Caboolture will receive an injection of 1000 new home sites over the next seven years with Central Spring, the recently launched master planned community.
Central Springs, located just 45 minutes from both the Brisbane CBD and the Sunshine Coast, is the largest approved master planned community in the region and will be set on more than 400 acres of premium easy to build on land.
QM Properties General Sales Manager Damien Ross said Central Springs hoped to emulate the success of QM Properties’ neighbouring developments in the Caboolture region, such as the sold out Central Park & Central Park North and the popular Central Lakes.
“With the already established Central Lakes Shopping Village, hospitals, schools and other key amenities at their doorstep Central Springs will provide quality affordable housing solutions for first home buyers,” Mr Ross said.
“Central Springs will feature its own community shops, recreation spaces and an expansive 12.5 acre lake, providing not only convenience but beautiful surrounds.
“Future plans for the development include the construction of a 25 home display village, scheduled for opening in 2017 and a future tree-lined avenue connecting the estate to Old Gympie Road allowing accessibility from any direction.
“This focus on accessibility and community will be a major drawcard for those looking to settle in the area with 75 per cent of the development to be sold only as owner-occupier, an uncommonly high rate in a development of this size.
“Situated in the Northern Growth Corridor, the land which was traditionally used for farming will include a mix of housing types with the majority being traditional slab homes and a handful of townhouses and duplexes.
“It is our expectation that the diverse home sites on offer will be snapped up quickly by a broad range of people looking to make the move to the Caboolture region.”
According to a developable land analysis by the Moreton Bay Regional Council the northern growth corridor is predicted to accommodate 24 per cent of the projected population growth in South East Queensland, reaching to over 300,000 people by 2031.
“The significant growth forecast and increased demand for housing has prompted QM Properties continued investment in the Caboolture area with a development of this size and scale,” Mr Ross said.
Construction is due to be completed in 2023 with home sites starting from $179,900.