Frasers add 3,800 land lots to growing residential portfolio with Gold Coast and Geelong acquisitions

Frasers Property Australia has significantly expanded its residential development pipeline, acquiring the Gold Coast's SkyRidge masterplanned community and a separate mixed-use development site in Geelong that together add around 3,800 homes to its future supply.

The larger of the two acquisitions is SkyRidge, a 334-hectare masterplanned community in Worongary on the Gold Coast, where Frasers has acquired the freehold land and development rights for approximately $170 million.

The transaction follows an expressions of interest campaign run by Ray White Special Projects and B&S Land last year and gives Frasers control of one of the Gold Coast's most significant remaining broadacre residential opportunities.

SkyRidge already holds approval for 3,500 homes and is currently the only active masterplanned community being delivered within the Gold Coast local government area. Frasers plans to develop around 3,000 homes alongside a neighbourhood shopping centre over the next 14 years.

The acquisition comes at a time when housing supply remains constrained across South East Queensland, particularly on the Gold Coast where opportunities for large-scale greenfield development have become increasingly scarce.

In addition to the homes, SkyRidge will ultimately deliver 75 hectares of parkland, conservation areas, a three-kilometre ecological corridor, more than 16 kilometres of walking and cycling trails, and a future neighbourhood retail centre.

Frasers' immediate focus will be delivering the 203 lots already under construction, with settlements expected from late 2026 through to mid-2027, while progressing approvals for future stages.

Located seven kilometres from Robina Town Centre and nine kilometres from Broadbeach, the community has attracted strong demand since its initial launch and is positioned to become one of the Gold Coast's largest new residential precincts over the next decade.

Some of Australia's best builders, including Metricon, Brighton Homes, Plantation Homes, Coral Homes, Clarendon Homes, Simonds, GJ Gardner, and Burbank, can all deliver homes at SkyRidge.

The Gold Coast acquisition was accompanied by a second purchase in Geelong, where Frasers has secured a 60-hectare site with existing planning approval for more than 720 homes.

The Victorian project, located near Armstrong Creek and the Surf Coast corridor, will be developed over the next five years and include a community facility, neighbourhood activity centre, local park and open space.

The acquisitions follow a series of major asset sales by Frasers Property, including the $400 million divestment of Eastern Creek Quarter in Sydney, the sale of Burwood Brickworks in Melbourne for $107.25 million, and the recent handover of its $285 million Build-to-Rent project, WeAreLiving Brunswick.

Frasers Property Australia Chief Executive Officer Cameron Leggatt said the transactions reflected the group's strategy of recycling capital from completed assets into new residential development opportunities.

“The successful execution of the sales of the WeAreLiving Brunswick Build-to-Rent project, Eastern Creek Quarter and Burwood Brickworks has enabled us to recycle capital into these new opportunities,” says Leggatt.

Combined, the two projects add approximately 3,800 homes to Frasers Property's national residential pipeline and further strengthen its presence across two of Australia's fastest-growing housing markets.

Emily Wood, Executive General Manager Development, says the company remains on the lookout for further opportunities to grow its residential development pipeline.

“This is a transformative year for the company as we focus on new acquisitions, allowing opportunities for our community-building and placemaking expertise to come to the fore.”