Narangba land trades at $1.4m per hectare amid strong demand for residential opportunities
A significant 15.6-hectare cleared landholding in Brisbane’s northern growth corridor has exchanged hands at a rate of $1.4 million per developable hectare.
The off-market sale of the land on Callaghan Road, Narangba was negotiated by JLL’s Liam Petersen and Jake Burrowes on behalf of a private developer, with the site acquired by Trask Land following a competitive off-market process.
The 156,000sqm parcel is located within the Narangba East Investigation Area, currently being reviewed by Moreton Bay Council with an intent to unlock additional residential supply and employment-generating uses.
Mr Petersen said the result highlighted growing depth of demand for large-scale landholdings with strong connectivity and long-term planning upside.
“This was a tightly controlled off-market campaign targeting a shortlist of groups with the capability to execute on complex future development outcomes,” he said.
“The level of competition and the pricing achieved underline the strong demand for well-located land within emerging structure plan areas.
“Located just minutes from the Bruce Highway, the site offers direct access to the Brisbane CBD and Sunshine Coast, positioning it as a strategic future redevelopment opportunity within one of South East Queensland’s fastest-growing regions.”
Mr Burrowes said the transaction reflected increasing confidence among developers to secure well-located land with long-term growth fundamentals.
“Buyers are actively targeting land that offers scale, clear locational advantages and exposure to future planning uplift,” he said.
“This sale demonstrates the premium the market is placing on sites that can support future residential and employment outcomes as councils work to address long-term supply constraints.”
Related Articles
