Albury Council protects village developers from price competition on land package

Oct 28 2007 Updated July 4, 2023

The Weekly Source

1 min read

The Albury Council went out of its way to make sure developers did not have to face the uncertainty of an auction to buy land for a village and aged care facility. The Council bought the land for both facilities from the Albury-Wodonga Corporation and then immediately on sold them to the developer at cost. They will now be integral to a $65 million development in the small township of Thurgoona, just northeast of Albury.

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