A major development site in Leppington has transacted off-market for $48 million, reinforcing ongoing demand for serviced residential land across South West Sydney’s growth corridor.
The 7.64-hectare* landholding comprising four titles within the Stage 5 Leppington precinct was acquired by Crownland Developments on behalf of a high-net-worth private investor. The site represents approximately 27% of the overall stage 5 precinct.
The transaction was brokered by Andrew Sukkar, Partner of ReVest Property Group, who noted the continued depth of demand for development-ready sites amid tightening supply conditions.
“Opportunities of this scale, particularly sites that are zoned and serviced within established growth precincts, are becoming increasingly scarce,” Sukkar said.
The sale comes as South West Sydney faces mounting pressure to deliver housing, with the region forecast to accommodate an additional 363,000 residents by 2041 across the Camden, Liverpool, Wollondilly and Campbelltown LGAs.
Ongoing delays in critical infrastructure delivery - including sewer and water servicing - continue to restrict the release of development-ready land, intensifying competition for sites across key growth areas such as Leppington.
The transaction further reflects confidence in the region’s long-term fundamentals, underpinned by more than $25 billion in committed infrastructure investment, including the Western Sydney International Airport, due to open in October 2026.
