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New Master Planned Development Delivers Housing For Booming Region

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 A new master-planned residential development is soon to launch in Narangba, north of Brisbane.

The site is being developed through a joint venture between Pointcorp and the Dahua Group. The lots will be delivered in ten stages and once complete will provide 467 house and land packages — with an expected end value of $222 million.

Pointcorp diversified into house and land packages last year launching their first land project — a 344-lot land division — in Coomera on the Gold Coast.

Last week, Queensland Acting Premier and Treasurer Curtis Pitt visited the master-planned site in Narangba.

Pitt said the Moreton Bay Regional Council was the fastest growing municipality in Queensland and one of the fastest growing regions in Australia.

“It’s forecast to grow in population by more than 40 percent over the next 20 years and there are plans in place for a range of residential housing for growing communities to call home,” Pitt said.

All house and land packages at Amity will qualify for the $20,000 Queensland first home owner’s grant.

“The grant can be applied to newly constructed homes up to $750,000 and not only help Queenslanders into their own home but also supports jobs in our building industry,” Pitt said.

Pointcorp’s Chris Vitale said the company acquired the land in January 2016 in partnership with Dahua.

“We’re designing a one-of-a-kind community not seen before, and our partnership with leading global developer Dahua Group will ensure we develop [a] wide range of affordable housing product,” Vitale said.

Amity’s future contribution to the region’s housing stock supply allowed Dahua to qualify for relief from additional foreign acquirer duty (AFAD). AFAD was introduced to ensure foreign acquirers of residential property who benefit from government services and infrastructure also contribute to their delivery, the same as local buyers.

“We welcome mutually beneficial foreign investment and by maintaining sufficient flexibility when it comes to the additional duty charged to foreign entities,” Pitt said.

Amity will launch to the public in October. The first stage of the community comprises 93 house and land packages ranging in price from $398,000 to $600,000.

Originally Published: www.theurbandeveloper.com

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Developments

Development Opportunity in Growth Corridor Hits the Market

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Development Opportunity in Growth Corridor Hits the Market

A development site in one of Moreton Bay region’s fastest growing residential areas has hit the market.

Expressions of interest are being sought for the 3,295sq m site at 144 Station Road, Burpengary. The asset has district centre zoning that allows for multiple uses.

The site is marketed by Ray White Special Projects Queensland’s Andrew Burke and Matthew Fritzsche.

Burke said the asset offered multiple opportunities that included childcare, commercial, retail and medium-density residential.

“The site is in the middle of the Burpengary retail precinct with neighbours like 7-Eleven, McDonalds, Aldi, Coles, Woolworths, World Gym, Kmart and many more,” he said.

“With easy access to the Bruce Highway, you would be 40 minutes north of Brisbane and just 30 minutes south of Sunshine Coast.

“The site is offered clear and mostly level and is within walking distance of retail and schools with the nearby Burpengary rail station serviced by the Caboolture Line.”

Development Opportunity in Growth Corridor Hits the Market 1
Expressions of interest are being sought for the 3,295sq m site at 144 Station Road, Burpengary. The asset has district centre zoning that allows for multiple uses. The site is marketed by Ray White Special Projects Queensland's Andrew Burke and Matthew Fritzsche. Burke said the asset offered multiple opportunities that included childcare, commercial, retail and medium-density residential. “The site is in the middle of the Burpengary retail precinct with neighbours like 7-Eleven, McDonalds, Aldi, Coles, Woolworths, World Gym, Kmart and many more,” he said. “With easy access to the Bruce Highway, you would be 40 minutes north of Brisbane and just 30 minutes south of Sunshine Coast. “The site is offered clear and mostly level and is within walking distance of retail and schools with the nearby Burpengary rail station serviced by the Caboolture Line.”

Fritzsche said Burpengary was a rapidly developing growth hub within the Moreton Bay Regional Council.

“There are 19,000 residents in the northern urban expansion corridor between the master planned community of North Lakes and the long-established regional centre of Caboolture,” he said.

“The site is along Station Road, a prominent local feeder road in the region, with the site enjoying excellent exposure to around 8,900 vehicles per day.

“The asset is surplus to the needs of our client and they are genuine sellers.”

Source: theurbandeveloper.com

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Developments

Strategic Land Parcels Hit the Market In One Line

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Strategic Land Parcels Hit the Market In One Line

Water supply statutory authority Unitywater is offloading three unique land parcels in Cashmere, west of Brisbane.

