This article is from the Australian Property Journal archive
A 23.32-hectare landholding over three titles on Melbourne’s northern fringe is for sale.
The 2026 Donnybrook Road property in Yan Yean is being marketed by Paul Sutherland of Sutherland Farrelly and Rod Taylor of Ray White.
It is positioned around 2.5 kilometres of the existing Urban Growth Boundary and has a frontage to the southern side of Donnybrook Road and to Plenty Road, and adjacent to the Plenty Valley Cemetery and Growling Frog golf course.
The property is within a Green Wedge Zone subject to the Whittlesea Planning Scheme. Parts of the land are elevated, offering views of the Yan Yean Reservoir. Current improvements include a three-bedroom cottage and workshop.
The agents said they expect strong interest in the property given its future development potential, proximity to Melbourne CBD, location close to the existing Urban Growth Boundary and the outstanding views provided.
According to Oliver Hume research, median land prices in Whittlesea grew by 33.2% over the year to March, to $333,000. Melbourne’s average land price if $314,000.
Number 2026 is located at the eastern end of Donnybrook Road, along which land has been snapped up further to the west for residential projects including a 278 hectare site by Boral and Mirvac, next to Mirvac’s 187-hectare Olivine estate, while the Dennis Family Corporation launched its 5,000-lot Peppercorn Hill community in May.
Late last year, Chinese developer Blueways Holdings paid $100 million for a 208-hectare parcel at 960 Donnybrook Road with Wolfdene from CVC Limited and Villa World, which has potential for up to 2,000 homes and an end value of $800 million.
That followed Satterley Group’s $34 million purchase of a 68 hectare parcel at 1030 Donnybrook Road.
Australian Property Journal
