What Developers Are Paying for Land in Teneriffe

Q: What does ACRES do?

ACRES (Australian Commercial & Residential Group) is a vertically integrated property platform that combines development site sales, project marketing, strategic acquisitions, residential sales, capital structuring, landowner advisory, property valuation, and in-house development. The business operates across South-East Queensland including Brisbane, Gold Coast, and the Sunshine Coast.

Q: What areas does ACRES cover?

ACRES operates across South-East Queensland covering Brisbane, Gold Coast, Sunshine Coast, Ipswich, Logan, Moreton Bay, and the Redlands. The business maintains suburb intelligence profiles for over 100 suburbs with detailed market data, median prices, growth trends, and planning overlays.

Q: How does ACRES sell development sites?

ACRES operates upstream of traditional agency. The acquisitions team identifies sites through door knocking, data analysis, and referral networks. Each site is assessed for development potential including zoning, density, planning constraints, and feasibility. Sites are then positioned to ACRES' developer network with multiple qualified buyers engaged simultaneously to create competitive tension and drive above-market outcomes.

Q: What is ACRES' commission structure?

ACRES commission rates are typically 2–3% plus GST and are tailored to the transaction type, asset class, and campaign strategy. Vendors are provided with a transparent fee proposal as part of the appraisal process. Contact ACRES for a tailored quote.

Q: Does ACRES offer free property valuations?

Yes. ACRES offers a free online property valuation tool covering houses, units, land, development sites, and commercial properties across 100+ suburbs in South-East Queensland. The tool provides estimated value ranges based on property type, location, block size, and zoning. For development sites, the tool assesses potential for 1 to 7+ lot subdivisions.

Q: Who are the directors of ACRES?

ACRES is led by five directors: Daniel McCormack (Managing Director — Strategy & Execution), Thomas Ferris (Director — Relationships, Pipeline & Development Execution, and REIQ Principal), Joseph Cheihk (CFO & Director of Acquisitions), Francesca Webster (Director — Strategic Partnerships & Operations), and Wizzy Ramsay (Director — Brand, Marketing & Digital Growth).

ACRES Advisory Team

iSummary

What are developers paying for land in Teneriffe Brisbane? Current development site pricing, recent sales data, and what drives land values in this inner-city suburb.

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

Teneriffe Development Site Pricing

Teneriffe development sites are among the most valuable in Brisbane's inner ring. Teneriffe is defined by its iconic heritage wool stores — massive brick warehouses converted into premium apartments and commercial spaces. This heritage character gives the suburb a unique identity and premium positioning in Brisbane's property market. The combination of heritage character, river frontage, and established premium lifestyle positioning and limited remaining supply keeps pricing firm.

Current Price Benchmarks

Site Type	Typical Size	Price Range	Price per m²
Standard house lot	400-600m²	$1.3M - $2.2M	$2,800 - $4,000
MDR/HDR site	600-1,000m²	$2.5M - $5.0M	$3,500 - $5,500
River-adjacent premium	800m²+	$4.0M - $8.0M+	$5,000 - $8,000+

These figures represent what developers will pay — often significantly above standard residential market value.

What Drives Price Variation in Teneriffe

"Teneriffe Development Site Pricing Teneriffe development sites are among the most valuable in Brisbane's inner ring."

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Zoning and Height

The single biggest driver. Higher density zoning allows more apartments, generating more revenue, which means developers can pay more for the land.

Location Within the Suburb

Properties on or near Vernon Terrace, Commercial Road, Skyring Terrace, and Macquarie Street command premiums. Quieter residential streets may be less per m² but still attract strong developer interest.

Site Configuration

Wide frontage, flat topography, and corner positions increase value. Narrow or steep sites attract fewer buyers.

Existing Approvals

A site with a current DA typically sells for 10-20% more than an unapproved site.

How Teneriffe Compares

Teneriffe development sites command premiums for their heritage character and river positioning. Remaining opportunities are rare and competition is intense.

Key insight: Properties that would sell for a standard residential price regularly achieve significant premiums when marketed as development sites to the right buyer pool.

Frequently Asked Questions

What are developers paying for land in Teneriffe?

Pricing varies by zone and site characteristics. MDR/HDR site sites sell for $2.5M - $5.0M.

Are Teneriffe development site prices still rising?

Yes. Limited supply and strong demand continue to support price growth. Teneriffe remains one of Brisbane's most sought-after inner-city development markets.

How much more will a developer pay vs a home buyer in Teneriffe?

Developers typically pay 40-120% above residential value depending on zoning. A specialist agent can provide an accurate assessment for your specific property.

Suburbs Mentioned in This Article

Teneriffe

Published by ACRES — Australian Commercial & Residential Group

Source: acres.au/insights/teneriffe-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.