The offering serves as a reflection of the growing interest for land in Wonthaggi, representative of Melbourne's thriving new regional growth areas.

Cameron Zamora, Julian Heatherich, Benson Zhou, and Tanya Su at Savills Australia and New Zealand are selling the property via an Expressions of Interest campaign.

Situated along on the south-east side of Wonthaggi, the site boasts an impressive 1.2km frontage, with designated future zonings comprising mainly of residential area with a strategic amount of commercial and mixed-use allocations.

Cameron Zamora, Associate Director at Savills said, “Regional Victoria and Wonthaggi in particular has seen significant growth in the last five years, with Victoria’s COVID lockdown period being a major contributing factor to those favouring alternative location living.

“The Wonthaggi North East PSP is in final stages and set to be approved within months, we expect the area to improve exponentially over the coming years.

“We are excited to offer this best-in-class site to the market, which will allow for a multitude of different development outcomes under the allocated residential, commercial, and mixed-use zonings. The site will be sold with favorable settlement terms and a Windfall Gains Tax exemption, soon to be rare scenario in Victoria’s regional market,” Mr Zamora concluded.

This precinct's comprehensive plan aims to guide the area's development for the next three to five decades, accommodating the anticipated population growth from 8,000 to 20,000 residents.

The region has already witnessed substantial growth, with the median house price surging by over 70% since 2019.

Despite rising construction costs, demand for opportunities in Melbourne's growth corridors remains robust. The property sits amidst prominent housing projects, including Parklea's Parklands Estate, Wallis Watsons’ Summerfields Estate, Coldon Homes' Northern Views, LandGipps’ Powlett Ridge Estate, and Lauders Group's upcoming project located on McGibbony’s Road.