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New development under construction to house thousands of families

A new development in a popular region is planned to house more than 6,500 people, at prices more affordable for first home buyers.

Why aren't there enough homes?

The Moreton Bay region is getting one of its biggest developments yet, with construction underway on a display village that will house more than 6,500 people.

Named ‘Kinma Valley’, the community is being developed by Lendlease Communities to seat 2,500 lots of new homes.

An artist’s impression of the future Kinma Valley.
An artist’s impression of the future Kinma Valley.

Building company Emerald Developments has begun constructing houses in the area, with 18 different builders creating 35 designs for the brand new homes.

The development is expected to launch in 2025, offering homes for buyers from a range of different financial circumstances.

Buyers are able to buy either land packages on their own, or bundle them with one of the pre-built homes under construction.

Homes in the development start at $700,000, with prices rising depending on the build. Plots of land ranging from 336 to 758 sqm are priced between $393,000 and $553,000.

One of the development’s many future homes is being built right now in the Moreton Bay region.
One of the development’s many future homes is being built right now in the Moreton Bay region.
Co-founders of Emerald Developments, Matthew and Lia Wall, at the construction of Kinma Valley.
Co-founders of Emerald Developments, Matthew and Lia Wall, at the construction of Kinma Valley.

At the centre of the project will be a 31-hectare central park, which will include adventure playgrounds and over 6km of paths for walking and cycling.

The area is planned to connect with a larger stretches of nature that will travel throughout the development, connecting nature reserves to various neighbourhood parks.

Ian Murray, Lendlease Communities’ Head of Queensland, said the company wants Kinma Valley to be a key part of the quickly growing Moreton Bay region.

“Demand for homes continues to be strong, with Kinma Valley offering a mix of lot types to suit varying budgets,” he said.

“We are seeing buyers from across South East Queensland deciding to call Kinma Valley home, whether it’s their first home; they’re upgrading to their forever dream home, or downsizing to a more low-maintenance lifestyle.”

A render of one of the planned homes in the development, featuring a Mediterranean ‘Topaz’ look. Home prices in the area begin at $700,000 for land and building packages.
A render of one of the planned homes in the development, featuring a Mediterranean ‘Topaz’ look. Home prices in the area begin at $700,000 for land and building packages.

Some of the homes being built in the village include the Montana 312 and 355, different builds with their Mediterranean ‘Topaz’ facade.

With five bedrooms, three bathrooms, four living areas and a large alfresco, the Montana 355 is selling for $524,000 as a build.

Co-founder of Emerald Developments Matthew Wall said some floor plans for the Topaz homes have been specially designed for the village.

“We’re thrilled to be part of the Kinma Valley community,” he said. “The Topaz range is all about bringing a touch of Mediterranean charm to Queensland, and we believe the display will resonate with homebuyers looking for something special.”

Originally published as New development under construction to house thousands of families

Original URL: https://www.news.com.au/finance/real-estate/new-development-under-construction-to-house-thousands-of-families/news-story/5b764397a848ed9a8872ce27b65b59b2