A 5.05-hectare residential development site in Morayfield has been sold for $8 million to Trask Land, following a competitive expressions of interest campaign.
Site Draws Intense Buyer Interest
The property at 74–80 Nairn Road, Morayfield was marketed by Colliers through an expressions of interest campaign that closed on 27 November 2024. The process attracted over 130 enquiries and 12 formal offers from various developers, reflecting the ongoing demand for development-ready land in South East Queensland.
The land was sold on behalf of a private landholder and purchased by Trask Land, which already owns adjoining parcels. This acquisition consolidates Trask Land’s holdings in a region considered one of the fastest-growing areas north of Brisbane.
Strategic Position in Northern Growth Corridor
Located 38 kilometres from Brisbane’s CBD and 41 kilometres from the Sunshine Coast, the Morayfield site is zoned ‘Emerging Community’ under the Moreton Bay Regional Council Planning Scheme. The site is situated within the Transition Precinct and the Next Generation Neighbourhood Place Type, indicating potential for future residential subdivision or townhouse development, subject to council approvals.
The property is surrounded by completed and ongoing residential developments, placing it within an established and expanding corridor supported by nearby schools, shopping centres, and transport infrastructure.
Limited Infill Land Driving Competition
According to the selling agents, infill parcels of this scale have become increasingly scarce across the region. The supply shortage has pushed developers to compete aggressively for limited land with subdivision potential.
Land values in Moreton Bay have set new benchmarks in recent years, and the Morayfield transaction adds to that trend. With infrastructure investment continuing across South East Queensland, sites positioned within growth corridors remain highly sought after.
Residential Supply Pressures in South East Queensland
The sale occurs against the backdrop of increasing housing demand in South East Queensland. Forecasts suggest that approximately 34,500 new dwellings are needed annually to accommodate population growth across the region. Properties such as the Nairn Road site are seen as crucial in contributing to future residential supply.
Future Implications for Morayfield
With the addition of this site, Trask Land strengthens its long-term position in the Morayfield precinct. Subject to approvals, future development on the site would support ongoing urban expansion and contribute to the broader residential supply pipeline in the northern corridor.
Published 4-Aug-2025
Photo Credit: Colliers
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