Scarce industrial and residential land parcels present rare development opportunities
Newcastle, April 2025 – A unique auction event will take place on the 30th of April, where three land holdings positioned for development will go under the hammer. These properties provide developers and investors with a rare opportunity to secure land in high-demand areas with limited supply for their respective zonings.
The Newcastle region is experiencing significant growth, driven by limited industrial land and strong demand for residential development. Industrial land shortages, particularly in key areas like Heatherbrae and Cameron Park, are fueling interest from developers and investors seeking well-located sites. Residential development is also on the rise, with Newcastle undergoing a transformative urban renewal, supported by progressive planning initiatives and infrastructure upgrades that are reshaping the city. This combination of factors makes strategically positioned development sites increasingly valuable.
Three notable properties set for auction present rare opportunities in this high-demand environment. 20 Camfield Drive, Heatherbrae, offers 7,467sqm* of E4 General Industrial-zoned land, benefiting from strong transport connectivity and ideal for industrial operations (STCA). 83 Stenhouse Drive, Cameron Park, is a 10,400sqm* heavy industrial site with dual street frontages, located in one of Newcastle’s most sought-after industrial precincts. 46 Hebburn Street, Hamilton East, is a 927.31sqm* R3-zoned corner site, identified as a priority area for residential development, situated near key amenities, transport links, and TAFE NSW Hamilton, offering strong potential for mixed-use or residential projects (STCA).
"In a market where land is in short supply and demand continues to surge, opportunities like these are becoming increasingly rare," said Benjaman Morello, Industrial Senior Executive. "The Newcastle region is experiencing a wave of growth, and securing development sites in key locations has never been more important for those looking to capitalise on the region’s future," added Ryan Lippiatt, Industrial Senior Executive.
"Adding to this is the increased demand for residential development in the city fridge, driven by the city’s transformation and urban renewal. Sites with mixed-use or residential potential are highly sought after, particularly in areas earmarked for growth such as Hamilton," commented Jared Harris, Commercial Director at Commercial Collective.
