It would be a significant addition to the Northam townsite, with just 31 blocks of land sold last year, according to a Reiwa report.
It could also fuel further increases in the median house price, which rose 7 per cent last year from $252,000 in 2012 to $270,000.
The 15.4334ha landholding at Lot 202 Crorkan Road includes conditional subdivision approvals for 184 single residential lots and features a 545m western frontage to Crorkan Road.
Jones Lang LaSalle agents Matthew Monaco and Nigel Freshwater said the land offered a strategic opportunity given growth in the Central Wheatbelt.
‘The site, 1km from the city centre, is well-positioned immediately abutting the southern fringe of the Northam town site,’ Mr Monaco said.
‘Northam is set to become the major regional centre in the Central Wheatbelt, with population growth forecast to almost triple to 20,000 by 2031.’
Head of sales and investments WA Nigel Freshwater said $8.4 million in SuperTown funding Northam had attracted was proof of Northam’s future growth.
‘Northam will also benefit from the construction of LandCorp’s 203ha Avon Industrial Park, which will serve as a key service point for the rural, resources and mineral processing markets,’ Mr Freshwater said.