Located within The Mill at Moreton Bay Priority Development Area, the site at Petrie is approved for a 12-storey mixed-use project comprising:
- 90 PBSA studios
- 23 residential apartments
- Ground-floor food and beverage tenancies
- Level 6 communal amenity space
The approved scheme delivers approximately 11,735sqm of GFA across a 1,234sqm site, positioned just 400 metres from the UniSC Moreton Bay campus.
Development approval was issued by Economic Development Queensland in December 2024 under approval reference DA/42449/2020/V2.
Designed for Delivery Flexibility
The project has been deliberately designed to support both modular and conventional formwork construction, giving developers flexibility around delivery methodology and cost management.
Importantly, the approved plans avoid curved walls and unnecessary structural complexity, allowing for more efficient construction outcomes. An indicative quote from a modular specialist builder is also available to qualified buyers.
For developers seeking alternative product configurations, the approved scheme can also be adapted toward a more traditional strata outcome.
Strong Education-Led Demand Fundamentals
The opportunity is positioned within one of South East Queensland’s most active urban renewal precincts, underpinned by the rapid growth of the UniSC Moreton Bay campus and surrounding infrastructure investment.
Importantly, multiple discussions have already been held with UniSC, with the university expressing support for directing students toward the completed accommodation offering. This early engagement provides additional confidence around future lease-up assumptions for the PBSA component.
With no directly competing PBSA product currently operating within the precinct, the project presents a rare first-mover opportunity in an undersupplied market.
Transit-Oriented Development Positioning
The approved scheme incorporates two levels of basement parking, delivering:
- 42 car spaces
- 4 motorcycle bays
- 69 secure bicycle spaces
The lean parking allocation reflects the project’s transit-oriented positioning within the PDA, supported by close proximity to Petrie railway station and major surrounding infrastructure.
A Rare Approved Opportunity Within The Mill Precinct
As activity accelerates across The Mill at Moreton Bay, opportunities with full planning approval and clear delivery pathways remain limited.
Combining PBSA, residential and retail activation within a major education corridor, the project offers developers multiple exit strategies and exposure to one of South East Queensland’s most closely watched growth precincts.
EOI closing Thursday 26th May 2026. See more here >> https://www.developmentready.com.au/properties/3-5-mill-street-petrie-qld-4502-unisc-university-pda-254981
