2 Springfield StreetMacgregor QLD 4109
Property Details for 2 Springfield St, Macgregor
2 Springfield St, Macgregor is a 13 bedroom, 4 bathroom House with 6 parking spaces. The property has a land size of 2140m2. While the property is not currently for sale or for rent, it was last sold in March 2015.
Last Listing description (February 2026)
4,116m² MEDIUM-DENSITY DEVELOPMENT OPPORTUNITY | JUST LISTED
An extraordinary landholding positioned in one of Brisbane's most connected and high-performing growth corridors, this 4,116m² medium-density development opportunity represents a rare chance to secure a large-scale site with holding income and long-term development upside.
Comprising four adjoining titles with three street frontage:
2 Springfield Street, Macgregor - 2,140m²
2 Mintern Street, Macgregor - 582m²
4 Mintern Street, Macgregor - 683m²
6 Mintern Street, Macgregor - 711m²
TOTAL SITE AREA: 4,116m²
Location Highlights
Walking distance to Westfield Garden City, one of Brisbane's premier retail and dining destinations
Minutes to Griffith University, QEII Hospital, and major employment centres
Excellent access to major arterial networks including M1 Motorway, Gateway Motorway, and Kessels Road
Proximity to leading schools, childcare centres, and public transport
Development Potential
Zoned Medium Density Residential (Brisbane City Council)
Suitable for apartments or townhomes (STCA)
Increased building height limits allow developers to maximise design efficiency, outlook, and yield
Expansive 4,116m² site area across four lots provides flexibility for staged development or larger-scale delivery
Holding Income
Strong combined rental income of approximately $300,000 per annum
Multiple established assets provide immediate cash flow while planning or approvals are undertaken.
Previous DA Approval
The site previously held an approval for 95 apartments, comprising:
• 8 - 1-Bedroom Apartments
• 82- 2-Bedroom Apartments
• 5- 3-Bedroom Apartments
This proven concept underscores the site's suitability and potential for higher-density outcomes under current planning provisions.
Summary
A prime, income-producing development opportunity with unmatched accessibility and long-term growth fundamentals.
Opportunities of this calibre within Brisbane's inner-south are exceptionally rare, presenting outstanding scope for developers, investors, and syndicates alike.
FOR SALE NOW
For further information or to arrange an inspection, please contact:
Mark Smith
Property History for 2 Springfield St, Macgregor, QLD 4109
- 05 Nov 2025Listed for Sale FOR SALE NOW
- 18 Nov 2021Listed for Sale Price Reduced - Circa $8,000,000
- 24 Mar 2015Sold for $2,517,000
Recent sales nearby
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About Macgregor 4109
The size of Macgregor is approximately 2.7 square kilometres. It has 4 parks covering nearly 15.5% of total area. The population of Macgregor in 2016 was 5844 people. By 2021 the population was 5980 showing a population growth of 2.3% in the area during that time. The predominant age group in Macgregor is 20-29 years. Households in Macgregor are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Macgregor work in a professional occupation.In 2021, 61.20% of the homes in Macgregor were owner-occupied compared with 64.60% in 2016.
Macgregor has 2,285 properties. Over the last 5 years, Houses in Macgregor have seen a 107.95% increase in median value, while Units have seen a 95.13% increase. As at 28 February 2026:
- The median value for Houses in Macgregor is $1,594,886 while the median value for Units is $733,795.
- Houses have a median rent of $720 while Units have a median rent of $600.
Suburb Insights for Macgregor 4109
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