On behalf of KPMG as agents for the mortgagee in possession, JLL Land are pleased to exclusively offer to the market Pine & Archerfield Road, Richlands**; a plug & play residential development opportunity in a burgeoning Brisbane catchment.
Key features of the property include:
DEVELOPMENT APPROVAL & FAVOURABLE ZONING: Zoned Medium Density Residential with approval for 42 residential care units, the site offers incoming purchasers immediate development potential or streamlined code assessment for development up to 5 storeys across a range of uses including Townhouse, Apartment, Retirement and MHE/Land Lease (STCA).
PLUG & PLAY DEVELOPMENT SITE: The site is fully serviced with infrastructure and boasts a regular allotment, 279m* of combined street frontage, gentle topography and minimal existing vegetation – presenting an opportunity to deliver an efficient development layout while eliminating cost-intensive preparation works.
PROVEN DEPTH OF MARKET: Situated within an investor-driven market, developers of the parcels will have access to a homebuyer pool (with local, interstate and offshore buyers), translating to accelerated sell down rates and minimised delivery risk.
FAVOURABLE MARKET CONDITIONS: Richlands’ residential market has seen growth in recent years with a median house price of $1,032,500 – more than doubling over the past 5 years. Both median unit and house prices have consistently achieved almost 20% annual (YoY) growth since April 2021, highlighting a significant gap in the market.
COMMENDABLE LOCATION & AMENITY: The property boasts convenient connectivity to Brisbane CBD (20km*), as well as quality retail, medical, educational, and recreational amenity within walking distance. Situated 1.2km* from Richlands Train Station, future residents at Pine & Archerfield Road are afforded easy access to surrounding hotspots.
RAPID POPULATION GROWTH: Richlands is experiencing exceptional population growth of 9.33% per annum^ – nearly five times the Queensland average – resulting in an increasingly sharp demand-supply discrepancy and a critical need for new residential stock.
Pine & Archerfield Road, Richlands is being offered for sale via an Expressions of Interest campaign closing Tuesday 12 May at 4:00pm (AEST).
*Approximately
**Formal Address: 2 Pine Road & 425 Archerfield Road, Richlands QLD 4077
^Between the 2016 and 2021 Census dates. Source (QLD Gov. Statistician Office, 2026).
The Vendor makes no representation or warranties in respect of the contents of this advertisement or the information provided to interested parties. While the information has been prepared in good faith and with due care, no representations or warranties are made (express or implied) as to the accuracy, currency, completeness, suitability or otherwise of such information. The Vendor shall not be liable to any person for any loss, liability, damage, or expense arising directly or indirectly from or connected in any way with any use or reliance on this information. The Information does not and will not form part of any contract of sale for the Property. If any interested party makes an offer or signs a contract for the Property, that interested party represents that it is not relying on the Information supplied by any of the Parties (unless otherwise agreed in a written contract with the Vendor).
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