Developers and managers of Yarrabilba are talking up a surge in commercial property as the master-planned suburb grows.
The main street might not be a bustline town centre quite yet, but the map which shows a list of new businesses is an impressive display of new brands.
The most recent openings include a Snap Fitness gym, Auto Masters, Pets Domain and two childcare centres.
A $16 million tavern is being built, and a specialist day hospital, Ultratune, Hoppys car wash, a leading restaurant chain and the community’s second Ampol service station are all in the planning.
In June, Yarrabilba topped 10,000 residents, and a number of land plots are being fast-tracked for construction under the current boom conditions.
Other future plans include a Town Centre with up to 50,000 square metres of core retail and other uses, and a 100+ hectare industry and business precinct.
Queensland business owner Ben Skubris is one of several developers in the area.
He said he saw the community’s long-term investment potential from the outset, purchasing property for Stages 1, 2 and now 3 of Storage King and Stages 1 and 2 of Vue commercial office precinct and apartment complex.
“As the population increases in the region, there is a need for more services, creating the ultimate live, work and play community,” Mr Skubris said.
“We are on the cusp of a construction boom as solid inquiry for land continues to roll in.”
The $11 billion Yarrabilba community was first launched nine years ago and will ultimately provide homes for around 45,000 people. It is anticipated that about 13,000 jobs would be created.
At 2029 hectares, Yarrabilba is just under half the size of Cairns.
Lendlease head of Queensland communities Ian Murray said there had been active commercial growth over the past 12 months.
“As one of the fastest growing residential communities in the region, local residents can be excited by the prospect of more services and amenities to meet their needs, as well as more job prospects,” he said.
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