Queensland-based Azure Development Group has padded out its portfolio with its $57-million residential estate west of Brisbane winning approval.
The project, Dahlia at Flinders View, Ipswich, will bring more than 100 townhouses of three bedrooms and 2½ bathrooms with a choice of six floorplans to the city about 42km west of the Brisbane CBD.
According to data by Urbis and the ABS, Ipswich’s annual growth rate is expected to rise 4.2 per cent in the next two years, with the population expected to exceed 424,000 by 2041.
Azure director Trent Keirnan said Ipswich was undergoing a major transformation and was forecast for remarkable growth potential.
“We are actively playing our part in meeting the rising demand,” Keirnan said.
Facilities at the approved project include a communal lawn area and club featuring a 15m swimming pool with a 5m children’s splash pool, sun lounges, double day beds and landscape gardens.
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The approval comes after the Azure’s other Ipswich projects sold out—the $50-million Seasons by Azure and the $55-million Munro estate.
Construction is expected to begin in the second quarter of this year.
Azure is a privately owned real estate development and investment company that has delivered more than 1400 terraces, units and residential lots since it was founded in 2014.
The company’s portfolio of seven developments is valued at more than $500 million and includes two luxury high-rises in inner Brisbane—One Earle Lane at Toowong, and One Five Six by Azure at New Farm, which set a price record for the inner city in 2022 with its $11.4-million penthouse sale.
