The 7,592sqm* infill development site at 32 Bayview Terrace attracted strong interest from South East Queensland developers seeking affordable medium-density opportunities. The property was transacted by Ray White Special Projects QLD following an Expressions of Interest campaign that generated 115 enquiries and nine formal offers.
The site was offered with Preliminary Approval supporting General Residential (Next Generation Neighbourhood) outcomes, enabling a range of development options including townhouses, terraces, small-lot housing, aged care, or community housing (subject to further council approval).
Ray White Special Projects QLD’s James Hanley noted the high level of enquiry reflected the ongoing shift toward more affordable attached-housing formats across the region. “Townhouse products remain one of the most undersupplied segments in the SEQ market. Groups were quick to recognise the feasibility advantages of this site, given the relatively flat nature of the land and prominent corner position,” Mr Hanley said.
Mark Creevey added that zoning flexibility and proximity to amenities were major drivers of buyer competition. “The Preliminary Approval gave developers confidence to explore multiple development outcomes. While higher-density schemes are technically permissible, the clear preference from the market was for lower-rise townhouse development aligned with current demand and buildability,” Mr Creevey said.
Ray White Special Projects QLD selling agent Christopher Czernik-Wojcicki commented on the intense competition for infill sites. “The level of bidding reinforced the depth of capital seeking feasible townhouse opportunities. We saw strong contest among private developers and builders motivated by the shortage of comparable supply in the surrounding catchment,” he said.
The successful purchaser, Altum Property Group, is set to deliver an exciting new chapter for the site. Altum will soon launch ‘Bolo,’ a 42-townhouse project named in honour of the property’s history as a bowls club.
The development will feature 16 two-bedroom and 26 three-bedroom townhouses, with construction scheduled to commence in January 2026. For any townhouse enquiries, please contact Jeremy Gilmore from Milestone Properties on 0418 943 787.
