Close to 150,000 square metres of developable land in Perth’s south has been listed for sale.
535 Millar Road in Wellard is 14,668 square metres of ready-to-develop land fronting the Kwinana Freeway.
Wellard is located approximately 38 kilometres south of Perth and has a population growth rate of 5.16 per cent per annum.
“Given the state government’s recent decision to increase the first home owners grant to $15,000 for new builds, residential development opportunities in high growth suburbs such as this will be of strong interest to developers,” said selling agent CBRE’s Ryan McGinnity.
“With development approval to accommodate 22 green title lots, this property presents an attractive opportunity to undertake a residential project in a proven growth area,” said Mr McGinnity.
The property is for sale via private treaty with expectations of around $2.1 million.
“Located about 4.7 kilometres from the Wellard Town Centre, this property is located nearby public transport networks, nature reserves, shopping centres and a host of schools,” said selling agent Matthew Elliott of CBRE.
The agents expect the land to go to developers looking to take advantage of the state’s boosted first home owners grant.