A $40 million land estate in Narangba has sold out 106 residential lots across two stages, with first homebuyers making up most of the purchasers.
Sell-Out At Narangba Estate
The Junction Narangba, developed by Orchard Property Group, has officially sold all 106 lots across two stages. The $40 million project reflects ongoing demand for housing opportunities in the Moreton Bay Region, particularly among those entering the market for the first time.
Affordability Drives Sales
Lot prices in the estate began at $250,000, with sizes ranging from 225 square metres to 731 square metres. Orchard confirmed that around 60 per cent of all sales were made to first homebuyers. Many purchasers sought to keep house-and-land packages under $750,000 in order to qualify for Queensland’s first-home buyer grants.
Buyer Mix In Stage Two
Sales records show that the second stage included 49 lots. Of these, 36 were purchased by first homebuyers, eight by investors and two by subsequent homebuyers. The figures indicate that entry-level affordability was the main attraction for those securing property in the development.
Community And Location
The Junction Narangba is located off Callaghan Road and includes 1.3 hectares of green space with a park and children’s playground. Its position close to schools, transport and shopping centres means new residents will move into an established and connected area, rather than a developing site waiting for future services.
Market Conditions In South East Queensland
The complete sell-out of the estate comes during a period of record-low land supply in South East Queensland. According to recent reports, average land prices in the region now exceed $1,000 per square metre, adding pressure to areas such as the Moreton Bay Region where growth continues to intensify.
Timeline For Residents
Subdivision registration is expected in September 2025, with building works likely to begin before Christmas. The first group of residents are projected to move into the new community by mid-2026.
Published 30-Sep-2025