Lot 889 Rodoreda Crescent Ravenswood WA 6208

Cygnet West is pleased to offer for sale a unique opportunity to acquire a riverside englobo land parcel with approvals in place making to "ripe" for development.

Lying on the banks of the Murray River and flanked by the new residential estates of Ravenswood Green and Everleigh Ravenswood, Lot 889 Rodoreda Crescent offers a rare opportunity to secure a subdivision project with planning approvals for approximately 360 lots in Australia's hottest residential market.

An approved Outline Development Plan provides for a predominant R20 residential density with an R30 density closer to the river. The balance of the land is dedicated to a picturesque 7.1 ha public reserve that is enhanced by its wide river frontage, providing a valuable amenity to future residents.

Ravenswood is poised for strong future growth with .idcommunity forecasting in excess of 2.3% pa population growth from 2,621 persons in 2024 to 4,903 persons in 2,051. Whilst North Ravenswood is expected to undergo a massive transformation from a population of 64 people in 2024 to 17,976 people in 2051.

It is no wonder that major developers like DJ MacCormick and Watson Property Group are already in the area - and close to being fully developed.

Western Australia's economy continues to outperform with major indicators like Gross State Product, population growth and unemployment strong compared to other states. As a consequence, WA's residential market is buoyant with house and land prices increasing robustly over recent years.

The property is being offered For Sale by Expressions of Interest closing 4pm (AWST) Thursday 14th November 2024.