BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 4.0//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Once-in-a-Generation Rezoned Residential Land Release\n9 River Road\, Gobbagombalin presents a rare opportunity to acquire one of the l argest rezoned residential land holdings to come to market in regional Ne w South Wales in recent years.\n\nComprising two parcels totalling approx imately 74 hectares\, the property has been rezoned from rural to residen tial under the Wagga Wagga Local Environmental Plan 2010 and carries an U rban Release Area designation\, placing it within the city's committed lo ng-term growth corridor. With rezoning complete\, an incoming owner can p roceed directly to subdivision planning and infrastructure delivery.\n\nD ue diligence indicates a yield potential of 300 to 500 residential lots\, with an optimal range of 400 to 440 lots\, supporting a master-planned c ommunity outcome of genuine scale. Approximately 40 hectares sits above t he flood line and is available for residential development. The balance - approximately 34 hectares of floodplain - provides substantial open spac e and amenity within the overall landholding.\n\nThe land itself is among the most desirable in the Wagga Wagga growth corridor. Gently elevated w ith a gradual slope\, it offers natural drainage\, ease of civil construc tion\, and the ability to create streets and allotments with outlook and amenity that flat land simply cannot deliver. Panoramic views extend acro ss the Murrumbidgee River valley and surrounding landscape\, providing a point of distinction that will support premium lot pricing at the sales s tage. Proximity to the CBD - approximately 5km - places this well within the range buyers and renters actively seek\, without the density constrai nts of established suburbs.\nFor a developer\, these are the fundamentals that drive both margin and marketability: desirable land\, a natural out look\, gentle topography that keeps civil costs manageable\, and a locati on close enough to services that every lot is genuinely liveable from day one.\n the Northern Growth Area the focus of $70.8 million in committed NSW Government and Council infrastructure investment\, including a $21.23 million sewer capacity upgrade directly serving this corridor.\n\nWagga Wagga's residential land market continues to strengthen. The median finis hed lot price reached $315\,000 in 2024/25\, up 6.78% year on year. Renta l vacancy sits at 0.6%\, well below the 3% threshold considered indicativ e of a balanced market. Population is projected to grow from approximatel y 70\,700 today to over 82\,000 by 2046\, underpinned by sustained invest ment in defence\, health\, education\, and transport infrastructure.\nFou r existing dwellings are in place\, providing holding income during the d elivery phase.\n\nProperty Features:\n- 74 hectares rezoned residential ( R1 General Residential\, Urban Release Area)\n- Approximately 40 hectares above flood line\, available for development\n- 300-500 lot yield potent ial\, optimal 400-440 lots\n- Elevated\, gently sloping land with panoram ic views to the Murrumbidgee River\n- Natural drainage characteristics fa vourable for civil construction\n- Approximately 5km to Wagga Wagga CBD\n - Approximately 32 hectares of floodplain providing open space amenity\n- Four existing dwellings providing holding income\n- $70.8M committed inf rastructure investment in the Northern Growth Area\n- Established and pla nned school zones\, retail precincts\, and community facilities nearby\n\ nThe property is offered for sale by Expression of Interest closing Thurs day 25 June 2026.\nAn Information Memorandum is available to qualified pa rties upon request. DTEND:20260625T170000 DTSTAMP:20260521T075042Z DTSTART:20260625T170000 SEQUENCE:0 SUMMARY:Expression Of Interest: 9 River Road\, Gobbagombalin NSW UID:CRE-2020860410-EOI X-ALT-DESC;FMTTYPE=text/html:< title>

Once-in-a-Generation Rezoned Reside ntial Land Release
9 River Road\, Gobbagombalin presents a rare opp ortunity to acquire one of the largest rezoned residential land holdings to come to market in regional New South Wales in recent years.\n
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Comprising two parcels totalling approximately 74 hectares\, the p roperty has been rezoned from rural to residential under the Wagga Wagga Local Environmental Plan 2010 and carries an Urban Release Area designati on\, placing it within the city's committed long-term growth corridor. Wi th rezoning complete\, an incoming owner can proceed directly to subdivis ion planning and infrastructure delivery.\n
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Due diligence indicates a yield potential of 300 to 500 residential lots\, with an opti mal range of 400 to 440 lots\, supporting a master-planned community outc ome of genuine scale. Approximately 40 hectares sits above the flood line and is available for residential development. The balance - approximatel y 34 hectares of floodplain - provides substantial open space and amenity within the overall landholding.\n
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The land itself is amon g the most desirable in the Wagga Wagga growth corridor. Gently elevated with a gradual slope\, it offers natural drainage\, ease of civil constru ction\, and the ability to create streets and allotments with outlook and amenity that flat land simply cannot deliver. Panoramic views extend acr oss the Murrumbidgee River valley and surrounding landscape\, providing a point of distinction that will support premium lot pricing at the sales stage. Proximity to the CBD - approximately 5km - places this well within the range buyers and renters actively seek\, without the density constra ints of established suburbs.\n
For a developer\, these are the fund amentals that drive both margin and marketability: desirable land\, a nat ural outlook\, gentle topography that keeps civil costs manageable\, and a location close enough to services that every lot is genuinely liveable from day one.\n
the Northern Growth Area the focus of $70.8 millio n in committed NSW Government and Council infrastructure investment\, inc luding a $21.23 million sewer capacity upgrade directly serving this corr idor.\n
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Wagga Wagga's residential land market continues to strengthen. The median finished lot price reached $315\,000 in 2024/25\, up 6.78% year on year. Rental vacancy sits at 0.6%\, well below the 3% t hreshold considered indicative of a balanced market. Population is projec ted to grow from approximately 70\,700 today to over 82\,000 by 2046\, un derpinned by sustained investment in defence\, health\, education\, and t ransport infrastructure.\n
Four existing dwellings are in place\, p roviding holding income during the delivery phase.\n
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Prope rty Features:\n
- 74 hectares rezoned residential (R1 General Resid ential\, Urban Release Area)\n
- Approximately 40 hectares above fl ood line\, available for development\n
- 300-500 lot yield potentia l\, optimal 400-440 lots\n
- Elevated\, gently sloping land with pa noramic views to the Murrumbidgee River\n
- Natural drainage charac teristics favourable for civil construction\n
- Approximately 5km t o Wagga Wagga CBD\n
- Approximately 32 hectares of floodplain provi ding open space amenity\n
- Four existing dwellings providing holdi ng income\n
- $70.8M committed infrastructure investment in the Nor thern Growth Area\n
- Established and planned school zones\, retail precincts\, and community facilities nearby\n
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The propert y is offered for sale by Expression of Interest closing Thursday 25 June 2026.\n
An Information Memorandum is available to qualified parties upon request.

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