Lendlease has announced it will build a $500-million residential community in the Moreton Bay region as Queensland’s coastal housing boom rolls on.
The 234ha Kinma Valley project has been approved for up to 2500 homes.
Located about 45km north of Brisbane in the northern suburb of Morayfield, the new community is expected to be home to more than 6500 people, in one of Australia’s fastest growing regions for new home buyers.
“Our vision for Kinma Valley is to not only create a market-leading sustainable community that meets the needs and aspirations of homebuyers but to build a sense of belonging and connection to our newest community,” Lendlease managing director Matthew Mears said.
To that end the land, which came to Lendlease in 2018, will include a neighbourhood hub to be built in stages and approved for a range of uses such as a childcare centre, food and drink outlets, hardware and trade supplies, healthcare, indoor sport and gym facilities, as well as office space.
The community includes plans for 12 parks, several adventure playgrounds and more than 6km of walking and cycling paths, all connected to a 31ha central green corridor.
“The natural aspects will be one of the biggest drawcards for home buyers with the development offering incredible views to the Glasshouse Mountains, family-friendly neighbourhoods and green open spaces,” Mears said.
He said Lendlease’s new homes would suit a wide range of buyers, including first home buyers, young families, upgraders, and empty nesters. Bigger lots, distinctive building materials, innovative street design and neighbourhood meeting spaces would be key features of the community,he said.
No date has been set for the release of the first lots, but Lendlease says it “will be in the coming months.”
Moreton Bay is emerging within a significant growth corridor in south-east Queensland, on the back of a drive to transform the region into a distinct coastal polycentric city with a green focus.
In Moreton Bay South house rents jumped 15.1 per cent to $495 a week in the past year.
This trend is likely to continue as Queensland recorded the strongest population growth of all the states in the past 12 months, driven by interstate migration from young families seeking better affordability, lifestyle change, work-life balance, and the expanding job market in Queensland.
The name Kinma comes from the Kabi Kabi First Nation People’s language and translates to “awake”.
