Substantial landholding the largest ever to come to market in Western Sydney suburb

8 February 2023

 An incredible 41.32 hectares of land in Austral is set to be sold, the largest land parcel to ever hit the market in the suburb.

The mammoth land holding at Lot 10 Gurner Avenue in one of Sydney’s most in demand suburbs provides plenty of opportunities for potential buyers, with the possibility to masterplan an entire estate thanks to its flexible zoning.

The sheer size of the asset makes it an extremely rare commodity that is almost unrepeatable in this premier location. The nearby Western Sydney Airport is expected to be operational by 2026 and will generate economic activity and employment opportunities for the local community. On top of this, the Aerotropolis will deliver new jobs, homes, infrastructure and services to the Western Sydney community.

The Colliers team of Joe Sacco and Frank Oliveri have the exclusive listing on behalf of Hellenic Village, with a price guide of over $100 million.

“Zoned sites of this size in established areas are very rare in the current market,” Mr Sacco said. “Given the size and diverse offering of the site we expect buyer interest to be incredibly strong and come from a wide range of developers from both interstate and international.”

“The scale of this Austral site offers significant future development pipeline that can be built to meet market conditions over the short, medium and long term if desired,” Mr Oliveri added.

Both the Austral and Leppington North precincts have been highly sought-after due to recent rezoning by the NSW Government, which will allow for urban development. The rezoning will provide enough land for approximately 17,350 dwellings that will potentially house over 54,000 residents.

One of the fastest growing regions in Australia, south-west Sydney is experiencing unprecedented growth, with a population of more than 1.5 million people expected by 2036.

On top of this, a forecast of approximately $3.6 billion is due to be spent by local, state and national authorities within the region, including on the future Western Sydney Airport and surrounding Aerotropolis.

Lot 10 Gurner Avenue, Austral is for sale via an International Expressions of Interest campaign that will close on Wednesday, March 8 at 12pm (AEDT).