'New cities' to ease housing pressure in Queensland

Thursday 27 May 2010

Article by Mozo

The Queensland Government has set out plans to build three brand new cities in the state’s southeast as a way of easing population pressure.

Under the plans, the government’s land development body will take control of three greenfield areas at Ripley Valley, west of Springfield, and Greater Flagstone and Yarrabilba, in Logan’s south near Jimboomba, before the end of next year, with construction possibly beginning before the end of 2011.

The new masterplanned communities are set to house an extra 250,000 people, which could also ease the strain on people looking to compare home loans and secure a property in the state.

Premier Anna Bligh claimed that the new cities would be green and transport friendly, allowing children to walk to school, workers to catch public transport and families to enjoy ample green open space.

The new "model cities" will "work better than anything we have seen in Queensland before", she said.

Meanwhile, rental company Thorn Group revealed this week that Australia’s rising interest rates are forcing more wealthy families to rent home appliances as they struggle to keep up with mortgage repayments.

This article is brought to you by Mozo – Helping you compare home loans ADNFCR-1761-ID-19803091-ADNFCR

Find great home loan deals

Which type of home loan would you like to compare?

Back to top