Dirt is soon to be turned on a $42-million housing estate at Logan Reserve, south of Brisbane.
The 9.2ha Aldeia estate will comprise 118 lots.
It is the sixth housing project in the Logan corridor by prolific south-east Queensland greenfield developer KDL Property Group.
Initial works on the first stages of the estate follow the success of KDL’s neighbouring 272-lot Rosebank subdivision.
“We are anticipating serious demand for the lots, which will range from 417sq m to 712sq m,” KDL managing director Kent Leicester said.
Latest analysis from demographic and urban planning experts Informed Decisions indicated 86,000 more homes would be needed across Greater Brisbane over the next six years to house the region’s population boom.
The biggest demand was expected to come from the ring 20km to 40km from the Brisbane CBD, where the population was expected to increase by 127,000 people by 2029.
This is an area where KDL has the bulk of its development projects. It is highly active on Brisbane’s northside where it is on track to deliver more than 1100 new home sites in the next three years.
“We’re delivering much-needed housing supply to Moreton Bay with three new estates in Burpengary East, Joyner and Waraba to be completed over the next few years, delivering land for more than 800 new homes,” Leicester said.
“As well, our ongoing development projects in the Logan area will provide an additional 211 homes which will help create a positive impact in the current housing climate. This is alongside our Elridge estate in Jimboomba which has 157 lots.”
