Four developers will break ground on south-east Queensland’s newest regional city, Caboolture West, in the next month.
Lennium Property, Orchard Property Group, Baycrown Property Group and Avid Property Group collectively will deliver 2000 parcels of land in one of the region’s biggest future communities.
In the next 40 years Caboolture West will accommodate about 70,000 residents and 30,000 homes.
The four new residential communities will feature a mix of affordable land lots, turnkey homes, and house and land packages, on blocks of 300 to 600 square metres.
The first neighbourhood display village, at the entrance to the new masterplanned precinct, is expected to open mid-2025, with civil construction works due to begin in October.
They will also undertake subdivision works to create the first registered blocks of land, which will be available for purchase this year and are expected to be completed in October 2024.
Caboolture West is slated to play a significant role in addressing population growth in the Moreton Bay region, which is forecast to grow to 690,000 residents—an additional 210,000 residents—by 2042.
AVID Queensland general manager Anthony Demiris said the landowners, developers and government bodies had worked collaboratively to unlock the potential of Caboolture West.
“The development approvals mark a major milestone in the creation of Caboolture West,” Demiris said.
“They are also the result of productive and collaborative partnerships between all levels of government, utility providers and landowners—all of whom have been unified in their goal to bring forward much-needed land and housing in the region.
“We are looking forward to breaking ground on site to get construction moving as quickly as possible to deliver the land and homes this growing region needs.’’
City of Moreton Bay mayor Peter Flannery said the greenfield developments would provide residents with a diverse range of affordable housing options.
“Well-planned communities like Caboolture West don’t happen overnight and are the result years of detailed land use and infrastructure planning and collaboration between all stakeholders.
“The ultimate winners will be its future residents who will benefit from walkable neighbourhoods, local parks, a district scale sports facility, a primary school, local shopping facilities and at least 70ha of green space with pedestrian and cycle paths along the Caboolture River.’’
Article source: Queensland Property Investor
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