Raine & Horne Land Victoria is pleased to present a 60.83ha* strategic development site in the Ballarat North PSP, supported by a concept masterplan of approximately 984 lots plus a Neighbourhood Activity Centre [NAC]. This is a unique development opportunity offered as three separate properties to be sold individually or as one, located in the Ballarat North PSP. The site will be sold subject to PSP approval which is due to be gazetted by June 2026, representing an increasingly rare opportunity to acquire development-ready, serviceable, PSP-approved land.
1: 88 Olliers Rd Mt Rowan - 29.89 hectares set on two lots
2: 15 Olliers Rd Mt Rowan - 5.75 hectares set on two lots
The 60.83ha site (53.22ha net developable) offers a rare chance to secure a large-scale development site in the coveted Mount Rowan precinct. The site is adjacent to Ballarat Grammar's second campus, with strong growth figures and proximity to key regional infrastructure. The concept masterplan from Spiire details a net developable area of 53.22ha with a lot yield of 984 lots at 20 dwellings/ha [Low Density at 16-17Dw/HA + MD at 25 Dw/HA].
Key Highlights:
Institutional-scale site: 60.83ha (53.22ha NDH*), suitable for a range of future development opportunities (STCA).
Concept masterplan: Approximately 984 lots plus local NAC
No Windfall Gains Tax.
Supported by concept masterplan: Technical studies confirm 53.22ha NDH*, optimising land use while accounting for drainage and infrastructure requirements.
Immediately developable with trunk sewer main directly adjacent to the site, already sized for the site.
Prime Ballarat location: Just 6 km* (8 minutes) from Ballarat CBD, with a future primary school directly across from the site and the NAC located within the site.
Surrounded by high-profile developers: Adjacent to Ballarat Grammar and future sports reserve.
Excellent connectivity: Direct access to Western Freeway and Midland Freeway, providing connectivity to Melbourne in 90 minutes.
Significant development potential: Ideal for residential, mixed-use and commercial development, subject to planning approval.
Please note: The sale explicitly excludes the heritage house and the 2,000m of land immediately surrounding it.
Enquiries:
For more information, inspections, and access to the Electronic Data Room, please contact:
Kevin Paghdar | +61 426 510 510 | kevin.p@landvictoria.rh.com.au
Charanpreet Sandhu | +61 432 712 304 | c.sandhu@landvictoria.rh.com.au
Rizul Sharma | +61 424 366 555 | rizul.s@landvictoria.rh.com.au
Sagar Bhaliya | +61 426 992 493 | sagar.b@landvictoria.rh.com.au
Ballarat North PSP: https://vpa-web.s3.amazonaws.com/wp-content/uploads/2025/09/Ballarat-North-PSP-%E2%80%93-Draft-Land-Valuations-Report-EY-Parthenon-August-2025.pdf
Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist
The size of Mount Rowan is approximately 8.6 square kilometres. There is 1 park, covering nearly 0.6% of the total area. The population of Mount Rowan in 2016 was 294 people. By 2021 the population was 295 showing a population growth of 0.3% in the area during that time. The predominant age group in Mount Rowan is 10-19 years. Households in Mount Rowan are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Rowan work in a professional occupation.In 2021, 91.60% of the homes in Mount Rowan were owner-occupied compared with 86.10% in 2016.
Mount Rowan has 145 properties. Over the last 5 years, Houses in Mount Rowan have seen a 17.51% increase in median value. As at 30 April 2026:
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