10 prime developments for sale across Australia

From residential developments to industrial parks, prime developments are in demand. This is often due to their strategic locations such as growing economic areas, a busy urban centre or near transportation. They often have potential for growth, fall under favourable zoning and regulations for a smoother approval process, and leave a community impact by enhancing the area’s overall appeal.

Sift through these 10 hand-picked buys; one might be right for you.

Mount Cottrell, Victoria

Builders can get straight to work on this massive shovel-ready, 10.75-hectare prime development site in Mount Cottrell, 31 kilometres west of Melbourne’s CBD. There are 106 titled residential lots at 1070 Leakes Road, in the Wyndham City Council growth corridor. The lots, sold in one line or as precincts, without the need for planning or development, are well located in an established area adjacent to the future Tarneit West train station, close to a future primary school and town centre, and within walking distance of an established shopping centre. 

Pennant Hills, NSW

This prime development opportunity has potential  (STCA) for 21 residential lots with homes ranging from 700 to 800 square metres on a 2.03-hectare site in the affluent suburb of West Pennant Hills, 21 kilometres north-west of Sydney’s CBD. Well connected to transport, schools and shops, the site at 39-55 Oratava Avenue has DA approval for 17 community-titled residential lots plus a road, with a new plan proposing the addition of four more residential lots. 

Belmont, Western Australia

This prime development site boasts three street frontages in an area with a shortage of quality development sites just five kilometres from Perth’s CBD. The mixed-business-zoned factory, warehouse and industrial opportunity in Belmont consists of two connected lots – at 21 Wynyard Street and 84 Cleaver Terrace – with a combined footprint of 5989 square metres. An investment in this neighbourhood will benefit from exposure to Abernethy Road, an arterial road wrapping around Perth Airport.

Smithfield, Queensland

Considered prime development land, this approved development site with dual-frontage and highway exposure is located in the tourism capital of Far North Queensland. On an “exceptionally positioned” corner block in Smithfield, a high-growth business and trade area of the “northern beaches”, the 1695-square-metre site at 102-104 McGregor Road is just 15 kilometres north of Cairns and close to a shopping centre, a university and a Catholic college. It has development approval with potential (STCA) for use as a retail sales yard, a showroom or light industrial business.

Crestwood, NSW

If you’re looking to build apartments or townhouses, this 2616-square-metre parcel of land 11 kilometres east of Canberra’s centre, is poised for transformation and zoned  R4 High Density Residential. The site comprises two lots with dated homes at 10-12 Railway Avenue, Crestwood – a suburb of Queanbeyan that sits close to the nation’s capital and is home to both homes and industrial developments. At number 10 there are two three-bedroom houses rented on a monthly basis for $650 per week, and at number 12 a vacant house stands awaiting a new vision.

Collinswood, South Australia

Buyers could develop up to three levels (STCA) and benefit from zero stamp duty on commercial properties in South Australia. It’s potential galore for this tightly held prime development site at 43-45 North East Road in blue-chip Collinswood, one of Adelaide’s prime commercial areas. Set across two allotments over a combined 2300 square metres, it is poised for a variety of business uses with excellent exposure thanks to its prominence along North East Road, plus rear lane access and on-site parking. 

Table Top, NSW

Packed with prime residential development potential, this expansive 57.1-hectare land in Table Top sits just north of the Albury growth corridor on the NSW side of the border with Victoria. With increased demand for quality living in the area minutes from Albury’s CBD, an investment will capitalise on highway access, local amenities and growth trajectory. The land, at 100 Davey Road, is offered on two titles with potential for more than 600 lots (STCA).

Surfers Paradise, Queensland

Fancy throwing a bit of paradise into your next purchase? Investment opportunities on Chevron Island, an urban island in Surfers Paradise, are becoming increasingly rare. This prime residential DA-approved site at 17 Illawong Street will see 277 unit owners take advantage of the lifestyle presented. The 3033-square-metre site is close to retail, entertainment and beaches, and is a short drive from Brisbane, which is undergoing notable growth.

Lewisham, NSW

Dreams await to do over this once factory-zoned parcel in Sydney’s Inner West. Now a mixed-zone hotspot at 2 McGill Street, Lewisham, buyers can develop, rebuild or land-bank the 378-square-metre block deemed a “strategic purchase for any buyer”. There’s a ground-floor industrial building set for rental income, plus a five-level development-approved build for 20 units, two retail spaces and a large rooftop terrace. Situated within walking distance of light rail, a train station, a market and a school, the property comes with an 80-per-cent-complete construction certificate. 

South Melbourne, Victoria

Located in a vibrant city-fringe location on a corner site, buyers can benefit from  “unparalleled exposure” at the vacant land site at 80 Montague Street, South Melbourne. Zoned Capital City Zone 1, buyers can look to grow businesses specialising in finance, legal, administrative, recreation, culture, tourism and entertainment, STCA. The 196-square-metre lot boasts significant height growth potential under its zoning.