This article is from the Australian Property Journal archive
FUND manager CFMG Capital has launched a capital raising to fund development of a $26 million residential community on a newly-acquired site in southern Brisbane.
The latest offering, to be the 19th via the company’s CFMG Land and Opportunity Fund, has set a target return of 9.55% net of all fees, with a 24-month investment term.
The targeted overall return over the term is 19.1%.
The 3.37-hectare site on Farley Road in Rochedale was picked up for $11 million and will be developed into a 27-lot gated community that is expected to hit the market in early 2026, with prices starting from $900,000.
CFMG has completed two nearby residential developments in Rochedale via the Land and Opportunity Fund. CFMG Capital group general manager Andrew Thomson said the new site provided a prime opportunity to benefit from existing market momentum and experience.
“The Farley Road project will service the significant demand for vacant and ready to build residential land located within the inner ring suburb of a major capital city,” he said.
Rochedale is 18.9 kilometres by road from the Brisbane CBD. Farley Road also provides convenient access to both the north and south of Brisbane via the nearby Gateway Motorway, with access within 1.5 kilometres.
Power, communications, mains sewer and town water are available on the subject site doorstep and there is retail, education, childcare, public transport and recreational parks and clubs close by.
CFMG Capital operates two core divisions; a residential communities development business with a pipeline of more than 2,200 lots and a funds management business that operates three different private credit funds.
CFMG Capital is also developing the nearby Sovereign Estates project on Grieve Road, where large homesites start from more than $2 million. The project is imminently expected to be fully titled, allowing buyers to start construction.
To date, CFMG Residential Communities has invested more than $22 million in Rochedale across the three different projects. The first stage of the company’s Mayfair Lane project has been completed, and the second stage is nearing final development approval.
