5 Taylor St

5 Taylor Street, Petrie is a 630m² landholding inside The Mill Central precinct — one of the few sites of its kind to come to market in Petrie’s 460-hectare renewal zone. A newly completed Site Constraint and Key Assessment confirms four things that matter most to a developer: genuine density upside, generous height, a clean title, and no flood, environmental or planning red flags.

✨THE UPSIDE: WHAT MAKES THIS SITE WORK✨

– Density is a floor, not a ceiling. The Mill PDA mandates a minimum of 75 dwellings/ha here — roughly 5 dwellings on this footprint at minimum compliance. There’s no cap; achievable yield is set by design quality against the PDA’s performance criteria, not a numeric ceiling.
– 27m of height to work with. This site sits in the general residential focus area (not a mapped Key Site), giving in-principle capacity for a mid-rise building in the order of 8 storeys using standard floor-to-floor allowances.
– A shape that suits a bigger building. 20.7m frontage on a wide, shallow block — easier to accommodate a street-fronting design and vehicle/basement access than most infill lots this size.
– Services already at the boundary. Water and sewer mains run along the Taylor Street frontage, with a maintenance access point nearby — the groundwork for connection is already in place.
– Broad use rights. Residential, mixed-use, SOHO, and student accommodation are all live options (STCA) — most development here is DA-assessable rather than facing a prohibited-use test, and the site sits near USC Moreton Bay’s growing student population.

✨A CLEAN SITE, CONFIRMED✨

The assessment removes the guesswork that normally slows a development site down:
– Clear of all four Council flood hazard categories
– Not listed on the Environmental Management or Contaminated Land Register
– No TMR road-widening or resumption requirement
– No tree or fencing disputes on record
– Clean title, no registered easements, current mortgage to be discharged at settlement

That’s a rare combination for a PDA site this size — strong upside without the usual list of constraints to work around.

✨THE PRECINCT, AND THE POLICY TAILWIND✨

Petrie’s median house value hit $1.05M in April 2026, up 21.6% year-on-year, driven by The Mill PDA’s $950M pipeline, USC Moreton Bay’s growth toward 10,000 students, a confirmed 2032 Olympic venue under construction, and Petrie Station’s 30-minute CBD rail link. From 1 July 2027, negative gearing concessions apply to new-build residential only — new construction on this site remains fully eligible, right as investor capital rotates away from established housing.

Existing 3-bedroom highset home offers holding income while a design is progressed. Developers and builders: contact the listing agent to request the updated Development Feasibility Pack, including the full Site Constraint and Key Assessment Report, title search and comparable sales evidence.

Contact Sean McCreanor today on 0438 115 550 or email sean@affinityproperty.net.au to arrange a private viewing & discover all that this fantastic development site has to offer.