Moreton Bay Regional Council (MBRC) has recently released two land supply reports that identify, analyse and detail current and future land availability in one of Australia’s fastest growing areas.
With an existing population of 438,000 MBRC Mayor Allan Sutherland recently said the region was expecting a population of more than 618,000 within two decades and will cater for more than 182,000 jobs by 2041.
“It has never been more important to provide up-to-date and accurate information on suitable land supply, housing trends and new growth fronts to help manage sustainable growth,” he said.
The council area has one of the fastest growing populations in Australia with the largest concentrations at North Lakes, the Redcliffe Peninsula, Caboolture and Morayfield.
Mr Sutherland said future-proofing projects such as Caboolture West and Emerging Community areas, together with the Mill at Moreton Bay PDA plus incentives for infill development policy, should help fill the demand for 3500 dwellings a year for the next two decades.
The Residential Land Supply Assessment Project Report and Industrial Land Supply & Demand Project Report will be publicly available via council’s website.
Property Council of Australia Queensland executive director Chris Mountford said the property industry had been vocal in calling for a data-driven approach to future land supply in Queensland.
“The challenge in achieving this has been the lack of publicly available data. It is certainly encouraging to see Moreton Bay take the initiative to bring forward a piece of the this puzzle,” he said.
CFMG Capital recently settled and commenced pre-sales on their Oakland Pocket Estate in Morayfield, a 57 lot boutique single stage development located in the heart of MBRC.