Student accommodation demand doesn't usually come with a location this good.
5 Taylor Street is a 630m² site in the Mill Central precinct of The Mill at Moreton Bay Priority Development Area. It is under 500m from UniSC Moreton Bay and around 150m from Petrie Station. Student accommodation is an explicitly permitted use here.
✨WHY STUDENT ACCOMMODATION, WHY HERE✨
The campus is growing fast. UniSC Moreton Bay opened in 2020 and already has close to 6,000 students. It is projected to reach 10,000 by 2035, the same size as UniSC's flagship Sunshine Coast campus.
- Supply hasn't kept up. City of Moreton Bay has said publicly that demand for student accommodation has outpaced what the market can deliver. Many students are renting houses locally, which adds pressure to an already tight rental market.
- Council is actively encouraging it. In December 2025, Council adopted a policy allowing development application fees and infrastructure charges to be waived for affordable student accommodation in targeted areas, including Moreton Bay Central.
- Walkability does the leasing work. Students can walk to lectures, take the train straight to Brisbane and walk to the Dayboro Road café strip, with no car required.
- Rents are rising. Local unit rents are growing close to 10% a year.
✨THE SCALE TO MAKE IT WORK✨
The scheme sets a minimum density of 75 dwellings per hectare. That is a floor, not a ceiling.
- Building height is permitted up to 27m, subject to the PDA design criteria.
- The 20.7m frontage sits on a wide, shallow block, which gives room for a genuine street-fronting design with ground-floor activation.
- Water and sewer run along the frontage.
- If student accommodation isn't your model, the site also supports build-to-rent, apartments, or mixed use with ground-floor retail.
✨WHAT'S ALREADY BEEN RULED OUT✨
The title is clean, with no registered easements.
- The site is not on the Environmental Management Register or the Contaminated Land Register.
- There is no TMR road-widening reservation.
- The site is clear of all four Council-assessed flood hazard categories.
✨INCOME WHILE YOU PLAN✨
The existing 3-bedroom highset home can be leased while your design and approvals progress. Tenant demand near campus is already strong, and the rent helps cover holding costs.
✨THE BIGGER PICTURE✨
The Mill is a 460-hectare, long-term transformation projected to deliver 6,000 local jobs. It will also host a 10,000-seat indoor stadium for the 2032 Games.
✨RECENT NEARBY SALES (2026, all within 1.4km)✨
- 1 Taylor St – 622m² – $869,000
- 57 Belrose Ave – 604m² – $1,021,000
- 44 Belrose Ave – 603m² – $940,000
- 24 Bordeau Cres – 654m² – $995,000
Own a neighbouring Mill Central lot? Combining sites could unlock the scale student accommodation operators look for, with shared parking, circulation and a lift core.
✨INVITING OFFERS✨.
Contact Sean McCreanor 0438 115 550 to request the Development Feasibility Pack, which includes the full Site Constraint Report, title search and comparable sales evidence.
Disclaimer:
Development parameters, yield, and site information referenced above are drawn from a preliminary, desktop-level planning feasibility assessment prepared by Kevin Holt Consulting (August 2026) and are provided for general guidance only. They do not constitute town planning, legal, or financial advice, and must not be relied upon for design, purchase, or investment decisions without independent verification by a suitably qualified town planner and direct confirmation with City of Moreton Bay.
