From development land, residential land to townhomes whatever you are looking for RPM has the ideal location for you.
As Brisbane’s inner west navigates accelerating population growth and a lagging supply pipeline, a rare opportunity has emerged in tightly held Auchenflower.
A 1,430sqm riverfront development site at 355 Coronation Drive and 6 Lang Parade, named ‘Coronation & Lang’ (C&L), has been listed for sale, marking its first appearance on the market. With dual street frontages, 30 metres of direct river frontage, and uninterrupted views to both the CBD and Mt. Coo-Tha, the site offers significant potential for high-density residential development.
Projected growth, limited supply
Forecasts show Auchenflower’s population will increase by nearly 1,900 residents by 2046, yet new apartment delivery remains low.
“It’s unusual to see a location forecast for 16% population growth with so little new development actually being delivered,” said James Matley, QLD Sales Director of Transactions & Advisory.
Only 18 new building approvals have been recorded in the suburb since July 2021, despite mounting demand from downsizers, affluent professionals, and interstate movers seeking amenity-rich, inner-urban living.
Prestige location with height uplift potential
Zoned High Density Residential (HDR1), the site allows for buildings up to eight storeys, with additional height and yield potential subject to council approval. Few sites in Brisbane offer this combination of river outlook, proximity to the CBD, and flexible development conditions.
“Buyers are prepared to pay a premium for the right location, views, and walkable amenity,” said James.
“But the supply pipeline isn’t keeping up, especially in prestige corridors like this one, where zoning and site scale rarely align.”
Strong market performance in Auchenflower
Auchenflower’s median unit price has increased 42% in the past two years, reaching $817,848 as of May 2025. Over five years, unit values have grown by more than 60%, driven by the suburb’s lifestyle, connectivity, and appeal to high-income buyer cohorts.
Nearby prestige projects such as Arc (Toowong), River House (Kangaroo Point), and Gaia (Kangaroo Point) are achieving sales averages around $20,000/sqm.
Site available via Expressions of Interest
355 Coronation Drive and 6 Lang Parade, Auchenflower is being offered for sale via Expressions of Interest closing Thursday 21 August 2025 at 4pm AEST.