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About Millennium Properties

Millennium Properties Pty Ltd was established in 1996 as a 50/50 Joint Venture between Salta Properties Pty Ltd and Psaltis Ryobi Group Pty Ltd to undertake residential property development.

Sam Tarascio Snr and Nick Psaltis commenced their association in 1985 on the Victorian Transport Centre (VTC) project which Salta was developing in Somerton, Victoria. Nick was engaged by Sam to manage the construction of the civil works of the project. Although Sam and Nick maintained ongoing contact after the completion of VTC in 1987, each was engaged in the development of their own businesses over the ensuing years. Sam built Salta Properties into one of Australia’s largest privately owned developers with numerous multi-million dollar projects across the country, whilst Nick established his own successful civil construction and structural remediation businesses, and Psaltis Ryobi Group.

It was not until 1996 that Sam and Nick established a formal association through Millennium Properties, and it is their combined 80 years of development, building and civil engineering experience that is the driving force behind the success of Millennium Properties.

Millennium Properties has established an enviable record of successfully completed residential developments including land subdivision, housing construction and apartment building, and recently completed its first commercial venture – Glen Gala Village Shopping Centre - which it continues to own and operate.

The directors of Millennium Properties are Salvatore (Sam) Tarascio Snr, Sam Tarascio, Nick Psaltis and Andrew Brest.


  • Sam Tarascio Snr's profile photo

    Salvatore (Sam) Tarascio Snr
    Executive Chairman
    Salta Properties Pty Ltd

  • Sam Tarascio Jnr's profile photo

    Sam Tarascio
    Managing Director
    Salta Properties Pty Ltd

  • Nick Psaltis's profile photo

    Nick Psaltis
    Managing Director
    Psaltis Ryobi Group Pty Ltd

  • Andrew Brest's profile photo

    Andrew Brest
    Executive Director
    Salta Properties Pty Ltd


"It is my privilege to extend a heartfelt thanks and congratulations to Millennium Properties Pty Ltd, Brimbank City Council, the community groups for a job well done!"

Mr Telmo Languiller MP
Member for Derrimut

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"Your company transformed this land to the community's request rezoning the land from industrial to residential. We now have one of the best small estates in our city with a shopping centre, variety of shops and a large medical centre."

Sam David
Former Mayor of Brimbank City Council

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