Four developers will break ground on south-east Queensland’s newest regional city, the 3,156ha Caboolture West, in the next month.
Lennium Property, Orchard Property Group, Baycrown Property Group and Avid Property Group collectively will deliver 2000 parcels of land in one of the region’s biggest future communities.
In the next 40 years Caboolture West will accommodate about 70,000 residents and 30,000 homes.
What is included in this first stage?
The four new residential communities will feature a mix of affordable land lots, turnkey homes, and house and land packages, on blocks of 300 to 600 sqm.
The first neighbourhood display village, at the entrance to the new masterplanned precinct, is expected to open mid- 2025, with civil construction works due to begin in October.
Caboolture West is slated to play a significant role in addressing population growth in the Moreton Bay region, which is forecast to grow to 690,000 residents—an additional 200,000+ residents—by 2042.
This announcement further bolsters the confidence businesses in the building supplies and trade service industries already have in this region.
What is NOT included in this first stage?
There is NO portion of this first release dedicated to delivering commercial or industrial property of any nature. In fact, the whole of Caboolture West has only one property earmarked for industrial use and the sequencing of infrastructure delivery means this will likely be one of the last parcels to come online.
The $44 million revitalisaiton of Caboolture CBD by Moreton Bay City Council will help meet the growing demand for commercial space resulting from the influx of residents into the first stage of Caboolture West.
THE FUTURE OF CABOOLTURE WEST
OCTOBER
2023
70,000 NEW RESIDENTS
30,000 HOMES
2000 PARCELS OF LAND IN FIRST RELEASE
496,777 2022 MORETON BAY POPULATION
300-600m2 BLOCK SIZES
Construction commences & the first blocks of land, will be available for pre-purchase
OCTOBER 2024
First lots complete
690,000* 2042 MORETON BAY POPULATION
* Projected Population
17,000 NEW JOBS
4,000 NEW BUSINESS OPPORTUNITIES
MID 2025
The Display village located at the masterplanned precinct, is expected to open
$44 MILLION FOR CABOOLTURE PROJECTS OVER THE NEXT 5 YEARS
1 $18.2 million for the Elliot Street to Caboolture River active transport upgrade and roadworks
2 $12.5 million for Centenary Lakes and sports complex upgrades
3 $3.4 million for Bury Street drainage upgrades to catalyse development
4 $2.9 million for a 2.4 kilometre active transport corridor including signage, trees, street lighting and furniture along Pumicestone and Beerburrum Roads
5 $3 million water park and play space
6 $965,000 to deliver a renewed Esme Avenue pathway along the Caboolture River
7 $1 million for upgrading the bridge over the Caboolture River to create a safer and shaded active transport route connecting to Centenary Lakes
8 $740,000 to build a new footpath connecting Mitchell Street and Bradman Street from Tallon Street to Hayes Street
9 $175,000 for pathway upgrades to facilitate safe access for wheeled users along Morayfield Road
10 $105,000 to renew the Rowe Street Carpark that services the train station
11 $67,000 to install a pedestrian refuge on Bertha Street to improve safety and access to the CBD
12 $54,000 for an improved bus stop on King Street.