Victorian Police Association Sells 46.5 Hectare Coldstream Site

THE Police Association has snaffled a reported $2 million from the sale of a 46.5 hectare block of land abutting the outer north-eastern township of Coldstream.

The site (pictured, right), which was marketed throughout the summer by agency RT Edgar as “The Police Block”, is currently used for grazing – but is said to have attracted interest from developers, and land bankers, being on the edge of the Urban Growth Boundary.

Melbourne’s UGB – a controversial invisible line dividing where builders can and can’t develop – was revised several times by the previous state government, much to the delight of developers who bought land cheap, outside the zone gambling when the government would run out of room to zone as housing, and need them.

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