Strong interstate migration combined with low interest rates has resulted in unprecedented housing demand in South East Queensland. To meet this rising need, the Queensland Government launched its Homes for Queenslanders initiative with a $2 billion package aimed at speeding residential development faster and making homes more affordable for Queenslanders.
Economic Development Queensland (EDQ) has also created a team to work closely with local councils and facilitate development approvals quickly, advance infill developments projects quickly and prioritise affordable housing projects in key growth areas.
Rivermont, a masterplanned community located near Redland Bay in South East Queensland is the latest project to debut. Part of Weinam Creek Priority Development Area, Rivermont seeks to create a vibrant community with significant social infrastructure – state primary and secondary schools, multiple neighbourhood centers, proposed rail station access points and extensive green open space are just some of the features planned for its completion.
Investors and homebuilders alike are eager to secure a piece of this emerging new land, often purchasing lots before they even hit the market. Oliver Hume Queensland general manager Dan Ross attributes this phenomenon to strong local demand, limited quality housing stock supply and an attractive property market.
“Demand for high quality land and homes is being driven by multiple factors, including low interest rates and increasing incomes,” according to Mr. Dain. This combination should continue to drive new home sales over the short-term, especially among first time homebuyers or those expanding their investment portfolios.
Our Queensland regional offices provide businesses with support in growing and investing in the region through one-on-one interactions, information sessions and presentations. You can view upcoming opportunities on our Events Page.
Finding the ideal piece of land requires more than simply selecting an icon on a map. First-home buyers, investors and home builders need blocks that meet both their lifestyle needs as well as align with their long-term home goals.
An ideal location may be all it takes to transform your living spaces into light-filled wonderlands. Open plan design is becoming an interior trend and is an effective way to maximize natural light, increase privacy and add living space. Our experienced builders are on hand to assist you in selecting the ideal lot for your next big project.