Subject to a reconfiguration of lots, the properties are offered to the market by way of expressions of interest closing 8 May, 2019, by Colliers International.

The properties, at Lot 1 and 3 Ira Buckby Road, are marketed both individually or in one line and combine a total area of 3.07-hectares with approximately 1.47-hectares of developable area, with excellent street frontage.

The properties neighbour the Cashmere Village Shopping Centre which comprises an IGA, medical centre, gym, veterinary, bottle shop and café deli.

Lot 1 is a 2.15-hectare parcel — subject to a ROL — and offers 5,896sq m of developable area. Lot 3 Ira Buckby Road is a separate parcel that totals 8,852sq m of developable land.

With rural residential zoning, within the urban footprint, all parcels are well-suited to specialist disability accommodation providers, residential aged care operators or residential developers and religious organisations.

Town planning reports reveal development possibilities for both properties under the council zone include dwelling house (considered acceptable as code) or the reconfiguration of lot considered with minimum lot sizes of 6,000 square metres.

Strategic Land Parcels Hit the Market In One Line 1

The properties are located 16 kilometres south of rapidly-growing North Lakes and 8.5 kilometres from the new University of the Sunshine Coast Moreton Bay Campus project.

An excellent opportunity like this will be hard to turn down when the area it resides in is one like this.

The Moreton Bay local government area is in south-east Queensland, about 100 kilometres north of Brisbane. The Moreton Bay local government area is Australia’s third largest Council with 449,310 residents.

Moreton Bay has a number of game-changing infrastructure investment projects in the pipeline including the $1.6 billion Bruce Highway expansion and upgrade and the $300 million University of the Sunshine Coast’s Moreton Bay Campus. Both pieces of infrastructure are scheduled to be completed in 2020.

The parcels of land at Lot 1 and Lot 3 Ira Buckby Road West, Cashmere are extremely well-located strategic land parcels that will attract a wide range of buyers given the significance of the sites.

Source: theurbandeveloper.com

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Developments

Boutique Development Sites in Brisbane Growth Corridor Hit the Market

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Boutique Development Sites in Brisbane Growth Corridor Hit the Market

A demand-driven market shift for affordable convenient living is expected to generate strong interest from builders and developers in two approved boutique development sites on the north side of Brisbane.

The sites occupy a prime boulevard setting across from the lake in one of Brisbane’s most successful masterplanned communities, Capestone Mango Hill, only 5 minutes to Westfield and North Lakes Town Centre.

CBRE head of metropolitan investments and development site specialist Jon Quayle is managing the sale of the “shovel ready” sites via a national expressions of interest campaign.

Zoned medium-density residential, the cleared and vacant Napier Avenue properties are 1,040sq m and 1,108sq m respectively with development and building approvals for boutique apartment developments comprising 17 predominantly 3-bedroom apartments in each.

Quayle said the Mango Hill and North Lakes region is recognised as one of Australia’s leading growth markets for population, infrastructure and employment.

“Which has contributed to a 25 per cent increase in median house prices in Mango Hill over the past 5 years,” Quayle said.

“This growth, coupled with the emergence of dedicated local industry, retail and lifestyle amenity and the soon to open nearby University of the Sunshine Coast campus, has seen a push by owners and investors for more affordable dwellings to cater for the demographic shift and second generation residents who want to stay in the region but with the benefit of affordability and convenience over a traditional house,” Quayle said.

Boutique Development Sites Brisbane Growth Corridor Hit the Market

The Capestone development sites are located within 300 metres of a future shopping village, 400 metres to a recently opened childcare centre and has easy access to 4 leading primary and secondary schools within a 1.5 kilometres radius.

Quayle said that a game changer for the success of apartments in the area was the opening of the Moreton Bay rail link, with the East Mango Hill Station only 500m away creating easy access to the new university, Brisbane CBD and beyond.

“There has been just one other apartment building delivered in the immediate area which was completed last year and is of comparable design, bulk and scale to what is proposed for the 56 & 64 Napier Avenue sites,” Quayle said.

“Individual apartments sold in that building for prices up to $462,000 including a resale late last year for more than its original purchase price.

“Evidently demand exists for new, good sized apartments in the area yet there is still a lack of this product.

“This is the opportunity that exists for a builder or developer to take advantage of by securing one or both of these rare approved medium density development sites.”

56 & 64 Napier Avenue, Mango Hill will be sold individually or as a pair with expressions of interest closing at 4pm, 2 May 2019.

Source: theurbandeveloper.com

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