This article is from the Australian Property Journal archive
CFMG Residential Communities has added an $11 million site to its holding in the outer south-east Brisbane suburb of Rochedale, which is attracting new home buyers in big numbers.
The 3.37-hectare site on Farley Road will be developed into a 27-lot gated community similar to the company’s nearby Mayfair Lane project.
The new estate is expected to hit the market in early 2026, with prices starting from $900,000
CFMG Residential Communities has now invested more than $22 million in Rochedale across the three different projects. The first stage of its Mayfair Lane project has been completed, and the second stage is nearing final development approval. It is also developing the nearby Sovereign Estates project on Grieve Road, where large homesites start from more than $2 million. That project is expected to be fully titled from late this month, allowing buyers to start construction.
CFMG Capital general manager Andrew Thomson said the acquisition of the Farley Road site reflected the company’s confidence in continued demand for homesites in the area.
“Rochedale has experienced incredible growth over recent years,” he said.
“We think there is still a lot of demand in the pipeline as more buyers discover the suburb and the lifestyle it has to offer.”
Brisbane City Council’s Metro project was recently proposed to be expanded through Rochedale to Springwood.
Rochedale’s market is being increasingly driven by buyers looking to upgrade from neighbouring suburbs like Sunnybank by selling their older homes and moving into something new, Thomson said.
“These buyers seem to be much more receptive to boutique projects that allow them to be part of a smaller community while still having access to extensive infrastructure and green space.”
Launched last year, its Sovereign Estates project is just a few hundred metres from the new site and covers 3.5 hectares about 15 kilometres from the Brisbane CBD, and offers easy access to the M1, Gateway Motorway and the Gold Coast.
Homesites have averaged more than $2 million. Thomson said the availability of large homesites and the growing prevalence of luxury homes was changing the face of Rochedale.
“Rochedale was not on the radar for a lot of luxury buyers wanting that semi-rural feel until recently,” he said. Prices have taken off since 2020, up 28% to an average of more than $1.5 million in the 12 months to February this year.
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 has raised more than $210 million in third-party equity.
