Chapter Two expand Brisbane pipeline with Taigum land purchase
South east Queensland developer Chapter Two have expanded their land development pipeline in Brisbane, securing a 2.6 hectare site in Taigum, in Brisbane's north.
Chapter Two, founded in 2020 by Oliver Bagheri and Jon Quayle, are seeking to strengthen their presence in Brisbane’s north side to meet much-needed demand for new housing.
They are believed to have paid just over $5 million for the land subdivision at 321 Roghan Road, which will accomodate around 30 new homes as well as dedicated public parkland backing on to Cabbage Tree Creek.
Bagheri said the site represented one of the last significant in-fill development opportunities in the area.
“Taigum is a very localised and tightly held suburb that has seen a spike in popularity in recent years with families drawn to its new amenity, relative affordability compared to surrounding suburbs and superb connectivity to major retail, health and employment nodes,” Bagheri said.
“At present there are only 8 established homes for sale in Taigum, representing around 0.3% of the suburb’s total residential properties, with most several decades old. There is simply not enough supply for the ever-growing list of purchasers that want to call Taigum home."
It's been a busy few months for Chapter Two, who have secured several parcels nearby in Bridgeman Downs and McDowall, bringing their total land pipeline to 140 lots across the Brisbane and Moreton Bay council areas.
The development group are just as bullish in the vertical space as they are on the land, with a number of apartment and townhouse developments across Brisbane and the Gold Coast under construction and in planning, headlined by the $135 million Holm apartment project in Coolangatta’s Rainbow Bay.
“Brisbane, Gold Coast and the Sunshine Coast are now fully fledged mature markets and not the little brother city or sleepy coast villages they once were,” Bagheri added.
“The key population growth, infrastructure spending and job creation fundamentals supporting South-East Queensland show no sign of slowing, particularly with the Olympics still a decade away. Compound that with a distinct value proposition compared to Sydney and Melbourne, a still relatively low cost of borrowing and of course our desirable lifestyle and climate makes South-East Queensland and in particular the greater Brisbane region an attractive place to be for many years to come."
