A local land banker has paid more than $15 million, sources say, for a 240-hectare piece of Anakie – a semi-rural area nestled 70 kilometres west of Melbourne’s outskirts, and just beyond Greater Geelong’s northern edge.

Not yet zoned for mass scale residential redevelopment – but surrounded by suburbs that are (Little River, Lovely Banks and Lara, among them), Anakie befits from having the Bacchus-MarshGeelong Road run through it, connecting Geelong to Melton.

Barwon Prison and the Marngoneet Correctional Centre are within the little-known suburb – which also encapsulates the Western Plantation portion of the You Yangs Regional Park.

Biggin & Scott Land directors Andrew Egan and Frank Nagle negotiated the off-market Anakie sale but declined to comment about any part of it when contacted.

Measured by area, the property is one of the largest to sell around outer Melbourne this year.

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