Dubbo Regional Council (DRC) has now launched the new Keswick Estate website advertising the 52 unregistered blocks of land that will go to auction next month.
The auctions will be run as a hybrid style, both online and in person at the Western Plains Cultural Centre (WPCC).
Mayor of Dubbo Regional Council Mathew Dickerson said Council resolved to sell the land via an auction with the anticipation of yielding a better result for the community purse. "An auction method is a fair and equitable process to follow and everyone has the same access to the sale. The auction will also provide Council the opportunity to achieve the highest yield, which in turn will help the bottom line," said Councillor Dickerson.
"We know housing availability is a key issue for the broader state and Dubbo is experiencing our own pressures in this area. Releasing 52 blocks of land will provide opportunities for those who are looking to build their own home," said Mr Dickerson.
The 52 blocks, including 4 (four) dual lots will be auctioned over 3 (three) dates.
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Auction 1: 10:30am, 14 October 2022
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Auction 2: 10:30am, 21 October 2022
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Auction 3: 10:30am, 28 October 2022
Dubbo Regional Council has engaged local auctioneer, Richard Tegart from Ray White Dubbo following an expressions of interest (EOI) period. Richard has over 27 years' experience in the real estate industry.
DRC's Manager Property and Land Development, Cristina Pahl said there has been a lot of community interest in the latest release. "We have had a Keswick Estate e-mail update form on Council's website for some time now and we have seen almost 200 register their interest. We are excited to see these latest blocks become people's homes in the future.
"Just like previous Keswick land releases, there will be some terms and conditions for the auction process, including a 2-lot restriction for each buying entity and its related parties. This is to encourage the most equitable and accessible buying environment for all parties," said Ms Pahl.
Interested buyers are encouraged to visit the Keswick Estate website to view the parcels of land and also register to bid on each block. Potential bidders will undergo a one off bidder approval process. More information is available via the website or phone the Customer Experience Team 6801 4000.
