages."
The Waterford Estate blocks range in size from 687m2 to 1233m2 and begin at $129,000 and go up to slightly higher than $140,000.
Mr Stevens said the price range made Koroit an appealing proposition.
"Koroit is an affordable place to live and there is a buzz about the town with some new businesses opening and other exciting things happening," he said.
"The interest we have had in Waterford Estate shows that Koroit is a place people are looking at."
Once complete, the estate will have four streets, with three exits off King Street and one off Port Fairy Road.
The Waterford Estate has already had a long history with a permit first sought from Moyne Shire Council for the development in 2009.
Councillors rejected the initial plan, which included 62 blocks, but after much discussion the developers and council settled on a 59-lot subdivision.
The opening of Waterford Estate comes on the back of the successful roll out of the Rutledge Estate.
Located off Nine Mile Creek Road, Rutledge Estate went on sale in 2011, with 18 blocks sold in the first year, creating predictions of a buying frenzy. The ensuing years saw sales slow but remain steady, with only a handful of the 70 blocks vacant.
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