How Queensland is boosting the supply of land in SEQ

By Gerv Tacadena | 30 Jul 2021

The state government of Queensland has announced that it has already unlocked almost 50,000 residential lots in South East Queensland (SEQ), boosting the supply needed to meet the growing demand in the region.

The creation of the Growth Areas Team and the $92m targetted funding from the state were two main drivers of the increase in the available supply of land.

Steven Miles, deputy premier and minister for state development, said the government has listed increasing land supply as a key priority in its COVID-19 Economic Recovery Plan.

"Our strong health response to the COVID-19 pandemic has created a spike in interstate migration, which has put pressure on land supply across the state," he said.

The $92m investment towards the Building Acceleration Fund was aimed at improving and kickstarting infrastructure projects in communities such as Greater Flagstone and Ripley Valley and priority growth areas like Southern Redland Bay and Caboolture West.

“Greater Flagstone and Ripley Valley are both expected to be home to around 120,000 people, so it’s important we have the right infrastructure in place to support that growth," Miles said.

Below are the areas that registered an increase in residential land supply since Queensland started the project in November:

  • Caloundra South – 3,091 lots unlocked
  • Caboolture West – 3,000 lots unlocked and $10.5m from Building Acceleration Fund for water supply and sewage infrastructure
  • Southern Redland Bay – 5,000 lots unlocked and $15m from Building Acceleration Fund for a new wastewater management plant
  • Ripley Valley – 5,600 lots unlocked and $5.91m from Catalyst Infrastructure Fund for critical road infrastructure
  • Bahr’s Scrub – 1,700 lots unlocked and $15m from Building Acceleration Fund to improve access and transport efficiency
  • Greater Flagstone – 27,000 lots unlocked and $31m from Catalyst Infrastructure Fund for critical road infrastructure
  • Yarrabilba – 2,000 lots unlocked and $15m from Building Acceleration Fund for infrastructure for primary school site and roads

Top Suburbs : glendenning , flemington , chermside , stafford hts , torrensville

SHARE

Get help with your investment property


Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local mortgage broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.

 
How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here