Real Estate
8 May, 2025
Rainforest acreage for $2.5m
A LANDMARK 8ha (19 acre) parcel of land, once earmarked for redevelopment and nestled in the foothills of Mt Whitfield, has been listed for sale.
The property at 29 Magee St, Aeroglen, is 3km from both the Cairns CBD and international airport and only 2km from the coastline.
The land parcel is surrounded by rainforest, walking trails and some of the region’s most sought-after lifestyle precincts.
Listing agent Troy Stein from COMPANY RE said it was priced at just $2.5 million, or about $25 per square metre.
“The value is immediately clear. And with large parcels of land increasingly scarce, this close to the city, interest is already gaining momentum,” he said.
Mr Stein said the property offered something truly special.
“It’s the largest undeveloped site of its kind in Cairns and one of the last,” he said.
“You’ve got 19 acres (8ha) on the city fringe, steps from tourism trails, minutes from the airport, and just down the road from the Botanical Gardens and Edge Hill café precinct. It’s incredibly rare to find this amount of land,” said Mr Stein.
Set within 50m of the popular Mt Whitfield walking tracks, the site is directly adjacent to protected rainforest. Its elevated position, lush surrounds and connection to key tourism and lifestyle hubs make it a standout among regional offerings.
The location also places it within walking distance of the Cairns Botanical Gardens and the thriving dining and cultural hub of Edge Hill. With the potential for a council acquisition also in play, the site holds long-term strategic value.
“This isn’t just about what you can do now, but it’s about the legacy you can create in the future,” Mr Stein said.
“It’s a smart play for an astute, future-focused buyer who understands the power of location and timing,” he said.
“As Cairns continues to experience strong population growth and increased domestic and international tourism, demand for centrally located land will only intensify.
“This 19 acre site offers a rare, large-scale foothold in one of Queensland’s fastest-growing regions – a tangible asset with real holding power.”
In October 2023, the Cairns Regional Council rejected an application by the property’s owners Darwin-based Hamilton Mews Pty Lt to create 11 lots ranging from 646sq m to 2488sq m.
There were eight objections from residents concerned that the zoning was outside the urban footprint, there were flooding and drainage concerns, the impact on wildlife and habitat, the visual impact, increased traffic and noise and potential landslips.
For more information on 29 Magee Street, Aeroglen, visit https://bit.ly/4iEzkA1
