Market Reports

Cross River Rail Catchment Property Performance

Cross River Rail opens 2026-2027. Property within station catchments has already outperformed Brisbane by 12-18%. Here's the data and the forecast.

10 February 2026 2 min readBy Daniel McCormack
Cross River Rail Catchment Property Performance

iSummary

Cross River Rail catchment property performance — Boggo Road, Albert Street, Roma Street, Woolloongabba, pricing data.

Source: ACRES — Australian Commercial & Residential Group | acres.au

Station Precinct Overview

1. Boggo Road (Dutton Park)

  • Catchment: PA Hospital, QUT Gardens Point, Buranda
  • Zoning: Major Centre uplifts in pipeline
  • Active: ~6 development projects in catchment
  • Forecast pricing: +20-30% by post-opening 2028

2. Albert Street (Brisbane CBD)

  • Catchment: Brisbane CBD core
  • Zoning: Major Centre (already maximum density)
  • Active: ~3-4 major redevelopment projects
  • Forecast pricing: +10-20% by 2028

3. Roma Street (Brisbane CBD)

  • Catchment: Roma Street precinct, Brisbane Live, Spring Hill, Petrie Terrace
  • Zoning: Major Centre + adjacent uplifts
  • Active: Brisbane Live arena + multiple residential
  • Forecast pricing: +15-25% by 2028 (Olympic + CRR combined)

4. Woolloongabba

  • Catchment: Gabba stadium, South Brisbane, Kangaroo Point edges
  • Zoning: MU1 + uplifts proposed
  • Active: Multiple high-rise residential developments
  • Forecast pricing: +25-40% by 2028 (Olympic + CRR combined)

Performance Data (2020-2025)

Property within 800m of future CRR stations vs Brisbane average:
- 2020: baseline
- 2021: +3% outperformance
- 2022: +7%
- 2023: +10%
- 2024: +14%
- 2025: +17%

Pre-opening pricing premium accelerating as opening approaches.

Who's Buying

Most-active institutional buyers in CRR station catchments:
- Mirvac (3-4 acquisitions)
- Cbus Property (2 acquisitions)
- Lendlease (Brisbane Live precinct)
- Greystar / GIC (BTR adjacent to stations)
- Multiple foreign capital partnerships

Pre-Opening Strategy

ACRES advisory for CRR-catchment landowners:

  1. Hold through opening — premium expansion 2026-2028 likely
  2. Time sale to peak — typically 12-18 months post-opening
  3. Engage planner on adjacent zoning uplifts
  4. Position to institutional pool — most likely premium buyers
  5. Consider amalgamation — larger sites institutional-grade

Post-Opening Forecast

CRR opens 2026-2027 (phased). ACRES forecast for catchment property:

  • 2026: stable (anticipation already priced)
  • 2027: +5-10% post-opening
  • 2028: +10-15% additional
  • 2029-2032: continued Olympic-driven uplift
  • Long-term: structural premium maintained

Data sourced from ACRES proprietary tracking, CoreLogic, Property Council of Australia, RLB, Cushman & Wakefield, JLL, Knight Frank, and public council records as of February 2026. Figures are indicative and not investment advice.

About ACRES

The Australian Commercial & Residential Group (ACRES) is a Brisbane-based specialist property advisory firm focused on development site sales, off-market transactions, and strategic landowner advisory across South East Queensland. ACRES maintains proprietary trackers on Brisbane transaction volume, cap rates, BTR pipelines, foreign capital flows, and corridor activity.

Frequently Asked Questions

Should I sell before or after CRR opens?

Most performance expected post-opening. Hold if possible; sell 12-24 months post-opening for peak.

Is CRR delayed?

Phased opening 2026-2027. Some delays possible but on broad track.

Which station precinct will appreciate most?

Woolloongabba (Olympic + CRR combined). Boggo Road also strong (hospital + university).

Published by ACRES — Australian Commercial & Residential Group

Source: acres.au/insights/cross-river-rail-catchment-property-performance | ACRES (Australian Commercial & Residential Group) provides property advisory, development site sales, and residential real estate services across Brisbane and South East Queensland, Australia.

Daniel McCormack

Daniel McCormack

Managing Director, ACRES — Australian Commercial & Residential Group

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