Caboolture, QLD

Vacant residential development site with DA approval for 13 townhouses

The Loan is secured by first registered mortgage over a vacant 1,573m² development site at Elliott Street, Caboolture QLD, approximately 50km north of the Brisbane CBD. 

The site is zoned ‘General Residential (Urban Neighbourhood)’ under the Moreton Bay Regional Council Planning Scheme. The surrounding environment comprises older detached dwellings, retail amenities and recreational space. 

A Development Application was approved in November 2025 for a Multiple Dwelling (13 townhouse) project. 

The purpose of the Loan was to refinance existing debt and provide working capital to support acquisition of a related development site. 

The Borrower is a SPV managed by two (2) experienced directors, including a construction project manager and a trade contracting business owner, with a substantial net asset position.

The Borrower Group is well known to the Manager who has provided multiple loans to the Group. All facilities have been conducted in a prompt and punctual manner.

• The Loan was advanced at a Loan to Value Ratio of 70%.
• The Target Return is 8.30% p.a., net of fees and expenses, and is paid to Investors monthly in arrears.
• The Loan is supported by multiple joint and several guarantees and a General Security Agreement over the Borrower.
• Interest for the Loan Term has been lodged on deposit with the Manager.
• The Loan Term is 6 months, subject to early or late repayment, from 19 March 2026 to 18 September 2026.

Investment Details

• Target Return

  8.3% net

• Loan to Value Ratio

  70%

• Term

  6 Months

Full details, unique to each investment, are provided to Investors in a Supplementary PDS. These detailed Supplementary PDS’s are only available to Investors in Balmain Private.

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