9 River Road, Gobbagombalin, NSW 2650 | House for sale | OnTheHouse
 
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9 River Road
Gobbagombalin NSW 2650

Bedrooms: 13
Bathrooms: 5
Car spaces: 17
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Once-in-a-Generation Rezoned Residential Land Release

9 River Road, Gobbagombalin presents a rare opportunity to acquire one of the largest rezoned residential land holdings to come to market in regional New South Wales in recent years.
Comprising two parcels totalling approximately 74 hectares, the property has been rezoned from rural to residential under the Wagga Wagga Local Environmental Plan 2010 and carries an Urban Release Area designation, placing it within the city's committed long-term growth corridor. With rezoning complete, an incoming owner can proceed directly to subdivision planning and infrastructure delivery.
Due diligence indicates a yield potential of 300 to 500 residential lots, with an optimal range of 400 to 440 lots, supporting a master-planned community outcome of genuine scale. Approximately 40 hectares sits above the flood line and is available for residential development. The balance - approximately 34 hectares of floodplain - provides substantial open space and amenity within the overall landholding.
The land itself is among the most desirable in the Wagga Wagga growth corridor. Gently elevated with a gradual slope, it offers natural drainage, ease of civil construction, and the ability to create streets and allotments with outlook and amenity that flat land simply cannot deliver. Panoramic views extend across the Murrumbidgee River valley and surrounding landscape, providing a point of distinction that will support premium lot pricing at the sales stage. Proximity to the CBD - approximately 5km - places this well within the range buyers and renters actively seek, without the density constraints of established suburbs.
For a developer, these are the fundamentals that drive both margin and marketability: desirable land, a natural outlook, gentle topography that keeps civil costs manageable, and a location close enough to services that every lot is genuinely liveable from day one.
The Northern Growth Area the focus of $70.8 million in committed NSW Government and Council infrastructure investment, including a $21.23 million sewer capacity upgrade directly serving this corridor.
Wagga Wagga's residential land market continues to strengthen. The median finished lot price reached $315,000 in 2024/25, up 6.78% year on year. Rental vacancy sits at 0.6%, well below the 3% threshold considered indicative of a balanced market. Population is projected to grow from approximately 70,700 today to over 82,000 by 2046, underpinned by sustained investment in defence, health, education, and transport infrastructure.
Four existing dwellings are in place, providing holding income during the delivery phase.
Property Features:
- 74 hectares rezoned residential (R1 General Residential, Urban Release Area)
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Property Details for 9 River Rd, Gobbagombalin

9 River Rd, Gobbagombalin is a 13 bedroom, 5 bathroom House with 17 parking spaces. The place is currently for sale with Raine & Horne Double Bay/Bondi Beach.

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About Gobbagombalin 2650

The size of Gobbagombalin is approximately 39.5 square kilometres. The population of Gobbagombalin in 2016 was 474 people. By 2021 the population was 2184 showing a population growth of 360.8% in the area during that time. The predominant age group in Gobbagombalin is 30-39 years. Households in Gobbagombalin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gobbagombalin work in a professional occupation.In 2021, 68.00% of the homes in Gobbagombalin were owner-occupied compared with 73.90% in 2016.

Gobbagombalin has 1,566 properties. Over the last 5 years, Houses in Gobbagombalin have seen a 69.76% increase in median value, while Units have seen a 123.52% increase. As at 31 May 2026:

  • The median value for Houses in Gobbagombalin is $907,857 while the median value for Units is $769,342.
  • Houses have a median rent of $693 while Units have a median rent of $600.
There are currently 13 properties listed for sale, and 4 properties listed for rent in Gobbagombalin on OnTheHouse. According to Cotality's data, 183 properties were sold in the past 12 months in Gobbagombalin.

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Charlie Davies
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Raine & Horne Double Bay/Bondi Beach
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