Home Builders May Deviate From Fixed-Price Contracts as Costs Continue to Grow
The demand for newly built homes is high, but Aussie builders are…
2 October 2019
Queensland government and Logan City Council have committed to $1.2billion infrastructure project for the Yarrabilba and Greater Flagstone area.
This deal is the largest infrastructure agreement to be approved by any Australian government and will secure the infrastructure needs of the community over the next 45 years, stated Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick.
This area has seen the highest growth rate in south- east Queensland and is now set to grow even further with nine key developers set to deliver essential infrastructure including roads, water and sewage facilities to the two areas. The total residents between these two developments is estimated to be at 200,0000 by 2066.
This new infrastructure project has sparked 1700 more housing lots set to be released in Flagstone by developer Peet Limited. The houses will be built across stages 2-5 of the flagstone development and will also include a third shopping centre, a community centre and a main road extension.
Villa World and Sydney’s Rich Lister Perich family have joint venture to develop a $650million, 1500 lot Covella community in Greenbank. This project consists of 27 stages and includes both lot sales and house and land packages. Mr Perich’s family business has great experience developing new suburbs and has built Oran Park, one of the newest suburbs in Sydney’s south west.
Two primary schools, a new retail precinct and several recreational parks are also under development. A state primary and high school are scheduled to open in 2020 as well as independent schools. There are two further schools (one state and one independent) each in the planning phase for greater Flagstone and Yarrabilba. This is all in preparation for the huge influx of young families choosing to raise their children in this prospering new town development.