Rosehill Golf Estate rezoned from Rural to Urban. Over 4700 petitions and an action group couldnt stop it. The guy made a quick $70million
Paid peanuts for the golf course, now 700+ lots. Easy 100k profit per lot (my wife works for Stockland and this is roughly their profit on one estate)
That land was private. Council didn't want to buy it for POS so it was put up for sale by the Galatti family.
If Handle Property Group didn't buy it, someone else would have.
It was identified in "Perth & Peel @ 3.5m" for urban infill - the government want it infill as a matter of State Policy.
Every single government and NGO agency consulted agreed with the proposal to become Urban - except the Airport - which has a mandate to oppose ANYTHING within an ANEF contour.
I'm directly involved with this and our outcome is far superior to those 'other' subdivision business models out there.
700+ lots is a maximum scenario. Minister has suggested max R20.