Tweed cattle farm could turn into hundreds of houses in ambitious subdivision plan at Bilambil Heights

Tweed is in line to get hundreds of new homes to help address a “critical” housing shortage. It follows a big land sale. See what’s in the works.

The property could host hundreds of homes. Picture: Colliers.

A multimillion-dollar property sale at Bilambil Heights is tipped to result in hundreds of new homes built in the Tweed, amid a “critical” housing shortage.

Concept plans have been revealed to subdivide a 50.18ha site on Mcallisters Rd into 211 lots for homes, with a mixture of urban lots and rural residential lots.

The proposal will need the green light from Tweed Shire Council.

Colliers Gold Coast director Steven King.

Colliers Gold Coast director Steven King said the acreage “holds the key to addressing the pressing issue of land supply and housing opportunities in the Northern Rivers”.

“The scarcity of available land for residential development has reached critical levels in the Northern Rivers region,” he said.

The former Tweed cattle farm. Picture: Colliers.

“As urban areas expand and demand for housing surges, the need for suitable land becomes increasingly vital.”

The plan is yet to be submitted to the council, but if approved, would see a mixture of lots with an average size of about 1570 sqm – ranging from about 450 sqm to 33,240 sqm.

The median property prices in Bilambil Heights over the last 12 months range from $863,000 for houses to $544,050 for units – with about 1300 potential buyers expressing interest in property in the same period, according to Realestate.com.au data.

The site was sold in February for $8.6m, while it was a working cattle farm. It had been used for that purpose for generations.

The Bilambil concept plans have been revealed as the massive $900m Tweed Mall overhaul is before Tweed Shire Council. Picture: Elanor Investors Group.

Colliers has asked developers to submit their best offers for the land by July 13.

“We’re asking buyers to put their best offer forward, and we will consider those offers with our client,” Mr Linnane said.

The site is located about 9km from Tweed Heads and is already mostly zoned as general residential and large lot residential.

Collier’s residential director Troy Linnane said he expected “sophisticated developers” would be keen to get on-board.

Mr Linnane said there was a “chronic undersupply of suitable housing” in southeast Queensland and the proximity of the site to amenities made it an ideal location for the housing project.

Originally published as Tweed cattle farm could turn into hundreds of houses in ambitious subdivision plan at Bilambil Heights