Toowoomba, QLD 4350

Funding to assist with the delivery of Stages 2 and 3 of a multi-stage residential subdivision in Toowoomba, QLD 4350

Loan Amount: $5,864,075.00

Loan-to-valuation Ratio: 60% on an "as-if-complete" basis

Approved Loan Term: 18 Months

Project Overview:

The development involved the continuation of a large-scale residential subdivision designed to deliver a total of 141 lots across seven stages, with Stage 1 already completed and settled. Stages 2 and 3 comprised 33 residential lots, with land sizes ranging from 375m² to 545m² and an average of 416m². The estate included a future 3.9-hectare park dedication, landscaped streetscapes, and a building covenant to ensure quality and consistency across the community.

The development benefited from an approved planning permit and established infrastructure, with water and sewer connections available from prior stages.

Glenvale is a well-established suburb located approximately 7 km west of Toowoomba CBD. The area offers excellent connectivity and proximity to schools, retail, and recreational amenities, including Glenvale State School and Clifford Gardens Shopping Centre. The estate’s location and design cater to strong demand from both owner-occupiers and investors seeking affordable, well-located land in a high-growth regional market.

The quality of development in Glenvale reflected a mix of established housing and new estates, with a clear trend toward master-planned communities. This project aligned with that trend, delivering a premium product supported by modern infrastructure and lifestyle amenities.