This article is from the Australian Property Journal archive
THE Moreton Bay Regional Council has given Stockland’s new community in the Caboolture West Growth Area the go ahead.
With the development approval in place, Stockland will inject around 2,000 new homes into the market with the project including a Stockland Halcyon lifestyle community, seven local parks, extensive areas of accessible parkland and the protection and rehabilitation of land for conservation purposes across the site and including the Caboolture River.
“Stockland is pleased to have development approval to build new affordable homes in Caboolture West and support the Queensland Government’s plan to create a new regional city,” said David Laner, general manager of Queensland development at Stockland.
The masterplanned community supports the Queensland government’s plan to establish a new thriving suburb for the growth area, supported by key services including primary schools, neighbourhood facilities, centres, parks, sporting fields and transport infrastructure.
In addition to the government’s commitment to boosting affordable housing and jobs in such high growth areas.
“A priority for Stockland is creating thriving communities and Caboolture West is no different. The future development will see extensive rehabilitation occur along the Caboolture River, new parks, and the upgrade of Caboolture River Road, which will assist with improved traffic connection for the community,” added Laner.
“Families will have good access to the existing Morayfield Shopping Centre and train station, and over time will be nearby to all of the future conveniences planned for the Caboolture West growth area.”
Caboolture West sits around 49 kilometres north of the Brisbane CBD, 38 kilometres northwest of Brisbane Airport and boasts easy access via the Bruce Highway.
Stockland is to work with the Queensland Government, Moreton Bay Regional Council and Unitywater to support the delivery of key infrastructure, with earthworks due to commence in 2024.
Stockland recently reported to being on track to deliver on its full-year guidance, thanks to higher pricing and increased enquiries for homes in its masterplanned communities as both metrics return to pre-COVID levels.
