Lake Munmorah Subdivision
Central Coast
NSW, Australia
Investing in Lake Munmorah and the Central Coast region presents a compelling opportunity to capture strong growth dynamics within Australia’s surging regional housing markets. Facing a significant national housing shortage, government targets for land release and housing supply in the Central Coast are falling short, indicating sustained undersupply pressures.
The Central Coast Council reports it is the third largest Local Government Area in New South Wales and among the fastest growing. Forecasts predict over 400,000 residents by 2041, requiring over 50,000 new dwellings.
Supported by a diversified economy, proximity to Sydney, major freight corridors, and a skilled workforce, the Central Coast economy is projected to grow by $21 billion AUD over the next two decades, with an expected 72,000 new jobs created.
Lake Munmorah, in particular, offers exceptional lifestyle appeal with its coastal setting, natural amenities (beaches, lake access, recreational activities), and key services — all within reach of Newcastle and Sydney. This makes it an attractive residential market with growing appeal for owner-occupiers and investors alike.
-
Lakes Ridge Estate is entering the final stages of securing development approval for a 288-lot master-planned subdivision. This opportunity specifically relates to 50 fully serviced residential lots across 3.678 hectares.
-
Timeframe
DA Approval: Expected May 2025
Civil Construction: Approx. 6–9 months post-approval
Dwelling Construction: 9–12 months thereafter
Total Project Delivery: Approx. 2–3 years
-
The Development Application is currently under assessment by the Central Coast Council, with progression to the Joint Regional Planning Panel expected in May 2025.
All project partners have co-committed funding for:
Intersection upgrades (Kangaroo Avenue and Tall Timbers Road)
Biodiversity certification
Development of collector road infrastructure
Drainage basins and public parklands
-
Using a raw development feasibility, assuming land sales at $1,200/m² and contributions of $1.63 million AUD toward shared infrastructure:
Projected profits:
$17 million AUD from construction and sale of completed dwellings.
Projected House Construction & Sales Assumptions:
Build 33 x 4-bedroom homes at $400,000 each, sold at $1.1m–$1.15m per dwelling.
Build 34 x 4-bedroom duplexes at $350,000 each, selling at $995k–$1.05m per duplex.
These projections are based on current 2025 market values and do not assume future price growth.
The Opportunity
This opportunity is located within a significant rezoning precinct, this site forms part of a consortium-driven master plan. Urban Land Redevelopment (ULR) owns 3.678 hectares, providing 50 residential lots — with design flexibility for both detached homes and duplexes.
8 lots allow for semi-detached duplex construction (separately titled after build).
9 lots permit attached duplex developments.
Capacity for 67 dwellings across the site.
Shared consortium obligations include road upgrades, biodiversity certification, local park development, and shared drainage infrastructure.
Development Schedule
-
Lakes Ridge Estate is entering the final stages of securing development approval for a 288-lot master-planned subdivision. This opportunity specifically relates to 50 fully serviced residential lots across 3.678 hectares.
-
Approx. $17 million AUD (projected from construction and sale of completed homes).
-
Gross Realised Value (GRV): Approx. $71.9 million AUD (house and land packages).
Project Timeframe: Approx. 3 years for land subdivision and dwelling construction.
Land Purchase Price: N/A – the land is currently held by the developer under long-term ownership.
Development Cost (Excl. interest/land): Approx. $14,000,000 AUD
-
Potential to build homes on each lot for sale upon completion or to retain as high-yield rental stock.
Future yield increases possible through manor house developments (subject to design and council approval).
This investment opportunity is highly flexible — options include lending, co-investment, equity participation, or joint venture.
-
![]()
Lake Munmorah: Site Overview
