50.35 hectares of prime Residential development land on a single title contained within the Lake Narracan Precinct Structure Plan.
Benefiting from an already established Residential (GRZ) Zoning and picturesque lake backdrop, this fabulous parcel of land bolts onto the current development being undertaken on the southern boundary of the property.
Ideally located in Central Gippsland and just an hours drive from outer suburban Melbourne, this property is well positioned to cater for future residential housing demand with a wide range of service availability, V-Line transport and M1 Freeway access just minutes away.
With a current population of 77,000 approx people in the greater Latrobe region, extremely low residential vacancy rate and affordable land, buyers and investors are successfully combining lifestyle options with affordability in their purchasing of property within the area.
The opportunity to land bank or move quickly towards the development stage highlights the property's flexibility in one of Victoria's high performing regional markets.
The size of Newborough is approximately 19.5 square kilometres. There are 27 parks, covering nearly 7.8% of the total area. The population of Newborough in 2016 was 6763 people. By 2021 the population was 6886 showing a population growth of 1.8% in the area during that time. The predominant age group in Newborough is 20-29 years. Households in Newborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newborough work in a trades occupation.In 2021, 70.90% of the homes in Newborough were owner-occupied compared with 69.60% in 2016.
Newborough has 4,281 properties. Over the last 5 years, Houses in Newborough have seen a 47.64% increase in median value, while Units have seen a 57.17% increase. As at 31 August 2026:
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