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Prime 20-Acre Landbank Opportunity on Melbourne's Growing South-East Fringe For Sale

35 Olive Road, Devon Meadows, VIC, 3977

Prime 20-Acre Landbank Opportunity on Melbourne's Growing South-East Fringe

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Published on Monday, March 30, 2026 ( See property details for 35 Olive Road, Devon Meadows, VIC, 3977)

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare 20-acre parcel of vacant land in Devon Meadows offering exceptional long-term growth and development potential within Melbourne's expanding south-east corridor.

🏡 Property Highlights

  • 20 acres of premium vacant land in a rapidly evolving suburb
  • Strategic Green Wedge Zone location with long-term development potential
  • Close proximity to upcoming Precinct Structure Plans and Melbourne's Urban Growth Boundary
  • Excellent accessibility to major roads, transport hubs, and amenities
  • High-growth corridor with significant infrastructure investment
  • Opportunity for landbanking, development, or rental income

✨ Key Features

  • Open-Plan Living
  • Waterfront / Views
  • Dual Living
  • Outdoor Area
  • Secure Parking
  • Home Office / Study
  • Balcony
  • Swimming Pool
  • Garage
  • Air Conditioning

Devon Meadows is a rapidly growing suburb in Melbourne's south-east, offering excellent connectivity to major transport routes, shopping centres, and educational institutions. The area is experiencing significant infrastructure and population growth, making it an ideal location for long-term investment. Residents enjoy a peaceful rural lifestyle with easy access to urban amenities. The suburb's proximity to future development precincts ensures substantial capital growth potential. Its strategic position within the Green Wedge Zone provides unique opportunities for landbanking and future redevelopment.

What are the future development prospects for this land?
The land is situated within the Green Wedge Zone and near several Precinct Structure Plans, offering significant long-term development potential subject to planning approval (STCA).
Is there existing infrastructure on the property?
As vacant land, there is currently no built infrastructure, but the property benefits from its strategic location near major roads, transport hubs, and amenities.
Can I build a residential dwelling or other structures on this land?
Building options are subject to local council regulations and zoning provisions within the Green Wedge Zone. Prospective buyers should consult with planning authorities for specific development guidelines.
What are the zoning restrictions for this property?
The property is zoned Green Wedge Zone (GWZ), which limits certain types of development but offers long-term growth and landbanking opportunities.
What is the current land use and potential for income generation?
Currently vacant, the land can potentially generate rental income if leased for agricultural or other compatible uses while awaiting development.
Are there any zoning restrictions or planning overlays that could affect future development plans? What are the potential costs associated with land clearing, site preparation, or infrastructure upgrades? Are there any easements, covenants, or restrictions registered on the title? Is the property prone to flooding, bushfire risks, or other environmental hazards? Are there any nearby construction or development activities that could impact the property’s value or livability? What are the council requirements and approval processes for future subdivision or development? Are there any existing services such as water, electricity, or sewer connected or available nearby? What are the long-term zoning plans for the surrounding area? Are there any strata or body corporate considerations if planning to develop multiple dwellings? What are the estimated costs for future infrastructure or development contributions?

35 Olive Road, Devon Meadows, VIC, 3977 - More Details

Prime 20-Acre Landbank Opportunity on Melbourne's Growing South-East Fringe

Seize a rare chance to secure 20 acres (approx.) of premium vacant land in the tightly held and rapidly evolving suburb of Devon Meadows. Offering exceptional long-term upside, this expansive parcel is perfectly positioned for astute investors, developers, and landbankers seeking to capitalise on Melbourne's next major growth frontier. Situated within the Green Wedge Zone under the Victorian Planning Authority, the property sits in close proximity to the Urban Growth Zone boundary and several major upcoming Precinct Structure Plans-including Devon Meadows PSP, Casey Fields South PSP, and Clyde South PSP. With Melbourne's south-east experiencing significant population and infrastructure expansion, this site is primed to benefit from future planning progression and development uplift (STCA). Located just 1 km from the Devon Meadows and Clyde PSPs and 15 minutes from the proposed South Eastern Airport, this rare landholding sits in a high-potential corridor set to transform in the years ahead. Within minutes, residents can access key lifestyle and essential amenities including Botanic Ridge Shopping Centre, Cranbourne Shopping Centre, Lighthouse Christian College, Casey Grammar, and the renowned Royal Botanic Gardens Cranbourne. Commuting is effortless with convenient access to the South Gippsland Highway, major road networks, and nearby transport hubs such as Cranbourne Railway Station. Property Highlights: Land Size: 20 acres (approx.) Zoning: Green Wedge Zone (GWZ) - offering unique long-term development potential Strategic Position: Moments from Melbourne's Urban Growth Boundary and key PSPs Exceptional Accessibility: Close to shops, schools, parks, major roads & transport Future Growth Potential: Ideally located for capitalising on population & infrastructure expansion Investment Opportunity: Significant future redevelopment prospects (STCA) Income Potential: Ability to generate attractive rental returns while landbanking This is a rare opportunity to secure a substantial landholding on the doorstep of Melbourne's next major growth corridor. With infrastructure investment increasing and development edging closer every year, 35 Olive Road, Devon meadows presents an outstanding strategic investment with exceptional long-term promise. Contact us now! Amit Bhatnagar 0499 977 441 [email protected] Davinder Thandi 0404 325 137 [email protected] Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document.

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