Villa World is launching its fourth community on Brisbane’s bayside bringing their investment to a total of $500 million in the Redlands area.
The community is a Waterline at Thornlands costing $57 million.
It will consist of 177 lots ranging from 408 square metres to 1097 square metres.
There will be walking and bike paths as well as community parklands.
Villa World’s other developments include East Ridge in Thornlands, Era in Capalaba, and Mt Cotton Village at Mount Cotton.
Villa World state manager for Queensland, Michael Vindolac said the Redlands area compliments the company’s endeavours.
“The area fits with the Villa World product; its’ affordable but high quality, targeted to the end user and ultimately lifestyle-focused with walking trails, parkland and greenery,” Mr Vindolac said.
“People want to live here because of its proximity to the CBD and the bayside as well as schools, shops and major arterial roads.
“Those people tend to be families and end users, who are essentially Villa World’s market.”
Mr Vindolac said the Redland City Council was progressive and committed to seeing the area grow and advance.
“The council has allocated almost $260 million in the current budget towards infrastructure to meet the area’s expected population growth,” said the Queensland state manager of Villa World.
Mr Vindolac said there is a demand for housing across the area which Villa World is responding to.
“Demand for new homes has been steadily rising but the supply just hasn’t been there,” said Mr Vindolac.
“Our role is to meet the housing needs of this growing population and that has led us to extend our pipeline of projects.”
Development will commence this year.