Developer swoops on Morayfield amalgamation
Fairland has paid $22 million for a Brisbane growth corridor housing estate site.
Actually two separated but nearby blocks – in total measuring 6.1 hectares – on and around the corner of Bridges and Hauton roads, Morayfield, is earmarked for a 98-lot subdivision.
Adpen was the seller.
The sale price values the land at $361 per square metre or $224,490 per proposed lot.
JLL Land’s Liam Petersen, Harrison Katsanevas and Jake Burrowes were the agents.
The result sets a record for a residential site of this scale in the catchment, they said (continues below).
Growth corridor
The Morayfield amalgamation includes 2-22 and 34 Bridges Road and 200-206 Hauton Rd, part of Morayfield South, a 900ha emerging growth corridor, about 40 kilometres north of Brisbane’s CBD.
The broader precinct is expected to eventually accommodate about 26,000 people in 9,800 dwellings.
Its proposed structure plan includes new residential areas, schools, parks, retail and community hubs, and transport infrastructure.
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