Queensland is set to benefit from new residential communities, with more than 2000 additional lots and apartments in the next 12 months.
The new Queensland communities form part of a three-year growth strategy for Australian community developer, Villawood Properties, as the company aims to increase its footprint in innovative and sustainable broad-acre housing development along the eastern seaboard.
The two new projects in Queensland are among the 13 new housing projects Villawood has planned for growth corridors and infill sites, which represent a total land value of $60 million.
Montego Hills, located at Kingsholme on the Gold Coast, is expected to launch first land sales within the next two months. This acreage community consists of 150 lots, ranging in size between 4000sqm and 8000sqm.
The other new community at Helensvale, to be called Elandra, is expected to launch in 2016 and feature a new display village and more than 2000 lots and apartments.
Villawood has created more than 60 communities during the past 25 years with a key focus on amenities including parks, open space and reserves, public art and resident clubs.
Co-executive director Tony Johnson said Queensland plays an important part of the company’s pipeline as the state’s growth corridors and rebounding residential property market present opportunities to grow and diversify.
“In Queensland we have previously developed small residential communities at Dakabin and just across the border at Casuarina Beach. However, these two new communities will allow us to truly showcase our ability to create innovative and sustainable communities at the leading edge of urban design,’ said Mr Johnson.