CBRE is pleased to present to market 2 Ellison Parade, a strategically located infill corner development opportunity in Mango Hill.
Comprising a total landholding of 2,021sqm*, the subject property is located within the evolving Mango Hill / North Lakes growth corridor. The development approval permits 52 residential units across seven levels, with provision for 92 resident car parking spaces. The Moreton Bay region continues to benefit from relative affordability compared to Brisbane’s inner and middle ring suburbs, driving both owner occupier and investor demand into affordable, transport-oriented locations.
Investment Highlights:
Infill Residential Development Landholding
+ Comprising a total landholding of 2,021sqm*, the subject property is located within the evolving Mango Hill / North Lakes growth corridor. With limited remaining infill land of this size in this catchment, opportunities of this nature are becoming increasingly scarce.
General Residential Zoning
+ Zoned General Residential within the Urban Neighbourhood Precinct, the site allows for a diverse range of residential outcomes including apartments, multiple dwellings, retirement facility, or rooming accommodation.
Existing Development Approval
+ The site has development approval for 52 apartments across seven levels. The approval has a six‑year currency period, effective until 30 November 2028. The approved scheme comprises an even mix of 26 two‑bedroom and 26 three‑bedroom apartments. This provides a clearly defined platform for immediate development.
Strong Market Fundamentals
+ The Moreton Bay residential apartment market is entering a sustained growth phase, supported by strong population inflows, tightening rental conditions and an undersupply of new housing stock. Median house prices in Mango Hill have increased by 13.5% to $1,032,500 over the last year, and median unit prices have increased by 12% to $702,000.
2 Ellison Parade, Mango Hill is For Sale via Expressions of Interest closing 4:00PM (AEST) Thursday 21 May 2026
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