Australia funds 900 home subdivision for Queenstown's BP roundabout budget

Economic Development Queensland has made the decision to fund a large scale new housing project for roughly the same cost as the upgrade of Queenstown's BP intersection.

Reported by the Sunshine Coast News, development approval has been granted for a new $Aus 270 million precinct on the Sunshine Coast, paving the way for more than 900 homes to be built.

A lakes precinct will be constructed in the new suburb of Gagalba, within Stockland’s rapidly-growing Aura community.

Aura is Australia’s largest master-planned community. It will soon expand with a new $A 270 million suburb.

It was given the go-ahead by Economic Development Queensland, as part of the Caloundra South Priority Development Area.

A diverse mix of housing will cater to first-home buyers, downsizers and growing families.

In addition to detached homes, other housing currently being considered includes duplexes, triplexes and multi-residential dwellings.

Once complete, Gagalba is expected to provide 6000 homes set among a network of lakes, wetlands and green spaces.

EDQ executive director business operations Jason Camden said approval for the first development in the suburb marked a significant step forward in addressing the state’s housing needs.

“We are pleased to announce the approval of this development application for Gagalba, which is an exciting milestone that will deliver more homes for Queenslanders,” he said.

“This project will not only provide over 900 new homes but will also contribute to the creation of a vibrant, connected community that will enhance the lifestyle of future residents.

“It’s an exciting time for the region, and we look forward to the positive impact this development will have.”