Lower than an hour’s drive north of Brisbane’s CBD, what was as soon as a patch of filth is slowly reworking into Queensland’s latest metropolis.
Previously often called Caboolture West, Waraba will finally be dwelling to 70,000 residents and about 30,000 houses — comparable in dimension to Mackay.
It’s one of many few areas the place new housing is underway because the state grapples with a provide disaster and hovering land costs, and builders scramble to seek out infill residential websites to fulfill demand.
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Waraba might be dwelling to 70,000 residents by the point its completed – a brand new metropolis the dimensions of Mackay.
Development has simply completed on stage certainly one of Waraba’s first neighbourhood, Lilywood Landings, by Lennium Group, will embrace 228 residential heaps, in addition to a childcare centre and a service station.
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Driving by the show village with its image good houses feels a bit of like one thing from The Truman Present, however with a beginning value of $280,000 for a 315sqm plot on which you’ll be able to construct a four-bedroom, two-bathroom home, it’s no surprise consumers are flocking right here.
To the south of Flagstone in Logan, Flinders Lakes is one other new metropolis of 52,000 residents that may quickly come alive, with building of the primary houses to start out later this 12 months.
A rnder of the housing property, Lilywood Landings, by Lennium Group.
Then there’s Stockland’s five-suburb metropolis, Aura, on the southern finish of the Sunshine Coast, the place greater than 50,000 folks will finally stay.
Aura will ship greater than 20,000 houses throughout 2400ha of residential group.
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Whole new suburbs are additionally taking form comparable to White Rock, within the Ripley Valley, 35km from Brisbane’s CBD, which can comprise about 2500 houses.
Kinma Valley Property, in Morayfield north of Brisbane, is one other 2000-home group taking form, with land ranging from $458,000, and houses beginning at $298,000.
Stockland’s Aura show village.
Venture dwelling builder, Creation Properties, will start over 400 new dwellings this monetary 12 months — many in these new master-planned communities.
Creation Properties basic supervisor Peter Ryan mentioned regardless of these new suburbs and tasks launching, there was nonetheless a “big lack” of recent land provide for all purchaser profiles throughout southeast Queensland.
Mr Ryan mentioned many consumers had been ready 12 months or extra from the date they bought their land to the date their builders might begin building.
Peter Ryan, Creation Properties basic supervisor. Picture provided.
“Land costs proceed to develop per new stage launch at charges by no means seen earlier than in southeast Queensland due to the dearth of provide and the demand pressures from new dwelling builders,” Mr Ryan mentioned.
“That is squeezing many consumers out of the market. Pressing motion is must fund native and regional infrastructure so new tasks may be delivered to market so that provide and competitors can enhance, which can assist new dwelling consumers.”
Oliver Hume chief economist Matt Bell mentioned median lot costs in southeast Queensland rose by 16 per cent in 2024, inflicting the market to lose its beforehand vital affordability benefit over Melbourne.
Stockland’s Rivermont, a brand new group improvement in Waraba (previously Caboolture West).
“We nonetheless anticipate…interstate and abroad migration ranges to stay sturdy and falling rates of interest to help gross sales charges and median value development,” Mr Bell mentioned.
Oliver Hume Queensland basic supervisor Dan Ross mentioned it was nonetheless a “very tight market with many land releases being snapped up earlier than they even attain the open market”.
“You will need to actually store round and keep on prime of what’s coming to market and transfer rapidly to lock in your most popular lot,” Mr Ross mentioned.
An artist’s impression of Creation Properties’ show dwelling at White Rock. Picture provided.
Colliers director improvement websites, residential, Adam Rubie mentioned the pool of land subdivision websites throughout Brisbane and surrounding LGAs had been shrinking dramatically over the previous 12 months.
“Proper now, you can most likely rely on one hand the variety of shovel-ready websites within the northern Brisbane area that might be delivered to market inside six months,” Mr Rubie mentioned.
“On the similar time, there are loads of personal builders and builder-developers desperately attempting to find new websites to maintain their pipelines stocked.”
