As Greater Brisbane faces a population surge and a challenging housing crisis ahead of the 2032 Olympics, a prominent Queensland property developer is well on its way to providing relief with plans to deliver over 1,100 new home sites within the next three years. The KDL Property Group’s strategic move comes at a critical time when projections suggest nearly 200,000 individuals will relocate to the region by the end of the decade, and governments are pushing towards significant housing targets, such as Queensland’s ambitious goal to construct 900,000 additional homes by 2046.
KDL Property Group’s Managing Director, Kent Leicester, announced that the firm is actively progressing on six residential projects spread across Brisbane’s northside and the Logan area, with a commitment to introduce more than 1,100 homes by 2026. “We’re on track to deliver much needed housing supply to Moreton Bay with three new estates in Burpengary East, Joyner and Waraba (Caboolture West) to be completed over the next few years, delivering land for more than 800 new homes,” Leicester remarked, underscoring the Group’s commitment to addressing the housing shortfall.
The developments in the Moreton Bay region and Logan’s two newly approved projects reinforce the pressing need for additional housing, bringing another 211 homes into the equation. Furthermore, the planned Eldridge estate in Jimboomba is expected to provide 157 lots. “Providing more potential for the community in terms of housing is incredibly motivating for us at KDL. We continue to be focused on restocking our pipeline for future growth in the coming years,” Leicester stated, emphasizing the developer’s dedication towards community advancement.
Housing experts Informed Decision (Id) have highlighted the immense need for housing, estimating that an additional 86,000 homes will be required across Greater Brisbane in the next six years to accommodate the burgeoning population. This surging demand clusters within a specific 20km to 40km wide ring from the Brisbane CBD, a zone where KDL has positioned the majority of its development projects.
One notable undertaking by KDL is ‘Avaline’, a $106 million mixed-use residential community in Burpengary East, which exemplifies the company’s response to the housing emergency. This advanced project promises 188 homesites complemented by a medical precinct and childcare centre, aiming to promote healthy living with substantial green parklands and koala habitats. “We have significant progress taking place in Avaline, with park construction commenced as well as completion of stage 1 which will see first lots registered in January 2024,” Leicester proudly shared.
Moreover, KDL’s Joyner project is set to benefit from the Queensland Government Growth Acceleration Fund, receiving a boost with $6.74 million in works funding, signalling the state government’s endorsement of KDL’s endeavours to fast-track housing developments across southeastern Queensland.
Against the backdrop of a demographic challenge, KDL Property Group is not only contributing to the alleviation of the Greater Brisbane housing crisis but also propelling progress through investment in community-focused initiatives, setting an example for future developments in the region.