A 100-home development has been announced for Logan Reserve during a time of severe housing shortages across the City.
The estate will form part of developer AVID Property Group’s plan to build an additional 384 homes at its Noffke Court site.
AVID already has 300 builds at the nearby Chambers Ridge in Park Ridge, completed last year, and 749 at its Logan Reserve development, Killara.
The general manager of AVID Queensland, Anthony Demiris, said the new community would deliver more affordable housing options to the Logan region.
“This new community will help to address the ongoing issues of limited supply and surging demand for new land in the south-east, in particular this fast-growing region,” he said.
The latest Australian Bureau of Statistics data shows Logan is the fast-growing city in the state, with Chambers Flat and Logan Reserve recording the highest population growth – up 18 per cent in 2023.
One of Logan City council’s major concerns with this growth is the rising cost of infrastructure to support new developments.
Fees council can charge a developer are capped at around $30,000 per lot – 50 per cent of the actual cost to build the necessary infrastructure – leaving ratepayers to fund the rest.
Despite rising construction costs and frequent campaigning by the city’s mayor, Jon Raven, the state government refuses to lift the cap.
AVID will pay $4 million to build not only the necessary sewer and water infrastructure for the development, but also to provide infrastructure for “a number of future development sites within the Chambers Flat corridor”.
Initial works on the development are set to start mid-2024, with construction of the first houses starting later in the year.
Mr Demiris said buyers would feel security while their home was under construction, as the builder – Villaworld Homes – carried the majority of costs until settlement.
“The pressure from cost-of-living increases in recent times has caused many buyers to seek out more secure purchasing options,” he said.
“A solution AVID provides to hopeful homeowners with single fixed-price house and land contract and minimal deposit requirements.”
The site is adjacent to a future proposed district sports park to be delivered council.
Homes came onto the market on Saturday 8 June, starting at $686,500.
Park Ridge property values have risen by 29 per cent in six years, according to the company.
In 2017, the first lot of release homes sold for an average of $435,00; in 2023, the final release averaged $620,000.
