Land & CommunitiesClare BurnettMon 22 Jun 26
Frasers Adds 3800 Home Lots to Pipeline in Victoria, Queensland
Acquisitive Frasers Property Australia has added thousands of lots to its growing pipelines in Victoria and Queensland as it recycles capital after major asset sales.
The move comes as the developer continues to pivot away from inner-city apartments and into communities, having already divested some of its major Brisbane, Melbourne and Sydney assets.
Frasers has now settled on a 334ha project in the Gold Coast hinterland at Worongary, acquiring the freehold land and development rights from Perron Group and the late Ross Atkins.
The SkyRidge masterplanned community has ministerial approval for 3500 lots and a range of land uses.
Frasers acquired the community for $170 million after a Ray White Special Projects and B&S Land expressions-of-interest campaign in 2025.
The site was reportedly the only trading masterplanned community on the Gold Coast.
Frasers said it would develop 3000 lots and a neighbourhood shopping centre over the next 14 years.
Its first order of business will be delivering the 203 lots currently under construction and due for completion by mid-2027, as well as progressing approvals for future stages.
The second acquisition by Frasers was a site at Geelong, slated for a mixed-use community development of 720 homes.
The 60ha site, with a planning permit in place, is 7km from Geelong CBD and close to the Torquay surf beach.
Frasers will team up with the City of Greater Geelong, which is developing an 8000sq m site for a community facility, as well as 39,700sq m of active open space.
The 344-380 Torquay Road development will be delivered over five years and the first sales release is expected in mid-2027.
Frasers built up its war chest for the acquisitions from the sales of completed assets, including Eastern Creek Quarter in Sydney for $400 million and Burwood Brickworks in Melbourne for $107.25 million.
Frasers Property has also completed the handover of its $285 million Brisbane build-to-rent Brunswick & Co, now called WeAreLiving Brunswick.
Frasers remains on the lookout for other opportunities, according to executive general manager for development Emily Wood.
“This is a transformative year for the company as we focus on new acquisitions, allowing opportunities for our community-building and placemaking expertise to come to the fore,” Wood said.
