The Eurobodalla Shire Council is proposing to sell a 414,420 m2 lot at Dalmeny.
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Councillors will decide whether to approve the proposal at tomorrow's council meeting.
The land proposed for sale was referred to as 16 Tatiara Street and was classified as Operational land, part of the Dalmeny Urban Release Area.
The land also backs onto Elanora Street, Thomson Parade and Lonsdale Parade.
Council staff reported the land had been zoned for residential development for over 30 years.
The council's reason to sell the land was to increase affordable housing at a time when there was a critical shortage of both rentals and owner occupied.
The council reported the real estate market within the Eurobodalla shire was experiencing strong growth, along with other areas of NSW and Australia.
"This has placed pressure on the supply of residential land, impacting on affordability," the council said.
"The demand for residential land and housing is expected to continue, fueled further by major infrastructure proposals including the Moruya Bypass and Eurobodalla Regional Hospital.
"As the owner of the land, council has the opportunity to make the land available to the development sector to assist in meeting demand.
"Sale of the land now will also facilitate the orderly planning of the release area in coordination with adjoining land parcels, currently being considered for development."
The council stated it was unable to undertake land development of this scale itself, so it was considered the private sector would be best placed to develop the land to meet market demand.
In the report by the financial department, the council said land would be marketed by a commercial real estate agent and a valuation report from a registered valuer has been obtained: "this will be used to guide sale price negotiations in accordance with Council's Land Acquisition and Disposal Policy."
A large group met councillor Pat McGinlay at Dalmeny on Sunday afternoon to talk about the proposed land sale and residential development.
It was an informal meeting organised by councillor McGinlay to hear residents' views on the proposal before Tuesday's council meeting.
Some community members were angered over the council's legislation which stated there were "no requirements to advise the community through public notice or to seek feedback through public exhibition of land dealings concerning operational land".
To read the proposal, view the agenda of Tuesday's council meeting - CLICK HERE.
