New development delivers housing for booming region

A new integrated residential development has been planned for Narangba to release much-needed housing for a booming population.

Acting Premier and Treasurer Curtis Pitt today visited the site of works on the new community Amity at Narangba located within one of Australia’s fastest growing regions.

“Moreton Bay Regional Council is the fastest growing municipality in Queensland and one of the fastest growing regions in Australia,” Mr Pitt said.

“It’s forecast to grow in population by more than 40% over the next 20 years and there are plans in place for a range of residential housing for growing communities to call home.

“Under the new Moreton Bay Regional Council Planning Scheme, we’re providing developers with the flexibility to develop a variety of lot sizes.

“This will ensure housing affordability is maintained and will provide homebuyers a wide choice of homes that will suit their individual needs.” 

Member for Kallangur Shane King said the development was great news for the local community because it was supporting local construction jobs and providing a boost to the local economy.

“More and more people – including first home owners, families and retirees – are relocating to the Moreton Bay Region and this development will help provide additional housing for the growing local population,” Mr King said.

“These homes will be ideal for first home owners looking to buy in a region that is booming.”

Mr Pitt said the government was helping home buyers purchase properties in developments like Amity through its Queensland First Home Owner’s Grant.

“We boosted the Queensland First Home Owner’s Grant to $20,000 so it’s a great time for first buyers to stake their claim in the property market,” he said.

“The grant can be applied to newly constructed homes up to $750,000 and not only help Queenslanders into their own home, but also supports jobs in our building industry.”

Mr Pitt said since he lifted the grant from $15,000 to $20,000 from 1 July 2016, more than 8,000 grants had been approved worth almost $162 million.

The Amity community is being developed through a joint venture between award-winning developer Pointcorp and global developer the Dahua Group.

Dahua was granted relief from additional foreign acquirer duty (AFAD) because Amity represents such a significant addition to the supply of housing stock in the region.

“We welcome mutually beneficial foreign investment and by maintaining sufficient flexibility when it comes to the additional duty charged to foreign entities, we can stimulate development and help boost the construction industry while also making it easier for Queenslanders to live in their own homes,” Mr Pitt said.

Pointcorp director Chris Vitale said Amity would raise the benchmark for residential communities in the area as a result of the joint venture’s ability to control both the masterplan and the built form.

“We’ve been working tirelessly with our team since we acquired the land in January 2016 to design an outstanding community set amongst picturesque parklands and wide-open spaces,” Mr. Vitale said. 

“We’re designing a one-of-a-kind community not seen before, and our partnership with leading global developer Dahua Group will ensure we develop a thriving, vibrant destination with a wide range of affordable housing product on offer.”

Eric Li, Dahua Queensland CEO, said the company was excited to be contributing to the growth of Narangba and North Brisbane as a whole.

“Leveraging our globally renowned development expertise, we’ll be working closely with Pointcorp to create a liveable, walkable, socially sustainable community for a wide range of families to enjoy,” Mr. Li said.

Amity will launch to the public in October. The first stage of the community comprises 93 house and land packages ranging in price from $398,000 to $600,000.

For more information about Amity, Narangba visit www.amitynarangba.com.au or call 1800 773 779.

Photos: https://drive.google.com/open?id=0B-OK4qDkaX4QYXhzSWtXMHEwbWM

Media contacts:

Acting Premier’s Office 0447 316 432 / 0437 961 831

Amity at Narangba 0418 451 520