CFMG, Trask Pad Out SEQ Pipelines with $49m in Deals

Two significant land transactions across South-East Queensland have underscored sustained developer appetite for sites for scale in growth corridors.

CFMG Capital and Trask Land collectively have deployed almost $50 million to expand their pipelines.

It is a smart move—the predictions are that more than 80 per cent of Queensland’s population will call South-East Queensland home by 2046. 

CFMG Capital has acquired a 4ha development site at 465 Rochedale Road at Rochedale, for $30 million, strengthening its residential and commercial footprint on Brisbane’s southside.

The diversified developer and funds manager plans to deliver a 51-lot residential community alongside a 4500sq m neighbourhood commercial centre, further consolidating its presence in the tightly held Rochedale market.

CFMG Capital general manager Andrew Thomson said it was a high-quality opportunity in one of Brisbane’s most supply-constrained suburbs.

“Rochedale continues to attract strong owner-occupier demand, and this location offers the scale and flexibility to deliver both a high-quality residential community and a well-serviced neighbourhood commercial centre,” Thomson said.

The acquisition follows the group’s recent $19-million purchase of a 23.5ha site at 510 Bellmere Road, Bellmere, a 1000-lot site within the Waraba Priority Development Area.

CFMG’s pipeline now exceeds 3000 lots across Queensland and Victoria, spanning communities including Nambour, Burpengary, Morayfield, Logan Reserve, Pimpama and Wollert.

The group also maintains a portfolio of wholly owned commercial assets, which Thomson said provided balance sheet strength to support long-term growth.

Meanwhile, in Brisbane’s northern corridor, Trask Land has secured a 15.6ha cleared landholding on Callaghan Road at Narangba, for $19 million—equating to $1.4 million per developable hectare.

▲ The Narangba site adds to Trask Land’s substantial holdings within the City of Moreton Bay region.

The off-market sale, negotiated by JLL’s Liam Petersen and Jake Burrowes on behalf of a private developer, reflects intensifying competition for well-located sites within emerging structure plan areas.

The 156,000sq m parcel sits within the Narangba East Investigation Area, which the City of Moreton Bay Council is examining for additional residential supply and employment-generating uses.

Petersen said the campaign targeted a shortlist of groups capable of executing complex future development outcomes, with pricing underscoring demand for large-scale landholdings with strong road infrastructure connectivity and long-term planning upside.

Together, the transactions highlight continued confidence among developers to secure scale sites across South-East Queensland as councils grapple with long-term housing supply constraints and population growth pressures.