A rare 630m² landholding inside one of South East Queensland's most significant urban renewal zones. Positioned within the Mill Central precinct of The Mill at Moreton Bay Priority Development Area, 5 Taylor Street, Petrie, offers astute buyers, builders and developers a genuine foothold in Petrie's next chapter: a 460-hectare transformation projected to deliver 6,000 local jobs and $950M in annual economic activity over the next 15-20 years.
Want to look through this fantastic property? Call Sean on 0438 115 550 today!
Developers and builders: request the Development Feasibility Pack — including the full Site Constraint Report, title search and comparable sales evidence.
THE DEVELOPMENT OPPORTUNITY
• 630m² block in The Mill central residential focus area
• Underlying Zoning - Residential B(PR) - 860, Moreton Bay Council
• Governing Scheme - The Mill PDA Development Scheme (Mill Central) overrides standard council zoning
• Minimum site density of 75 dwellings per hectare under the PDA Development Scheme
• Building heights of up to 27 metres permitted in this precinct
• Scope for high and medium density residential, mixed-use or SOHO-style development (STCA)
• Existing 3-bedroom highset home offers rental income or a liveable holding position while you plan
WHY PETRIE, WHY NOW?
Petrie’s median house value hit $1.05M in April 2026 - up 21.6% in just 12 months — with homes moving in a median of just 12 days. The catalysts are stacking up: the USC Moreton Bay campus is scaling toward 10,000 students, the Moreton Bay Indoor Sports Centre at The Mill is a confirmed 2032 Olympic venue with construction underway now, and Petrie Station puts the CBD 30 minutes away by rail. Add a structural undersupply of housing across South East Queensland, and PDA-zoned land like this becomes increasingly scarce.
LOCATION & LIFESTYLE - EVERYTHING AT YOUR DOORSTEP
Few sites in Petrie offer this level of walkable convenience. 5 Taylor Street sits inside the Mill Central precinct itself, placing future residents, students and commuters within minutes of the suburb’s key infrastructure, education and lifestyle amenity - with the Mill PDA’s own retail, dining and civic spaces set to land right on the doorstep as the precinct builds out.
A POLICY TAILWIND MOST SITES DON'T HAVE
The 2026 Federal Budget restricts negative gearing to new-build residential property only from 1 July 2027 — established dwellings lose the concession (properties purchased before 7:30pm AEST 12 May 2026 are grandfathered). Treasury and bank modelling both point to investor capital rotating toward new-build supply as a result.
For a PDA site like this one, that’s a direct tailwind: new construction on this land remains fully eligible for negative gearing, positioning a knockdown-rebuild or new-build project to capture investor demand that policy is actively steering away from established housing — right as The Mill’s own residential pipeline scales up around it.
WHY YOU'LL WANT TO ACT QUICKLY
Whether you’re a developer looking to secure a strategic PDA site or a buyer seeking a renovate-and-hold play in a suburb tipped for sustained growth, 5 Taylor Street, Petrie, deserves serious consideration.
Contact Sean McCreanor today on 0438 115 550 or email sean@affinityproperty.net.au to arrange a private viewing & discover all that this fantastic development site has to offer.
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