9 River Road, Gobbagombalin NSW 2650

9 River Road, Gobbagombalin presents a rare opportunity to acquire one of the largest rezoned residential land holdings to come to market in regional New South Wales in recent years.

Comprising two parcels totalling approximately 74 hectares, the property has been rezoned from rural to residential under the Wagga Wagga Local Environmental Plan 2010 and carries an Urban Release Area designation, placing it within the city's committed long-term growth corridor. With rezoning complete, an incoming owner can proceed directly to subdivision planning and infrastructure delivery.

Due diligence indicates a yield potential of 300 to 500 residential lots, with an optimal range of 400 to 440 lots, supporting a master-planned community outcome of genuine scale. Approximately 40 hectares sits above the flood line and is available for residential development. The balance - approximately 34 hectares of floodplain - provides substantial open space and amenity within the overall landholding.

The land itself is among the most desirable in the Wagga Wagga growth corridor. Gently elevated with a gradual slope, it offers natural drainage, ease of civil construction, and the ability to create streets and allotments with outlook and amenity that flat land simply cannot deliver. Panoramic views extend across the Murrumbidgee River valley and surrounding landscape, providing a point of distinction that will support premium lot pricing at the sales stage. Proximity to the CBD - approximately 5km - places this well within the range buyers and renters actively seek, without the density constraints of established suburbs.
For a developer, these are the fundamentals that drive both margin and marketability: desirable land, a natural outlook, gentle topography that keeps civil costs manageable, and a location close enough to services that every lot is genuinely liveable from day one.
the Northern Growth Area the focus of $70.8 million in committed NSW Government and Council infrastructure investment, including a $21.23 million sewer capacity upgrade directly serving this corridor.

Wagga Wagga's residential land market continues to strengthen. The median finished lot price reached $315,000 in 2024/25, up 6.78% year on year. Rental vacancy sits at 0.6%, well below the 3% threshold considered indicative of a balanced market. Population is projected to grow from approximately 70,700 today to over 82,000 by 2046, underpinned by sustained investment in defence, health, education, and transport infrastructure.
Four existing dwellings are in place, providing holding income during the delivery phase.

Property Features:
- 74 hectares rezoned residential (R1 General Residential, Urban Release Area)
- Approximately 40 hectares above flood line, available for development
- 300-500 lot yield potential, optimal 400-440 lots
- Elevated, gently sloping land with panoramic views to the Murrumbidgee River
- Natural drainage characteristics favourable for civil construction
- Approximately 5km to Wagga Wagga CBD
- Approximately 32 hectares of floodplain providing open space amenity
- Four existing dwellings providing holding income
- $70.8M committed infrastructure investment in the Northern Growth Area
- Established and planned school zones, retail precincts, and community facilities nearby

The property is offered for sale by Expression of Interest closing Thursday 25 June 2026.
An Information Memorandum is available to qualified parties upon request.