Land lease newcomer sells second stage before public release
- Big ambition: Millbray targets 5,000 land lease homes
- Strong demand: Ashcroft’s first two releases sold out
- Community rising: Display homes open later this year
- Next release: Buyers queue for August launch
Macquarie Asset Management officially unveiled Millbray, a new vertically integrated land lease community group, with plans to deliver at least 5,000 homes in September 2025.
The $2.9 billion Macquarie Real Estate Partners fund revealed that it had secured more than 2,000 lots across eight projects in southeast Queensland and NSW, when it began construction of its first community Ashcroft in Flagstone, south of Brisbane, in September last year.
Ashcroft has now sold out its second release of homes solely via Expressions of Interest, despite the stage not yet being publicly launched and the sales gallery remaining unopened.
Community taking shape
“Construction is progressing well across the community, with significant works underway and the display homes now taking shape,” Millbray said in a statement.
“These homes will provide customers with their first opportunity to experience the quality, craftsmanship and considered design that defines the Ashcroft collection when they open later this year.”
Millbray House,a dedicated sales gallery located at Ashcroft, is set to open in July.
Release 3
With Release 2 fully sold out, the third stage of homes is expected to be released in August.
“Customers interested in securing a home in future releases are encouraged to register their interest now,” Millbray added.
“As demonstrated by Releases 1 and 2, early registrants will be best positioned to receive updates and access to upcoming releases before they become publicly available.”
