Expressions of interest
471 Cambridge Road & 528 & 540 Pass Road,
Mornington 7018, Tasmania
Greater Hobart's Best Residential Subdivision Opportunity
RWC Tasmania announces the appointment to sell Mornington Park Estate; a 5.753 hectare* Eastern Shore landholding which arrives at market carrying a Council-endorsed Specific Area Plan, a concurrent Stage 1 subdivision approval, and a contracted pre-commitment from Clarence City Council itself.
Opportunities of this scale and planning certainty rarely reach the Hobart market and when they do, they don't last. This is not a speculative land play. Across 5.753 hectares* and three titles in the heart of Clarence, one of Greater Hobart's four designated priority growth corridors, the planning heavy-lifting has already been done: a Council-approved Specific Area Plan (SAP), a concurrent Stage 1 subdivision approval, a Council pre-commitment to purchase, and a clear, defined pathway to full residential delivery.
THE OFFERING AT A GLANCE
+ 5.753 ha* across three titles, dual frontage to Cambridge Road and Pass Road
+ Unanimous Council approval to rezone from Rural Living B to General Residential, Local Business and Open Space (subject to final TPC approval)
+ Estimated yield of 150-200 dwellings* if the SAP is not locked to a masterplan - with a 112-dwelling* baseline under the structure-plan scenario
+ Stage 1 subdivision approved - works can commence immediately on TPC approval, with a 3-year completion window
+ Clarence City Council - pre-committed sale as part of stage 1, for 7 lots or 10 dwellings at market value for additional POS.
+ Holding income of $62,900* p.a. from two leased dwellings on the balance lot during approvals and early works
WHY THIS SITE STANDS APART
+ Council has skin in the game. Clarence City Council has executed a Deed to acquire the public open space component (above the 5% statutory minimum) at retail value less development costs, an immediate pre-commitment equivalent to 7 lots / 10 dwellings* within Stage 1.
+ Maximum development flexibility. Council's modification potentially removes reliance on the submitted masterplan, a purchaser has the freedom to redesign future stages, lot configuration, density and product mix to suit the market.
+ Whole-of-site infrastructure designed. A five-stage civil services plan (roads, stormwater, sewer, utilities) has been fully engineered by JMG across the entire site, constructability and sequencing confirmed from day one.
+ Constraints removed. The Waterway & Coastal Protection Overlay has been resolved off the majority of the residential footprint, clean, unrestricted residential zoning.
+ A defined delivery obligation. The only binding commitment is completion of Stage 1 within three years of TPC approval, everything beyond is yours to shape.
A LOCATION UNDERPINNED BY DEMAND
+ Mornington sits on Hobart's Eastern Shore, approximately 9km* from the CBD, 9.8km* from Hobart International Airport and 4.4km* from Eastlands, one of Greater Hobart's most connected and self-sufficient residential corridors.
+ Clarence is Tasmania's fastest-growing LGA by absolute population, forecast to add ~12,218* residents to 2053
+ A designated priority LGA under the Greater Hobart Urban Growth Boundary expansion (confirmed May 2025) and the State's 10,000-home target, backed by the $1.5bn* Homes Tasmania program
+ Mornington Median house price circa $706,000*, annual growth of 8-12%*, and just ~14 days* on market, providing the perfect scenario of tight supply and strong buyer confidence
+ A deep stack of demand-side tailwinds: First Home Owner Grant, MyHome Shared Equity, Help to Buy, and interest-free headworks loans of up to $1m* per medium/high-density project
A decade of planning, delivered. A site this complete, in a corridor this constrained, does not stay off-market for long. We invite your early, confidential interest on Greater Hobart's standout residential landholding.
For Sale by Offer
Opportunities of this scale and planning certainty rarely reach the Hobart market and when they do, they don't last. This is not a speculative land play. Across 5.753 hectares* and three titles in the heart of Clarence, one of Greater Hobart's four designated priority growth corridors, the planning heavy-lifting has already been done: a Council-approved Specific Area Plan (SAP), a concurrent Stage 1 subdivision approval, a Council pre-commitment to purchase, and a clear, defined pathway to full residential delivery.
THE OFFERING AT A GLANCE
+ 5.753 ha* across three titles, dual frontage to Cambridge Road and Pass Road
+ Unanimous Council approval to rezone from Rural Living B to General Residential, Local Business and Open Space (subject to final TPC approval)
+ Estimated yield of 150-200 dwellings* if the SAP is not locked to a masterplan - with a 112-dwelling* baseline under the structure-plan scenario
+ Stage 1 subdivision approved - works can commence immediately on TPC approval, with a 3-year completion window
+ Clarence City Council - pre-committed sale as part of stage 1, for 7 lots or 10 dwellings at market value for additional POS.
+ Holding income of $62,900* p.a. from two leased dwellings on the balance lot during approvals and early works
WHY THIS SITE STANDS APART
+ Council has skin in the game. Clarence City Council has executed a Deed to acquire the public open space component (above the 5% statutory minimum) at retail value less development costs, an immediate pre-commitment equivalent to 7 lots / 10 dwellings* within Stage 1.
+ Maximum development flexibility. Council's modification potentially removes reliance on the submitted masterplan, a purchaser has the freedom to redesign future stages, lot configuration, density and product mix to suit the market.
+ Whole-of-site infrastructure designed. A five-stage civil services plan (roads, stormwater, sewer, utilities) has been fully engineered by JMG across the entire site, constructability and sequencing confirmed from day one.
+ Constraints removed. The Waterway & Coastal Protection Overlay has been resolved off the majority of the residential footprint, clean, unrestricted residential zoning.
+ A defined delivery obligation. The only binding commitment is completion of Stage 1 within three years of TPC approval, everything beyond is yours to shape.
A LOCATION UNDERPINNED BY DEMAND
+ Mornington sits on Hobart's Eastern Shore, approximately 9km* from the CBD, 9.8km* from Hobart International Airport and 4.4km* from Eastlands, one of Greater Hobart's most connected and self-sufficient residential corridors.
+ Clarence is Tasmania's fastest-growing LGA by absolute population, forecast to add ~12,218* residents to 2053
+ A designated priority LGA under the Greater Hobart Urban Growth Boundary expansion (confirmed May 2025) and the State's 10,000-home target, backed by the $1.5bn* Homes Tasmania program
+ Mornington Median house price circa $706,000*, annual growth of 8-12%*, and just ~14 days* on market, providing the perfect scenario of tight supply and strong buyer confidence
+ A deep stack of demand-side tailwinds: First Home Owner Grant, MyHome Shared Equity, Help to Buy, and interest-free headworks loans of up to $1m* per medium/high-density project
A decade of planning, delivered. A site this complete, in a corridor this constrained, does not stay off-market for long. We invite your early, confidential interest on Greater Hobart's standout residential landholding.
For Sale by Offer
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Contact Claude Alcorso
Contact Claude Alcorso
Claude Alcorso
471 Cambridge Road & 528 & 540 Pass Road, Mornington TAS 7018
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Claude Alcorso
471 Cambridge Road & 528 & 540 Pass Road, Mornington TAS 7018