In a move that underscores the growing appetite for industrial land in South East Queensland’s northern growth corridor, Melbourne-based developer Goldfields has sold a 48-hectare DA-approved industrial estate in Caboolture for an undisclosed price to a private industrial developer.
The site at 575 Pumicestone Road, marketed by Morgan Ruig and Mitch Taulelei of Cushman & Wakefield and Modus, attracted strong interest during an on-market campaign, culminating in seven formal offers. The transaction was secured with settlement terms contingent on the completion of trunk infrastructure works by the vendor.
Strategically located just off the Bruce Highway, the estate offers 39 hectares of net developable land, with ROL approval for 32 industrial lots ranging from 4,000 sqm to 4.5 hectares. Zoned General Industry, the site allows for 24/7 operations and boasts direct B-double access to the M1, making it a compelling alternative to Brisbane’s increasingly congested industrial precincts.
“This sale reflects the continued strength of the industrial market in Brisbane’s northern corridor,” said Morgan Ruig of Cushman & Wakefield.
“The buyer recognised the rare scale, planning approvals, and strategic location of the site, which is positioned to benefit from the region’s rapid population and infrastructure growth.”
“Due to recent occupier demand, Brisbane’s vacant industrial land stocks have diminished rapidly, supporting continued land value growth. Across Brisbane’s North submarket, there are just 163 hectares of active land supply and with 65% of sites being sized below three hectares, sites of scale are increasingly rare and are actively being pursued by developers.”
Caboolture, situated 40 minutes north of Brisbane CBD and 35 minutes south of the Sunshine Coast, is emerging as a key logistics and manufacturing hub.
Mitch Taulelei of Cushman & Wakefield said the Moreton Bay region is forecast to add 140,000 residents over the next decade, driving demand for over 115 hectares of industrial land.
The sale of 575 Pumicestone Road is not just a win for Goldfields- it’s a signal to the market that the industrial frontier is shifting north, and investors are following.
