91 Penola Road, Mount Gambier, SA 5290 | Land for sale | OnTheHouse
 
FOR SALE
Expressions Of Interest by 20th August 2026

91 Penola Road
Mount Gambier SA 5290

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Land area: 4275m2
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Prime CBD Development Opportunity

Expressions Of Interest by 12pm Thursday 20th August 2026 (Unless Sold Prior)
Positioned prominently along one of Mount Gambier's key thoroughfares, 91 Penola Road represents an unprecedented acquisition opportunity for visionary developers, astute investors, and strategic land bankers alike.
Spanning a massive 4,275 square metres within the vibrant Mount Gambier CBD precinct, this expansive vacant allotment offers scale, flexibility, and development potential (STCA).
What truly sets this allotment apart is its exceptional development readiness and prime frontage.
Essential infrastructure setup is already well underway, featuring its own dedicated water connection and a power pole situated right at the front boundary along Penola Road for immediate ease of access.
Location is everything, and this site commands an enviable position with maximum visibility and direct access via Penola Road.
Its prime position ensures effortless connection to Mount Gambier's central shopping districts, health facilities, professional services, and schools.
Land parcels of this magnitude in central Mount Gambier are increasingly scarce, providing an exceptional blank canvas and endless possibilities to craft a tailored masterplan to capitalise on strong regional growth.
Additional Property Information:
Land Size: 4275sqm
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Property Details for 91 Penola Rd, Mount Gambier

Building Type
Land
Land Size
4275m2
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About Mount Gambier 5290

The size of Mount Gambier is approximately 26.8 square kilometres. There are 114 parks, covering nearly 24.0% of the total area. The population of Mount Gambier in 2016 was 25512 people. By 2021 the population was 25591 showing a population growth of 0.3% in the area during that time. The predominant age group in Mount Gambier is 50-59 years. Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a community and personal service occupation.In 2021, 62.70% of the homes in Mount Gambier were owner-occupied compared with 61.30% in 2016.

Mount Gambier has 13,870 properties. Over the last 5 years, Houses in Mount Gambier have seen a 107.93% increase in median value, while Units have seen a 105.41% increase. As at 31 July 2026:

  • The median value for Houses in Mount Gambier is $578,108 while the median value for Units is $411,961.
  • Houses have a median rent of $475 while Units have a median rent of $360.
There are currently 108 properties listed for sale, and 50 properties listed for rent in Mount gambier on OnTheHouse. According to Cotality's data, 701 properties were sold in the past 12 months in Mount gambier.

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Leearna Roberts
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Ray White Mt Gambier
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