Greater Flagstone is the largest residential priority development area in Queensland. On paper, it will eventually house a city-sized population. In 2026, three things changed at once. The first homes in Peet’s newest precinct were due, and a private school opened its gates. Also, the developer behind the original Flagstone estate agreed to a takeover. So here is where the corridor stands, what’s funded, and what is still a line on a map.
Written by Daniel Whitfield, founder of Australia Develops. An accountant by background who has bought land and built a home himself, he researches property development and planning across Australia using council reports, planning records and government data.
Where Greater Flagstone is, and how big it gets
The priority development area (PDA) sits in Logan City, around 50 km south-south-west of the Brisbane CBD. It lies just north-west of Jimboomba. The Queensland Government declared it on 8 October 2010. That means Economic Development Queensland (EDQ) makes planning decisions inside the boundary, rather than Logan City Council.
The headline numbers have grown since 2010. EDQ’s October 2025 update puts the PDA at more than 51,500 homes for a future population of 138,000. But earlier EDQ releases, including the 2025 Peet precinct approval, still quote “around 120,000 residents” and over 30,000 jobs. So you’ll see both figures floating around. For context, the suburb of Flagstone itself counted just 7,087 people at the 2021 Census.
Who is building Greater Flagstone
Three big landholders carry most of the corridor, but each one is at a different stage.
- Peet (Flagstone). It’s the oldest and most established estate, with roughly 12,000 residential lots in total. It also has a planned 126-hectare city centre. EDQ says about 40 new families move in each month.
- Mirvac (Everleigh and Monarch Glen). Everleigh has delivered more than 1,100 homes. Then in August 2025, EDQ approved another 354 homes on 53.4 hectares at its eastern edge. Lots range from 180 m² terraces to 775 m² detached blocks. The approval also includes a future state secondary school site. Further along, Monarch Glen should unlock 7,000 lots with $8 million of state catalyst funding.
- Pacifiq Communities (Riverstone Springs and Flinders Lakes). This is the southern half of the PDA, covering more than 21,000 lots. EDQ’s Catalyst Infrastructure Fund put around $36 million into roads such as Teviot Road and Flinders Lakes Drive. That money is what made it viable.
Pacifiq’s project director told EDQ that the catalyst money “made the difference between feasible and non-feasible projects”. That’s worth remembering. The southern half of Greater Flagstone only works because the state is fronting the trunk roads, water and sewer.
Peet’s newest precinct: 1,631 lots
On 29 May 2025, EDQ approved a new Peet neighbourhood with 1,631 residential lots and nine non-residential lots. That’s room for roughly 4,500 people. The approval also includes land for a future state primary school and regional sport and recreation facilities. On top of that, it covers a retail and dining precinct and green corridors. Construction was due to start in August 2025, with first homes expected by mid-2026.
The Department of Education lists a new Prep to Year 6 primary school for Greater Flagstone. Its target opening is 2030. But it’s still in planning, and the department hasn’t set the budget or builder yet. So families buying into the newest stages should expect to drive to an existing school for the first few years.
What opened in Greater Flagstone in 2026
The biggest arrival this year was St Bonaventure’s College, a Brisbane Catholic Education school. It opened on 3 February 2026 with 160 students in Prep to Year 3 and Year 7. The campus covers 7.9 hectares, and the school plans to grow past 1,800 students from Prep to Year 12. It joins Flagstone State School and Flagstone State Community College. Both have been running since the late 1990s and early 2000s.
On the roads, Logan City Council started early works this year on a signalised intersection. It sits where Teviot Road, Homestead Drive and Glynton Road meet. At this point, Teviot Road carries around 12,000 vehicles a day. The council-funded job adds traffic lights, extra turning and through lanes, a slip lane, a median and bike lanes. Then the council plans the main construction for later in 2026.
If that intersection looks rural, that’s the point. Much of Greater Flagstone is still bushland and acreage. So the road network improves one junction at a time, as each new stage comes online.
The takeover: Ingenia, Peet and Brown-Neaves
On 26 August 2026, Peet entered a binding scheme with Ingenia Communities. Ingenia offered $2.185 a share (including a 6.5-cent dividend), valuing Peet at more than $900 million. To help fund the deal, Ingenia agreed to sell 49.9% of the Flagstone asset to Brown-Neaves Investments. That sale carries an enterprise valuation of $615 million. The combined group would also keep running the project’s planning, development and marketing.
Peet expects the shareholder vote in early December 2026 and completion in late December. But there’s a complication. Ingenia itself has been fielding a revised takeover proposal from Warburg Pincus. Still, on 28 September Peet told the market the scheme “remains in effect” and the timetable hasn’t changed.
For buyers, a change of ownership doesn’t cancel a land contract. That’s because your contract is with the land-owning entity, while the deed is about who owns that entity. What can change is the pace of releases and the pricing strategy. So can how much the new owners want to spend early on town-centre amenity.
The rail line that keeps appearing in brochures
Peet’s marketing describes a passenger line from Salisbury to Beaudesert. It would connect Flagstone to the Brisbane CBD “in under 45 minutes”. But here is what has actually happened. In November 2019, the federal and Queensland governments signed a $20 million agreement, split 50:50, to plan the line. Since then, they’ve finished the early business case stages, a strategic assessment and a preliminary evaluation. The next step the Department of Transport and Main Roads lists is technical work to pick and protect a corridor. After that comes community consultation.
No construction money exists, there’s no confirmed station list, and there is no opening date. So anyone telling you a Flagstone station is coming should be able to point to a funded budget line. Right now, nobody can.
How Greater Flagstone compares with Yarrabilba and Ripley
Greater Flagstone is one of three big EDQ-run corridors in south-east Queensland. Yarrabilba, also in Logan, has a Westfield-anchored town centre on the way. Flagstone’s city centre is still some years behind that. By contrast, Ripley Valley near Ipswich is closer to a rail extension in planning terms. It also already has a working Providence town centre. Flagstone’s edge is scale, because it has more land approved and more developers competing. That tends to keep lot prices honest.
My read: Greater Flagstone is a genuine long-term growth area, but the timeline runs in decades, not years. Today you can rely on the approved lots, the schools that are actually open and the roads under construction. The town centre and the rail line are what would turn it from a commuter suburb into a city. Yet neither has a date. So I’d buy here for the land and the price, not for infrastructure nobody has funded yet.
Weighing up a block here as a first home buyer? Then check how the 5% deposit scheme caps apply in Queensland before you sign anything.
This article is general information based on EDQ, Queensland Government, Logan City Council and ASX announcements available at publication. It isn’t financial advice. Approvals, timelines and the Ingenia-Peet transaction can change, so check current details with the developer and EDQ before you buy.
