Former Albury-Wodonga Corporation land disappearing once and for all

THE disposal of remaining Albury-Wodonga Corporation land is almost complete, four years after being officially wound up by the federal government.

Close to $50 million has been generated for the finance department since the off-loading of land ranging from residential blocks to larger allotments in key growth areas of Albury-Wodonga including Thurgoona and Leneva.

The bigger land parcels have generated strong interest from local and capital city investors, according to Scott Wilkie from Stanley & Martin, which was appointed in 2016 for the disposal of 19 properties.

He said the sale prices had ranged from $71,000 to $6.3 million for 80 hectares in Castle Creek Road, Wodonga.

Stanley & Martin also was originally appointed in 2015 to sell former AWC serviced residential allotments in Federation Park, Country Club, Yarralumla Rise and Wattle Glen on the Victorian side of the border and Hamilton Heights, Hume Gardens and Quicks Hill in NSW.

The larger land parcels which were the subject of the 2016 contract were located in Thurgoona, Lavington, Wodonga, Leneva and Baranduda and were zoned a mixture of residential, rural, urban growth, mixed use and industrial.

A block of almost two hectares and zoned residential in Urana Road, Lavington is the final one to be sold with tenders closing late on Monday.

A total of 668 hectares of land has been sold by Stanley & Martin between December 2015 and this month with some of the blocks being on the market for close to 20 years.

It brings an official closure to once grand plans for the Albury-Wodonga growth centre of 300,000 people.

Article courtesy appeared The Border Mail – 8 August 2018

Leave a Reply

Your email address will not be published.