SKF Development Secures Prime Sceniq Bilambil Heights Site in $16.5 Million Deal Amidst Soaring Residential Land Demand

Scenic Bilambil Heights by SKF Development
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SKF Development, a Brisbane-based company, has successfully acquired the Sceniq Bilambil Heights site on the Tweed Coast in a substantial $16.5 million transaction. This strategic move positions the company to capitalize on the escalating demand for residential land on both sides of the Queensland border. The Tweed Shire Council recently issued a construction certificate for the project, leading to the commencement of preliminary demolition and clearing works. Civil works are expected to kick off in early 2024.

The $59 million development is set to unfold on a consolidated 15.8-hectare site bordered by Walmsleys Road and Stott Street. It will feature 100 spacious residential lots, each averaging 1,200 square meters. The masterplan, inclusive of a community park designed by Urbis Landscape Architects, is slated to be completed alongside the first stage of homesites.

Sceniq Bilambil Heights Estate - Aerial
Sceniq Bilambil Heights Estate – Aerial

Acquired from Clarence Property Group, the Sceniq Bilambil Heights site is poised to offer large, elevated homesites boasting panoramic ocean views and hinterland vistas.

Eric Zhao, Director of SKF Developments, stated,

“We are developing a range of homesites to suit a variety of home designs, from level traditional blocks to gently sloping homesites, as well as a handful of larger lots suited to pole homes.”

Designed to cater to local families and upgraders seeking a tree-change with convenient access to the beach, schools, and infrastructure, Sceniq Bilambil Heights has already generated significant interest from locals eagerly awaiting the development’s commencement.

In the broader context, Sceniq Bilambil Heights stands among a diminishing number of active land estates in the Tweed, Gold Coast, and Ballina regions. According to research from RPM Group, there has been a notable 75 percent drop in new land projects released over the past two years. Despite the demand, there are only five active land estates in the Tweed Shire, with a combined potential to deliver 192 lots. This starkly contrasts with the region’s requirement to produce an additional 14,694 dwellings by 2041 to meet forecast population demand.

The Tweed Shire, Northern NSW.
The Tweed Shire, Northern NSW.

The population of Bilambil Heights alone is projected to grow by 80 percent by 2041, necessitating an additional 1,299 new dwellings. RPM Group forecasts that the Tweed region will benefit from Gold Coast residents spilling into northern NSW due to increasing population and housing shortages in the city.

Clinton Trezise, Managing Director of RPM Group Queensland, praised the acquisition, stating,

“The Sceniq Bilambil Heights site is a great acquisition by SKF Development. Not only does the site have approvals to develop land in an undersupplied and high-demand market, but it also possesses very attractive natural attributes such as elevated views to the Pacific Ocean and surrounding mountains and valleys.”

SKF Development plans to leverage the prime location of Sceniq Bilambil Heights by enhancing the outdoor lifestyle through a network of accessible walking paths intersecting at Sceniq Park. This aims to provide all residents with an active and connected lifestyle. Additionally, the community’s proximity to the Terranora Broadwater, Terranora Creek, and the Scenic to Peninsular Drive Cycleway offers over 3 kilometers of waterside pathways.

Sceniq Bilambil Heights is conveniently located, being just a 10-minute drive to Coolangatta Beach, the heart of the southern Gold Coast’s retail and restaurant scene, Gold Coast Airport, and with the M1 Motorway accessible within six minutes, providing easy and direct access to various employment and lifestyle options.

Note: The information presented in this article is for general informational purposes only and should not be relied upon as legal, financial, or professional advice. While we make every effort to fact-check and verify the information presented, we cannot guarantee its accuracy or completeness. Readers are encouraged to independently verify any information they find on our website and to consult with relevant professionals before making any decisions based on the information presented.

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