There’s Lots to Offer on Both Sides of the Border

Scott Wilkie Border Mail Land.jpg

Blocks of land developed by the now-closed Albury-Wodonga Corporation will be released this year with the first six in Wodonga to go under the hammer soon, writes Janet Howie.

A body that helped shape the Border’s landscape for 40 years still has a role to play after its closure. Thirty-five blocks developed by Albury-Wodonga Corporation will be released for sale this year, with the first group of six lots due to be auctioned later this month. Selling agency Stanley & Martin says the initial auction of land in Leneva and Wodonga will be follows by further staggered sales. “There’s been a lot of work in making sure that we’re offering a cross section of blocks at any one release,” Stanley & Martin director Steve Martin says. “They’re on both sides of the border, elevated, ones with views, smaller ones, larger ones.” Residential Sales Director Scott Wilkie says the lots range in size from 600sqm to two hectares. “We’ve got a real good mixture of blocks, locations which opens it up to every sort of market or potential buyer,” he says. “We have a few larger blocks in NSW that will all be done individually rather than as groups.” Established in 1974 through an agreement between the federal NSW and Victorian governments, the then Albury-Wodonga Development Corporation aimed to create a major inland city by buying and developing large tracts of land. It’s wind up completed last year, has been planned since 2004 when the state governments agreed to withdraw from the scheme. The Department of Finance is now responsible for managing the corporations remaining land. Mr Martin says his company developed a strong relationship with the corporation over the decades. “They were very good to deal with,” he says. “They were very flexible working with, particularly first home buyers, providing them with time to get their plans approved and various things like that.” The director days the corporation made a huge contribution to the region.  “Go back 30 years ago, they were probably the primary developer and then in more recent years there’s been other land developers come into the market place,” he says. “Probably the last 10 years there was a transition period where the corporation got out of the mainstream development and interestingly enough was selling to other developers and allowing them the opportunity to be going in and subdividing. “It actually accelerated a lot of land coming up for sale.” Mr Martin expects the present project to be well received by home builders given the general demand for land. “Timing-wise, the federal government couldn’t have picked a better time to be now re-leasing this blocks.” he says. The auction of two blocks in Wattle Glen Estate, Leneva, and four lots in Yarralumla Rise, Wodonga, will be held on Saturday May 30 at Quest Wodonga, 46 Reid Street, Wodonga, and beginning at 10.30am. For more information contact Stanley & Martin residential sales director Scott Wilkie on 02 6023 8900 or 0435 901 926.

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