A rare Hendra development site has hit the market, unlocking space for 66 brand new homes in one of Brisbane’s most sought-after suburbs.
Touted as one of the last remaining large-scale residential development opportunities in Hendra, the 5.56ha site at 112 Raceview Avenue neighbours the Doomben Racecourse precinct.
Development approval has been given for a residential subdivision of 66 lots, ranging in size from 400sq m to 736 sq m, and averaging 427 sq m. Median house prices in Hendra are sitting at more than $2 million.
Colliers Queensland Residential Development Sites Director Brendan Hogan said he expected strong interest from developers wanting a slice of Brisbane’s undersupplied, and high-performing residential market.
“Opportunities of this scale and quality in one of Brisbane’s most tightly-held desirable, family-oriented suburbs are as rare as it gets,” Mr Hogan said.
“This is one of the last significant infill landholdings in a suburb where new supply is rare, yet buyer demand remains exceptionally strong.
“Combining a quiet, established residential feel with tree-lined streets, character homes and newer architect-designed residences, alongside proximity to the city and key lifestyle hubs, all contribute to Hendra’s blue-ribbon appeal.”
Colliers Queensland Residential Development Sites Director Adam Rubie said the combination of location, scale and planning positioned the site as a standout offering in the current market.
“With Development Approval already secured, the project offers a clear pathway to deliver a boutique, high-quality residential community in a high-demand premium suburb,” Mr Rubie said.
“That level of certainty and the ability to move quickly to market is highly attractive, particularly given the ongoing supply-demand imbalance across Brisbane, and in particular, the inner-north.”
The property is for sale via Expressions of Interest, closing Thursday April 30 at 4pm.
