CFMG Capital has strengthened its presence in Brisbane’s northern growth corridor with the $19 million acquisition of a 23.5-hectare site at 510 Bellmere Road, Bellmere.
The acquisition builds on CFMG Capital’s early 2025 purchase of a 178.1-hectare development site on Stern Road, Bellmere, acquired for $50 million and takes its total pipeline in the Waraba PDA to more than 1,700 lots across two projects, with a combined end value of more than $700 million.
The site was purchased from a local family and is adjacent to CFMG Capital’s existing holdings that will form part of the Ambury masterplanned community, one of the most significant new residential projects underway in the Moreton Bay region.
Ambury, scheduled for launch later in 2026, now comprises more than 200ha and will provide approximately 1,000 lots for home buyers over the next few years.
Ambury is located in the heart of Moreton Bay’s Waraba Priority Development Area (formerly Caboolture West), which will ultimately deliver around 30,000 dwellings for approximately 70,000 residents. The area is planned to provide a diverse mix of housing, including social and affordable options.
CFMG Capital General Manager Andrew Thomson said the company was confident in the long-term prospects of Brisbane’s northern growth corridor.
“For many years, the majority of Brisbane’s growth has been focused on Logan and Ipswich, but we expect this northern corridor to come into its own over the next decade,” Mr Thomson said.
“There is already a substantial amount of infrastructure in place and, with easy access to both Brisbane and the Sunshine Coast, the region has the potential to become South East Queensland’s next great city.
“We have $100 million in the region and expect to invest at least that again over the next decade as we bring Ambury and Bells Pocket to life.”
Ahead of the full delivery of the Waraba vision, future residents will benefit from established local infrastructure. Bellmere State School and Bellmere Early Education Centre are located approximately three kilometres away, while Morayfield Shopping Centre, Caboolture Square, East Caboolture Village and a range of recreational facilities are within six kilometres. Caboolture Hospital is located around 9.2 kilometres to the east.
CFMG Capital operates two core business divisions: a residential communities development business with a current pipeline exceeding 2,800 lots, and a funds management business that has raised more than $250 million in third-party equity.
With this new acquisition, CFMG Capital’s portfolio now consists of more than 3,000 lots in the pipeline across Queensland and Victoria. This includes a broad mix of projects designed to meet the needs of different buyers, from first home buyers through to upgrader families and investors.