To address the population growth and housing demand in Moreton Bay, plans have been unveiled to facilitate the establishment of Caboolture West as a new regional city.
Read: Approval Granted: Caboolture West Takes Off with First Development
Over the next four decades, the Caboolture West growth area is expected to accommodate approximately 70,000 residents in 30,000 homes, transforming into a city comparable in size to Mackay. The development will include schools, housing, and other necessary infrastructure.
The future community of the new regional city will provide around 17,000 job opportunities in various sectors such as employment, industry, commerce, and other commercial activities.
Developers are committed to offering a diverse range of lot sizes and housing types in the new neighbourhoods, ensuring that consumers have choices to suit their lifestyle and budget requirements.
It is in response to the rapid population growth in the Moreton Bay Region, which also meant higher demand for housing.
According to the latest data from the Queensland Government Statistician’s Office for the year 2023, the population of Moreton Bay-North is projected to increase from 268,995 in 2021 to 489,869 by 2046.
On the other hand, Moreton Bay South’s population could rise from 221,611 to 315,310 during the same period.
Caboolture West spans around 3,156 hectares and is recognised as a major expansion area. Its boundaries include the D’Aguilar Highway to the north, Caboolture River Road to the south, and the low hills along Old North Road to the west.
James Brown, the Chair of Caboolture/Redcliffe at the Real Estate Institute of Queensland (REIQ), emphasised that Caboolture West and Morayfield will serve as long-term future sources of land supply for the area.
Read: Names of New Suburbs in Caboolture West Reflect Indigenous Culture & Local Environment
Mr Brown further highlighted the current opportunities available in Morayfield and Caboolture, which are considered infill suburbs but do not currently have infill prices.
Featured Image Credit: Queensland Government
Published 29-June-2023
