A possible 1,400-home community could transform Elimbah over the coming years, following a major $318.5 million land transaction that marks one of the Moreton Bay region’s most significant property deals in recent memory.
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Singapore-backed developer HB Land has secured the sprawling 181-hectare site at Pumicestone Road, Rutters Road and Clinker Road from Melbourne-based Goldfields Group, with planning approvals already in place to begin delivering much-needed housing to the area.
The timing couldn’t be more critical for local families and prospective residents. Elimbah’s housing market has experienced extraordinary pressure over the past year, with median house prices surging 9.1 per cent to reach $1.2 million. Renters face equally challenging conditions, with weekly rents now sitting at $900—a 5.3 per cent increase in just 12 months.
The scale and scope of the Elimbah development extends well beyond typical residential estates. While the masterplan encompasses capacity for up to 1,400 homes, initial development approval has already been secured for the first 288 residential lots, enabling construction to potentially commence in the near term.
However, this isn’t purely a housing project. The development incorporates a substantial employment and commercial component that positions it as a genuine mixed-use community. According to the listing by Ray White Special Projects, more than 25 hectares have been allocated for mixed industry and business area purposes, with an approved four-hectare service centre site already receiving development consent. An additional 26.3 hectares carries general industrial zoning, with a development application currently under consideration.
For a region experiencing persistent growth, the inclusion of employment land alongside residential development offers potential benefits beyond simply adding housing stock. Industrial and commercial land parcels of this magnitude, particularly with planning approvals either secured or well advanced, have become increasingly scarce throughout the Moreton Bay corridor.
The site’s location provides strategic advantages. Positioned just 250 metres from the Bruce Highway interchange, the property offers ready access to southeast Queensland’s primary transport artery. This proximity makes it attractive not only for future residents but also for potential logistics, industrial and commercial operators who may establish operations within the employment precincts.
Infrastructure delivery represents a crucial element of the transaction. Binding agreements have been executed with both Moreton Bay Regional Council and Unitywater, with the seller committed to delivering essential external services before handover. These commitments include water and sewerage connections, plus the first phase of Pumicestone Road upgrades, with critical works scheduled for completion by early 2027.
This infrastructure commitment effectively presents the site to HB Land as a substantially serviced development opportunity, potentially accelerating the timeline for bringing new housing to market and reducing typical development risks.
Environmental approvals have also been secured, with federal authorities determining the site is not subject to controlled action provisions under Environment Protection and Biodiversity Conservation legislation. The property itself is predominantly cleared and relatively level, characteristics that typically facilitate faster development progression.
HB Land brings considerable development experience to the project. The Australian operation of Ho Bee Land, controlled by Singaporean billionaire Chua Thian Poh, has been actively building its presence in the Australian residential market since 2021. The company now controls a substantial land portfolio exceeding 4,000 residential lots across multiple projects throughout southeast Queensland and Melbourne.
The Elimbah acquisition represents the developer’s largest single project to date and signals confidence in the Moreton Bay region’s ongoing growth trajectory. With the Bruce Highway corridor continuing to attract residents seeking more affordable housing options compared to inner Brisbane, the area has emerged as one of Queensland’s most dynamic growth regions.
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For existing Caboolture and Elimbah residents, the development promises both opportunities and changes. The injection of potentially 1,400 new households will significantly expand the local community, while the commercial and industrial components could generate local employment opportunities across construction, retail, logistics and service sectors.
As planning progresses and construction timelines become clearer, the Elimbah development stands positioned to make a substantial contribution toward addressing the region’s housing needs while creating economic opportunities for the broader Caboolture area.
Featured image credit: Ray White Special Projects
Published 12-February-2026
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