47-hectare Englobo landholding offered to developers within the Launceston catchment
One of Northern Tasmania’s most significant englobo development opportunities has been brought to market, with the release of Lot 1 Drummond Street, Perth; a 47.24-hectare landholding widely regarded as the last major undeveloped parcel within the township of Perth.
Marketed by Doug Marshall from Elders Real Estate Launceston, the property is being offered for sale by Expressions of Interest closing Wednesday 1 July 2026 at 5pm (AEST). Zoned Future Urban, the site carries scope for both residential and commercial development and has been earmarked by the Northern Midlands Council as a high priority for rezoning under the Perth Structure Plan.
Lot 1 Drummond Street, Perth
Located on the southern fringe of Perth, the land is bordered by the Midlands Highway to the south and Drummond Street to the north, placing it roughly 20 kilometres or 15 minutes drive, from the regional city of Launceston via the dual-lane highway. The connection has effectively made Perth a satellite suburb of greater Launceston, and demand for housing in the town has consistently outstripped supply.
The parcel sits at the heart of the Council’s South Perth Outline Development Plan, a concept designed to accommodate a major share of the town’s growth across residential, commercial, open space and community uses. With recent local releases such as the nearby Skyeview Estate now around two-thirds complete, the offering invites developers to play a defining role in Perth’s next stage of growth.
Lot 1 Drummond Street, Perth
The land is currently leased to a local primary producer for grazing, helping to offset holding costs through the planning and early development phases. The sale comes against a strong Tasmanian backdrop, with the state recording $1.695 billion in property sales for the September 2025 quarter, up 13.3% year-on-year; and a median house price of $640,000, 8.5% higher than a year earlier.
“This is a genuinely rare offering. It’s the last major piece of Perth still to be developed, in a town that simply hasn’t been able to keep up with demand for new housing,” said Doug Marshall of Elders Real Estate Launceston.
“With Future Urban zoning, Council backing for rezoning and a location that puts you 15 minutes from Launceston, it’s an opportunity for a developer to shape the future of the town while benefiting from one of the strongest property markets in the country.”
Inspections are strictly by appointment. Additional information including the contract of sale, lease documentation and the Perth Structure Plan; is available to interested parties from the selling agent.
Proposed Development Mix
- Address: Lot 1 Drummond Street, Perth TAS
- Land area: 47.24 hectares
- Zoning: Future Urban (residential and commercial scope)
- Sale method: Expressions of Interest
- EOI closes: Wednesday 1 July 2026 at 5pm (AEST)
- Current use: Leased for grazing (primary production)