Brisbane growth corridor site sold for subdivision
Kingsmede has snapped up a Brisbane growth corridor site and applied for a 22-lot subdivision, and super-block.
The 3.34 hectare parcel, 383-393 Hawkesbury Road, Anstead, traded for $6.15 million.
JLL’s Jake Burrowes, Liam Peterson and Harrison Katsanevas brokered the deal.
They said Brisbane’s western growth corridor population is forecast to double over 20 years, with median house prices in some pockets nearing $2 million.
According to REA Group, Anstead’s is about 1.52m.
The site is flood free with limited overlay impacts, according to the executives (continues below).
Two existing homes on the site can also derive income while the permit is obtained, they added.
The deal comes 11 months since we reported Kingsmede, led by Andrew Potter, outlaid $10.45m for a Salisbury industrial investment next to another acquired from Dexus in 2024.
Anstead is about 18 kilometres south west of town.
Subscribe to our newsletter at the bottom of this page.
