Insights > Deals
Serenitas agrees Mackay land‑lease community acquisition
3 November 2026 | Land acquisition | Australia | 386 units | Development
The operator has agreed to acquire QMackay's Rural View development site in Queensland, with settlement still to be completed.
Key details
Asset type | Development |
Location | Mackay, Australia |
Capacity | 386 units |
Buyer | Serenitas |
Seller | QMackay |
Value | Undisclosed |
The 15.07‑hectare site has approval for an over‑50s community. Serenitas plans to develop smaller lots while retaining the permitted housing yield. The approval process for the revised development stages is progressing, but the final stage remains under assessment.
Strategic context
Serenitas previously acquired Portarlington Lifestyle Village and additional land around Geelong. The Mackay acquisition adds an approved development site to its portfolio. Revising lot sizes may affect development costs and the product mix, but some revised stages are still awaiting approval. The agreed purchase therefore remains subject to settlement, outstanding planning approvals and phased development requirements.
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