Silverstone sells Oakville site with 51-lot approval for A$14.5m

Silverstone offered the site to the market with its approval already in place, the outlet reports. The buyer is not named in the article, so who now holds the land and what they plan to build are not known from the source.

The outlet says the contract was exchanged unconditionally after a competitive expressions of interest campaign run by CBRE agents Ray Ahsan and Lord Darkoh. Mr Darkoh said the campaign drew strong interest from developers seeking residential land across Western Sydney, according to the report.

Mr Ahsan is quoted as commenting on how developers weigh project margins, funding costs and the deployment of capital, saying developers were becoming increasingly disciplined in assessing opportunities.

The numbers

Real Estate Source puts the price at about A$284,000 per approved lot. That matches the arithmetic: A$14.5 million divided by 51 lots is about A$284,000 a lot.

The article also traces the site’s recent sale history. It reports that Silverstone Project Seven bought the land in February 2024 for A$13 million, and that it had sold for A$8.1 million in May 2022. On those figures, the A$14.5 million result is about 11.5% above the February 2024 price, our calculation from the outlet’s two numbers. The report does not say what changed between those sales, and this article does not infer a cause.

The outlet also reports that the site is planned for development in three stages, and that alternative arrangements included lot retention and deferred payments. It does not say whether the final contract used any such terms.

Item	Figure reported
Sale price	A$14.5 million
Approved lots	51
Price per approved lot	about A$284,000
Site area	2.02 hectares
Zoning	R3 Medium Density Residential
February 2024 sale	A$13 million
May 2022 sale	A$8.1 million

Real Estate Source also notes that in 2025 Hawkesbury City Council agreed to buy a 445.5 square metre portion of the site for road widening and a roundabout. The article does not state whether that portion is included in the 2.02 hectare figure or the 51 lots.

What’s next

The source does not give a settlement date, a buyer or a construction timetable, so the next confirmed step is not yet public.

Readers tracking Western Sydney land should watch for a buyer being identified and for any lodged changes to the subdivision approval. Neither is reported in the source, and this article does not suggest either will occur.

Figures in this article come from Real Estate Source’s report of 5 November 2026. We have not seen the contract or council records, and the details above should be read as the outlet’s account of the deal.

Related: Dalmore Park precinct DA at Maitland.

The Australian Developer