Located at 378-380 Redbank Plains Road Redbank Plains, the 7,168sqm consolidated parcel is being sold by a Brisbane based developer, with full development approval (DA) already secured for 48 three-bedroom dwellings.
The approved design includes a mix of 40 two-storey townhouses and eight three-storey terrace homes. Ideally located directly opposite the Town Square Redbank Plains shopping centre, the cleared site features dual frontage to Redbank Plains road and Lillian street, a natural fall for legal drainage discharge, and a flood-free profile.
RWC Queensland’s Sid Arora said the turnkey nature of the Medium Density Residential site offers an essential advantage to the incoming developer by eliminating typical delivery friction.
"The beauty of this site is that a buyer can step straight into an approved townhouse project without burning time, money, and dealing with the risk of getting council approval," Mr Arora said.
"The product itself really suits what the local market wants, it’s the exact type of home that families, first-home buyers, and investors are looking for right now."
The property directly adjoins the Kids Academy early learning centre and sits approximately 1.7 kilometres from Bellbird Park state school, making the future product highly suitable for local families and owner-occupiers.
The project arrives on the market amid significant shifts in federal housing and tax policy, which are expected to heavily favor the construction of new housing stock.
Following recent federal budget changes to negative gearing policy, which restrict tax deductions on established properties while preserving them for new builds, the project is positioned to capture a distinct segment of market demand.
"With the recent budget changes to negative gearing policy, we’re anticipating a real surge in demand for new builds," Mr Arora added.
"Because first-home buyers and investors are actively looking for this kind of finished product, I expect to see a lot of traction for this site from all over Queensland. It just ticks all the boxes for where the market is heading."
