DA Approved Vacant Landholding at the Heart of Booming Coastal Community

The 5,469sqm plot of land has a DA permitting the construction of five residential buildings, for a total of 35 apartments.

A prime DA approved developable block of land in a luxury master-planned coastal community is set to attract major interest after coming to market.

The 5,469sqm plot of land within the future Hill Top Village of the Catarina Development at Rainbow Beach in Lake Cathie is zoned R3 Medium Density Residential and MU1 Mixed Use. It is set to be transformed, with the DA permitting the construction of five residential buildings, with a total of 35 apartments across them.

All units will have three bedrooms as well as two basement car parking spaces. Rainbow Beach Estate will include a public school, sporting fields, a village centre and residential dwellings, making it the thriving heartbeat of the relaxed and community-based township. 

The Colliers team of Matthew Meynell and James Cowan have the exclusive listing, on behalf of Ozem Kassem and Ian Niccol of KPT Restructuring as Receivers & Managers, noting the previous purchase price was $6,500,000.

“DA approval on a block of this nature at the heart of a growing coastal community is extremely rare and highly sought-after, with interest expected to be very strong. Rainbow Beach Estate will provide residents with everything needed for the perfect lifestyle, with the beach just a short walk away and a blend of recreational facilities and essential services” Mr Meynell said.

“The mid-north coast market has consistently shown strong resilience as a shift in buyer dynamics has seen coastal living rise in preference. The area has matured into a highly sought-after lifestyle destination for young families, retirees, and sea-change buyers, with strong demand for both vacant land and newly built homes,” Mr Cowan added.

Demand for residential land remains strong, supported by a growing population, favourable affordability relative to coastal NSW markets, and an undersupply of housing stock in nearby regional cities such as Port Macquarie.

The Rainbow Beach Estate has been managed by King & Campbell, who have provided comprehensive services including project management, urban design, civil engineering, surveying, architecture, landscape architecture, and town planning since June 2014.

Situated along the Mid North Coast of New South Wales, Lake Cathie is a peaceful yet fast growing coastal township renowned for its relaxed lifestyle, natural beauty, and strong sense of community. Positioned just 20 minutes south of Port Macquarie and 15 minutes north of Laurieton, the township offers an ideal balance of coastal living with convenient access to regional hubs.

7-15 Whitewater Terrace, Lake Cathie is for sale by way of Expressions of Interest, closing Thursday, 5 June 2025.