News
5 August, 2021
Caboolture West gains 3,000 new building blocks in government land splurge
ALMOST 50,000 residential lots are being unlocked in South East Queensland since the 2020 State election, helping to cater for the region’s current and projected population surge.
The lots have been made possible following the creation of the Growth Areas Team and thanks to more than $92 million in targeted funding from the Palaszczuk Government.
Deputy Premier and Minister for State Development Steven Miles said tackling land supply challenges was part of Queensland’s 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,” Mr Miles said.
“Earlier this year I announced the new Growth Areas Team to help accelerate development and address land supply challenges to cater for Queensland’s booming population.
“And that’s exactly what we’ve achieved.
“We’ve announced more than $92 million from the Building Acceleration Fund, part of our new flagship Queensland Jobs Fund, and other catalyst infrastructure agreements, for projects that unlock land supply.
“This is targeted investment in catalytic infrastructure like key road and water projects in booming communities such as Greater Flagstone and Ripley Valley and priority growth areas like Southern Redland Bay and Caboolture West.
“The Growth Area’s Team has been working with local governments, industry and the utilities sector to tackle land supply issues in SEQ.
“They’ve worked with Moreton Bay Regional Council and Redland City Council to unlock approximately 8,000 lots across Caboolture West and Southern Redland Bay.
“Greater Flagstone will see around 27,000 lots unlocked with the help of $31 million from the Catalyst Infrastructure Fund for critical road infrastructure.
“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.
“While COVID has certainly spurred an increase in interstate migration, we would expect to see further increase over the coming years in the lead-up to the 2032 Olympic and Paralympic Games.
“Of course, it is not just the South East corner experiencing growth with regional Queensland also attracting new residents.
“This growth is being supported with around 60 per cent of this year’s $14.7 billion infrastructure allocation to be spent outside Greater Brisbane in one of the largest capital programs in recent years and will directly support around 46,500 jobs including close to 30,000 jobs in the regions.”
