Fairland pays $22m for Morayfield land to cut 98 lots

Fairland has paid $22 million for two nearby blocks at Morayfield, in the City of Moreton Bay, with plans for 98 lots. Adpen was the seller, and JLL Land ran the sale.

For Brisbane builders and house-and-land agents, it is a signal that new lot supply is being lined up north of the city.

Real Estate Source reported the deal on 6 October 2026. We have not seen a settlement record or a council decision on the lots.

Why it matters

The land sits in Morayfield South, part of a growth corridor of about 900 hectares. It is roughly 40 kilometres north of the Brisbane CBD.

JLL Land agents Liam Petersen, Harrison Katsanevas and Jake Burrowes say the price is a record for a residential site of this scale in the catchment. That is the agents’ claim, and we have not tested it against other sales.

A record price tells you what land buyers think the corridor is worth. It also sets a benchmark for the next owner of a block nearby.

Landowners weighing a sale in the area will now have a $361 per sqm figure to point to. Builders and civil contractors should treat it as an early sign of work to come.

The report does not set out Fairland’s timing or product for the sites.

The numbers

The two sites total 6.1 hectares. They cover 2-22 and 34 Bridges Road, and 200-206 Hauton Road, Morayfield.

The reported price of $22 million works out at $361 per sqm of land. By our calculation, $22 million over 61,000 sqm confirms that rate.

Spread across 98 proposed lots, the price is $224,490 a lot. That is the cost of the raw land only. It leaves out civil works, headworks charges, finance and sales costs.

Those costs will push the finished lot price well above $224,490. We have no figures for them, so we do not estimate a lot price.

The surrounding precinct is planned for about 9,800 dwellings and about 26,000 people under a proposed structure plan. The word “proposed” matters here. A structure plan is not a final planning outcome.

Council has not, to our knowledge, approved the 98-lot layout. Report details describe it as the plan for the site, not a granted approval. We have cited only the sale report and have not confirmed any development application.

What’s next

The next steps are settlement and a development application, or confirmation of the existing one, with City of Moreton Bay. Fairland will then need a reconfiguring-a-lot approval before it can sell titled lots.

After that comes civil construction and registration of the plan with Titles Queensland. Only then can lots be sold to builders and owner-occupiers.

Watch for three things from here:

• A council decision on the 98-lot layout.
• Whether Fairland brings in a builder partner or sells lots direct.
• Whether further blocks in the corridor change hands at a similar rate per sqm.

For wider context on south-east Queensland land activity, see our Queensland market hub.

We will update this story if a council record or settlement confirmation appears.