26 August 2016
3 min read
Land releases at the $590 million Newport community have resulted in more than 100 residential lots being snapped up by pre-registered buyers. Developer Stockland had 2000 registrations of interest after the project was made public earlier this year.
The first home sites were made available at the end of April, to preregistered buyers.
Work is now well under way on the infrastructure – including streets, home sites and services – at the new waterside community on a 143ha Redcliffe Peninsula site. The project, eventually to become home to about 5000 residents, will feature a proposed 23ha lake with a navigable lock and highmast access to Moreton Bay. There is a proposed 2.9ha ecocorridor, a village centre and multiple open spaces connected by kilometres of paths and bikeways.
Construction on the first homes is scheduled to start before the end of 2016 with the first residents expected to move in mid-2017.a
Stockland regional manager David Laner was delighted with the initial buyer response. “We are thrilled with the strong demand for home sites ... It shows that there is a real desire for people to live at this exciting new community,” he said.
“Many of the sales have been to people who live in the immediate area and they can’t wait be part of this new masterplanned community.
“We needed to fast-track the early release of residential lots for pre-registered customers to meet demand for the home sites, and we are expecting the sales to keep gaining momentum now that the official public land release has occurred.
Recent additions to Newport include a nautical-themed adventure playground which has opened next to the sales and information centre on the corner of Griffith and Boardman roads.Located by the water, the playground features a shaded play area with cubby houses connected by a drawbridge, slides, swings and a treasure chest. An Izba Espresso cafe ihas opened beside the park.
Stockland's economic modelling, completed by consultancy group Urbis, revealed that the masterplanned community would deliver an almost $1 billion boost to the southeast Queensland economy during its development. Newport will also generate more than 2000 direct construction jobs. It is expected to provide almost 1000 direct and indirect local jobs once the masterplanned community is complete.
