A $2 billion, 7300-lot housing community has been announced for an untouched Logan suburb.
The master planned community is set to be built in Monarch Glen, a rural suburb that falls under the Queensland government’s Greater Flagstone priority development area (PDA).
PDAs are parcels of land identified by the state government for major development.
There are two in Logan, with the other at Yarrabilba.
Mirvac, the developer behind the Monarch Glen plans, announced last week a project delivery agreement to develop the community had been finalised with Pioneer Fortune.
The Monarch Glen site stretches around 1000ha with the potential to house 7300 residential lots, including state primary and secondary schools, multiple neighbourhood centres, a proposed rail station, and shops.
Mirvac’s general manager of residential development in Queensland, Warwick Bible, said the project would help address the “critical issue” of housing supply.
“The site is a significant zoned landholding in Queensland and part of the state government’s Greater Flagstone Priority Development Area,” he said.
“We look forward to working closely with government and the local community to bring this project to life and deliver much-needed housing to the region.”
Mirvac says it “intends” to preserve a large green corridor within the community, spanning more 400 hectares to provide “a significant opportunity to regenerate and enhance the existing habitat and support a biodiverse environment”.
It has also promised a First Nation’s community centre dedicated to “storytelling and learning”.
The development is expected to be launched sometime within the next year, subject to development approvals, with the first settlements forecast for 2026 or 2027.
Mirvac’s CEO of development Stuart Penklis said the new development would help leverage the company’s “track record in this growth corridor, following the success of our nearby Everleigh project”.
“This will be our largest masterplanned community to date in Queensland and presents Mirvac with a capital-efficient opportunity to restock our pipeline and apply our 52 years of experience in creating exceptional communities for our customers,” he said.
Just two weeks ago a $200 million, 266-home masterplanned community was announced for Park Ridge.
At the time, mayor Jon Raven said Logan was “doing the heavy lifting” when it came to meeting housing demand in Queensland.
“We are the youngest and fastest growing city in the state with more than 280
people moving here each week,” he said.
“With our population expected to nearly double in the next 20 years, it’s crucial we keep working together to ease housing pressures.”
