A waterfront development site approved for a multi-building apartment project has been listed for sale in Deception Bay, highlighting renewed interest in residential development within the growing Moreton Bay area.
Approved Development Site In Deception Bay
The land is located at 5–7 Wallin Avenue and 7 Captain Cook Parade, and covers approximately 4,785 square metres with direct access to the foreshore.
Planning approval allows for the construction of 95 apartments across three residential buildings, along with 101 car parks. The approved project includes a range of apartment sizes, including one-, two-, three- and four-bedroom units.
The site is currently being marketed through an expressions of interest campaign closing at 4 p.m. on 9 April 2026.
Development Approval Background
Approval for the project was granted in August 2025, allowing redevelopment of the foreshore parcel for residential use.
The site has previously received development approvals in 2013 and 2016, although those proposals were not progressed.
Public descriptions of the approved buildings indicate three structures of varying heights positioned across the site. Some reporting describes the development as including one smaller building and two taller residential buildings, with minor differences in the reported storey counts.
Housing Demand In The Area
The listing comes during a period of tight housing supply across the Moreton Bay region, where rental vacancy has been reported at around 0.83 per cent.
Median house prices in the area reached approximately $939,000 in 2025, following several years of sustained growth.
Property listings have also been reported as 18 per cent below the five-year average, reflecting limited available housing stock in the market.
These conditions have increased attention on development sites that already hold planning approval and can move forward without further approval processes.
Expressions Of Interest Campaign
Waterfront development sites of this scale are uncommon within established coastal suburbs such as Deception Bay.
The current campaign invites interest from developers and investors seeking approved residential projects within the Moreton Bay growth corridor.
Expressions of interest for the site are scheduled to close at 4 p.m. on 9 April 2026.
Published 10-Mar-2026
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