Bridging the housing gap: Residential development opportunity in Bilambil Heights addresses land shortage in Northen Rivers

In a region overwhelmed by a scarcity of available land for development, an exclusive residential opportunity has emerged in Bilambil Heights, Northern New South Wales.

Colliers has announced the listing of 300 McAllisters Road, a 50.18-hectare site that holds the key to addressing the pressing issue of land supply and housing opportunities in the Northern Rivers.

With limited greenfield stock on the market, this development opportunity comes as a timely solution to the region's housing shortage.

The property's substantial size and close proximity to world-famous Kirra and Coolangatta beaches and the Gold Coast airport make it an ideal location for a much-needed 211 lot residential subdivision (STCA).

Director in Charge of Colliers Gold Coast, Steven King, says the property predominantly falls under the G1 "General Residential" and R5 "Large lot Residential" zoning, as per the Tweed Local Environmental Plan.

“This zoning allows for various residential possibilities, catering to a diverse range of housing needs,” said Mr King.

“The scarcity of available land for residential development has reached critical levels in the Northern Rivers region.

“As urban areas expand and demand for housing surges, the need for suitable land becomes increasingly vital,” he says.

With an average lot size of 1,572 square meters and a range of lot sizes from 450 square meters to 33,240 square meters, this proposed subdivision (STCA) provides a diverse range of housing options to cater to different needs and preferences.

300 McAllisters Road is also situated within 600 meters of Cobaki Lakes, a proposed $1.25 billion master-planned community comprising 5,500 lots.

“This listing is the closest development opportunity to the proposed master-planned community at Cobaki Lakes which is the largest available land holding closest to the New South Wales, Queensland border,” said Mr King.

Fast facts:

  • Land area: 50.18Ha*

  • Prime elevated residential land, with undulating slopes, and views over Cobaki Valley through to the Southern Gold Coast / Pacific Ocean

  • 9km* from Tweed Heads & Coolangatta, 15 min from Gold Coast Airport and 35 min south of Surfers Paradise*

  • Predominately zoned G1 “General Residential” & R5 “Large lot Residential” in accordance with the Tweed Local Environmental Plan

  • Proposed plan of subdivision outlining 211 lots (STCA)^

  • Average lot size 1,572m²* - ranging from 450m²* to 33,240m²* (STCA)

  • Within 600 metres* of Cobaki Lakes, the proposed $1.25 billion 5,500* lot master planned

  • * Approx, ^ Subject to Council Approval, ~ Outlines indicative only.

For more information, please contact Steven King, Troy Linnane and Brendan Hogan at Colliers.

Hannah Matchett