The Queensland Government is putting $4.5 million on the table to turn dormant dirt into a 760-home residential pipeline south of Brisbane.
The latest allocation from the state’s Residential Activation Fund targets much-needed trunk civil works in the constrained Southern Redlands corridor.
It will zero in on residential development delivery bottlenecks, financing a critical upgrade to a three-way signalised intersection, as well as new crossings and the relocation of existing underground utility services.
“You can’t build homes without the roads, water and sewerage infrastructure to support them,” Deputy Premier Jarrod Bleijie said.
“More affordable housing starts with more supply.
“This project will unlock more than 760 places to call home for Queenslanders and support the growing area of the Redlands.”
For developers holding zoned land across the Brisbane bayside pocket, underwriting complex trunk road and utility works clears a primary hurdle to bringing new stages to market.
The intersection works will directly de-risk delivery for Villawood Properties’ $250-million masterplanned community Baya (pictured above) and other neighbouring residential subdivisions.
“Creating new communities such as Redlands’ Baya starts with investing in the essential infrastructure that supports them,” Villawood Queensland and NSW general manager Michael Williams said.
The capital injection lifts cumulative Residential Activation Fund investment across the Redlands local government area to more than $8.8 million.
Across Queensland, the enabling fund has supported capacity for more than 174,000 homes in a bid to counter a 29 per cent slump in housing lot approvals that has driven record-low rental vacancies, expanded social waitlists, and depressed home ownership levels.
“The Redlands is growing, and we need to make sure housing supply keeps pace with that growth, and this investment will unlock new opportunities for housing in the Southern Redlands, while strengthening the infrastructure local families and businesses rely on,” Redlands MP Rebecca Young said.
