North Brisbane development site sells for $18.25 million

North Brisbane development site sells for $18.25 million
North Brisbane development site sells for $18.25 million

A residential development site in the Brisbane suburb of Griffin has sold at a rate of $1.18 million per hectare, with a total size of 15.44 hectares over three lots.

The total development site, located between Dohles Rocks Road and Wagner Road, roughly 22 kilometres north of Brisbane CBD, was sold for $18.25 million to Oxmar Properties through Colliers International on behalf of RSL Care Limited.

A development application has already been lodged for a residential community .

Colliers International’s Brendan Hogan said the vacant land price in the suburb of Griffin has significantly increased over the recent period which is consistent with the strong population growth in the area.  

“Being one of the last available greenfield sites in Griffin, it attracted nine offers from a range of public, private and offshore groups," he said.

“The buyer Oxmar is a local based developer who understands this value proposition as they are already active throughout the Moreton Bay region."

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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