A 40 hectare (100 acres) residential landholding in Wilton has sold for around $100 million to a local private developer after a highly competitive campaign led by Colliers’ Joe Sacco and Joseph Lin on behalf of vendor Risland Australia.
Approved for 362 residential lots plus residual land, the property sits within South West Sydney’s rapidly expanding Greater Macarthur growth corridor and represents one of the region’s most significant englobo transactions in months.
Generating more than 120 enquiries and multiple competitive offers in the initial round, the campaign attracted strong interest from a broad mix of institutional groups, private developers, interstate buyers and offshore capital.
“This transaction demonstrates just how intensely contested major DA-approved land sites have become,’’ says Joseph Lin, the Colliers national director for Asia markets.
“With large scale opportunities of this nature increasingly scarce, and as with smaller development parcels continuing to fragment, groups are targeting land that can feed their future housing pipelines,” he said.
Located adjacent to the established Wilton Greens, the landholding benefits from strategic proximity to the Hume Motorway, Picton Road, Campbelltown, Wollongong and the Western Sydney Aerotropolis.
Government forecasts indicate Wilton will accommodate more than 40,000 residents and up to 15,000 new jobs upon completion, positioning it as one of NSW’s most important future townships.
“The level of competition throughout the campaign reflects a broader trend we’re seeing across South West Sydney,’’ says Joe Sacco, Colliers director for Sydney metro sales and investment services.
“As englobo and greenfield sites remain highly resilient, these opportunities continue to draw deep pools of capital from both domestic and offshore buyers.
“Wilton’s growth fundamentals, backed by the region’s substantial infrastructure investment and master planned expansion, made this asset one of the standout opportunities in the market,” he said.
This sale marks the second major South West Sydney land transactiona completed by Colliers in the past 12 months, reinforcing sustained momentum across the region’s greenfield development market.
With ongoing population growth, limited availability of large developable parcels and continued competition among developers, this transaction highlights strong confidence in the long term trajectory of the Greater Macarthur and South West Sydney growth areas.