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Overview
This strategic landholding in Newborough offers a valuable urban growth opportunity within the approved Lake Narracan Precinct Structure Plan (PSP), making it ideal for developers, land bankers, and investors aiming to capitalise on future regional growth. Spanning approximately 11.86 acres (47,961 sqm) of vacant land, the property is positioned amidst existing and planned residential precincts, providing strong connectivity to essential amenities and education facilities.
Zoned for urban growth, this site not only welcomes potential residential subdivision but also invites a range of complementary developments such as childcare, retirement living, or aged care, subject to necessary approvals. Its location within the Lake Narracan PSP and proximity to shopping centres like Woolworths, Coles, ALDI, and Kmart ensures convenience for future occupants.
Additional location advantages include access to Moe Train Station and several schools, contributing to the appeal for future community development. The property's established infrastructure and regional growth trajectory underline its potential for long-term capital gain. Prospective purchasers should conduct thorough due diligence regarding planning and development considerations.
Local Market Insights
In Newborough, Quiet Listings observed 3 new parcels of land entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $219,667. The property type mix of listed properties is predominantly Houses at 82%, followed by land (18%). The most active agency for land in the Newborough area is currently Wilson Property RCI, representing 33% of new listings, followed by Property Investor with 33%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Newborough VIC 3825
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