As Victoria’s regional centres continue to evolve into thriving urban alternatives, a major landholding in the Albury-Wodonga corridor has come to market, offering a rare opportunity to shape the future of one of the state’s most strategically located growth areas.
The 65-hectare site at 92 Martins Road, Leneva - on the doorstep of Wodonga and within the approved Leneva-Baranduda Precinct Structure Plan, has been released under receivership, with the potential to deliver more than 500 residential lots, a government primary school, community facilities, and expansive green space. It’s a development blueprint that reflects the scale and ambition of regional planning in 2025.
Zoned Urban Growth and bordered by conservation land, the site is expected to attract a wide range of interest from institutional developers to retirement living operators keen to capitalise on the region’s rising population and infrastructure investment.
Cameron Zamora, Hamish Burgess and Leon Ma of Cushman & Wakefield, appointed by receivers and managers Grant Thornton, are managing the sale and sees the offering as a standout in the current market.
“Albury-Wodonga continues to attract investment, supported by population growth, connectivity, and a strong planning framework,” said Cameron Zamora. “This landholding represents a major opportunity in one of Victoria’s most active and strategically located regional growth areas.”
Hamish Burgess, added: “With approximately 40 hectares of developable area, the scale and flexibility of this site will appeal to a broad spectrum of buyers - from residential developers to land lease and aged care operators.
“The Albury-Wodonga region has long been earmarked for growth, but recent years have seen that vision accelerate. As housing affordability pressures persist in metropolitan areas, and as remote work and lifestyle shifts continue to drive demand for regional living, sites like this are no longer peripheral - they are pivotal”.
Regional growth gets a boost as strategic landholding in the Albury/Wodonga Region hits the market
Jess Freeman • 01/08/2025
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
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