This article is from the Australian Property Journal archive
PROPERTY giant Mirvac continues to chase growing residential demand in south-east Queensland, acquiring an 8.4-hectare development site in Brisbane’s Rochedale for $30 million.
The elevated site on Gardner Road in the capital’s south-east was purchased in an off-market deal, and is planned to deliver around 140 home sites to be released later this year.
Mirvac Queensland residential general manager, Warwick Bible said the developer was actively pursuing strategic opportunities in south-east Queensland.
“Demand for homesites in this region is extremely strong.
“The acquisition of the Rochedale site continues Mirvac’s commitment to delivering new residential opportunities in Brisbane’s middle suburban ring and ensures we have a presence in the key growth areas of Brisbane, Greenbank and the Gold Coast.
“Rochedale is a particularly strong market and we look forward to delivering a high quality community, featuring city skyline views, to help fill the demand from those looking to build a new home in the area,” he said.
Bible said the site is located close to the proposed new Rochedale Town Centre, also on Gardner Road, which is anticipated to include a range of retail, dining and entertainment options.
“The ease of access to both the Pacific Highway and Gateway Motorway, along with the quiet, upmarket lifestyle on offer has also appealed, particularly to upgraders wanting to build a brand new home they can tailor to suit their family’s lifestyle,” he added.
Mirvac is currently developing the Gainsborough Greens community at Pimpama on the Gold Coast, which achieved $110 million of sales last year, and has plans for a community at Greenbank in Brisbane’s south-west.
It recently sold out its inner-Brisbane residential communities Aston Grove at Bidgeman Downs and Greystone Terraces at Everton Park.
Australian Property Journal
