iSummary
What are developers paying for land in North Lakes? Current development site pricing, benchmarks, and what drives land values in the Moreton Bay Region.
Source: ACRES — Australian Commercial & Residential Group | acres.au
North Lakes Development Site Pricing
North Lakes development sites attract growing demand from developers targeting the Moreton Bay Region's growth. North Lakes is Australia's largest and most successful master-planned community, now transitioning from a greenfield estate into a maturing suburban centre. Westfield North Lakes and dual rail stations create a genuine urban node. As the original estates age, infill and densification opportunities are emerging — particularly around the centre and rail precincts.
Current Price Benchmarks
| Site Type | Typical Size | Price Range | Price per m² |
|---|---|---|---|
| Standard house lot | 400-600m² | $550K - $850K | $1,100 - $1,600 |
| MDR zone site | 600-1,000m² | $850K - $1.5M | $1,300 - $2,000 |
| Centre / Westfield precinct | 1,000m²+ | $1.5M - $5.0M+ | $1,500 - $3,000 |
These figures represent what developers will pay — often significantly above standard residential market value.
What Drives Price Variation in North Lakes
"North Lakes Development Site Pricing North Lakes development sites attract growing demand from developers targeting the Moreton Bay Region's growth."
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Zoning and Height
The single biggest price driver. Higher density zoning allows more dwellings, generating more revenue, which means developers can pay more for the land.
Location Within the Suburb
Properties on or near Anzac Avenue, North Lakes Drive, Bruce Highway, and Endeavour Boulevard command premiums due to higher density zoning, better transport access, and stronger end-buyer appeal.
Site Configuration
Wide frontage (15m+), flat topography, and corner positions increase value. Narrow, deep blocks or steeply sloping sites attract fewer buyers.
Existing Approvals
A site with a current DA typically sells for 10-20% more than an unapproved site, as the buyer avoids months of approval risk and holding costs.
How North Lakes Compares
North Lakes is Moreton Bay's most established suburban centre with the region's strongest retail and transport infrastructure. Development site demand reflects this positioning.
Key insight: Properties that would sell for a standard residential price regularly achieve significant premiums when marketed correctly as development sites.
Frequently Asked Questions
What are developers paying for land in North Lakes?
Pricing varies by zone. MDR zone site sites typically sell for $850K - $1.5M.
Are North Lakes development site prices still rising?
Yes. Limited supply and strong demand continue to support price growth in North Lakes.
How much more will a developer pay vs a home buyer in North Lakes?
Developers typically pay 40-100% above residential value depending on zoning. A specialist agent can provide an accurate assessment.
Suburbs Mentioned in This Article
Published by ACRES — Australian Commercial & Residential Group
Source: acres.au/insights/north-lakes-land-prices-what-developers-pay | 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
Managing Director, ACRES — Australian Commercial & Residential Group
