Stockland has started building three new communities in south east Queensland that will deliver a $12.25 billion boost to the state’s economy and almost 4,500 new local jobs.
The unprecedented burst of new construction activity is being led by Aura on the Sunshine Coast – Australia’s largest ever master-planned community under single ownership. Earthworks and new roadworks are now well advanced, with the first public land sales to pre-registered customers scheduled for this weekend.
The official sales launch of Aura will be closely followed by the launch of Stockland’s Newport waterfront and bayside community on the Redcliffe Peninsula, and then Pallara – a new residential community just 19 kilometres south of the Brisbane CBD.
Together the three communities will deliver an estimated 22,420 new homes in key growth corridors and provide future employment opportunities for approximately 43,500 people.
Newport and Pallara to be developed over the new few years, while Aura will be developed over the next 20 to 30 years to become a new, city-sized collection of residential villages, schools, business parks, retail and leisure precincts, sporting venues, green spaces and ecological zones.
Kingsley Andrew, Queensland General Manager at Stockland, said the consecutive activation and launches of Aura, Newport and Pallara represented a strong vote of confidence in Queensland by Australia’s largest diversified property developer.
Mr Andrew said the three new communities would take the number of active Stockland communities in Queensland to a record 16 projects.
He said modelling undertaken for Stockland by leading consultancy group Urbis identified the expected benefits of the projects in terms of the direct and indirect increase in employment and the total economic contribution.
Source: Urbis, Stockland
*Measured by Value Added Expenditure during project development phase