Development group Chapter Two is strengthening their presence in Brisbane’s North with the unconditional acquisition of 321 Roghan Road, Taigum - an advancement for their land development pipeline.
Oliver Bagheri, Co-Founder and Director of Chapter Two, says the site is one of the last in-fill development opportunities in the area. Industry sources say the 26,000 sqm plot was purchased for a little over $5 million.
With the rising demand for new housing in Brisbane, Chapter Two is proposing a boutique subdivision that will accommodate approximately 30 new homes and a public parkland.
“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,” says Bagheri. “There is simply not enough supply for the ever-growing list of purchasers that want to call Taigum home.”
Currently, Chapter Two has a total land pipeline of 140 lots across the Brisbane and Moreton Bay areas. Having been on a buying spree over the past few months, they have purchased several parcels in nearby Bridgeman Downs and McDowall as well.
“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 explains.
Chapter Two is as enthusiastic about vertical developments as they are with land. Down in Coolangatta’s Rainbow Bay will be Chapter Two’s $135 million apartment project Holm. This luxury development will headline their upcoming apartments and townhouses currently under construction and in planning across Brisbane and Gold Coast. Eden, a luxurious collection of only five exclusive beach villas, is another development soon to come in the quiet, leafy Gold Coast suburb of Tugun.
Chapter Two, founded by Oliver Bagheri and his long-time friend and colleague Jon Quayle, has garnered a development pipeline worth over $300 million. Their focus remains solely on South-East Queensland.
“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,” says Bagheri. “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.”
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Header image of the Taigum site courtesy of Chapter Two.
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