Kiama Council is pleased to announce all 5 of the Council-owned lots at Glenbrook Drive, Kiama have now sold. The lots passed in at auction in late October.
The 5 lots, which were connected to power, water and sewerage, have sold for a cumulative total of $4.365 million. Exchange and settlement will occur in the coming weeks.
Kiama Mayor Cameron McDonald said the sale marked a major milestone for Council's land strategy and financial sustainability.
"Getting the covenant lifted so we could put these 5 blocks on the market was a huge achievement in our Council's Advocacy Plan. Selling the properties so that local families can build and live here is also another small step towards achieving our housing targets."
Council CEO Jane Stroud said she was delighted with the sales, including one to a local nurse who had been keen to buy in the LGA.
"Knowing this property has sold to a local key worker so they and their family can put down roots in our fabulous LGA is so satisfying. This is what makes our job worth doing."
"Once again, we thank the NSW Government for their assistance in getting the covenant lifted so we could achieve market prices for these lots. This success reflects sustained effort across multiple elected councils, including the work of dedicated staff, Councillors past and present, and key partners across government."
