$106 million estate targeting young families and first home buyers
A $106 million mixed-use estate just north of Brisbane is about to begin a mega transformation, with developers saying it’s one of a handful of sites affordable for families while still close to a major shopping centre. SEE THE PLANS
Moreton
Don't miss out on the headlines from Moreton. Followed categories will be added to My News.
Construction on stage one of the $77 million Avaline residential subdivision in Burpengary East gets underway in September, with 188 home sites to be built across five stages.
Located on the corner of Old Bay and Maitland roads, Avaline will include a medical precinct and childcare centre valued at $29 million.
Avaline is being developed by KDL Property Group, which has sold out all 70 lots in its Dakota estate on Foster Road in Burpengary East.
The medical precinct will include provision for general practitioners, pharmacy, pathology, and physiotherapy services, with Moreton Bay Regional Council in the final stages of approval.
Blocks range from 294 sqm up to 500 sqm.
KDL Property Group managing director Kent Leicester expects most blocks to be priced between $360,000- $390,000.
As part of the overall development KDL will be delivering significant additional infrastructure works to the area including the complete upgrade of the intersection of Maitland and Old Bay roads to a signalised intersection.
Avaline will also feature a community park with picnic shelters and playground equipment for children among 2.6ha of dedicated green space.
Mr Leicester believes Avaline is one the few remaining estates in Moreton Bay within proximity to the major shopping area of North Lakes that still remains affordable for residents.
“Moreton Bay Regional Council identified Burpengary East some time ago as an emerging area suitable for sustained residential development,” Mr Leicester said.
“While the area was identified by council for future development, there were a significant number of challenges to overcome in order to provide the local community with the right development outcomes.
“The estate is targeting first and second home buyers by providing a range of block sizes (with varying frontages) that are all within a walkable distance to parklands and open space within the community.
“Families with young children will also see the value and having an on-site childcare centre in the estate as well as extensive medical and health services including pharmacy.”
KDL had secured land in Burpengary East as far back as 2017 and since then has been working with MBRC on suitable proposals for residential development in the area.
SEQ housing shake-up as new property giant rises
A property giant is emerging after its latest takeover was approved, paving the way for the conglomerate to become the largest housing developer in southeast Queensland.
Wild shopping centre skirmish erupts after woman bolts with phone
A young couple has had their stealing exploits thwarted by shoppers after a woman was involved in a foot chase through the Sunshine Plaza over an unpaid phone bill.