Masterplan Approved For New $3.3 Billion Township: Caloundra South

The project is being marketed as addressing housing affordability, while protecting and enhancing the local environment. According to an article in the AFR it will also “re-establish biodiversity corridors, deliver regional infrastructure and create some 13,500 jobs in the first 10 years.”

Stockland acquired the site when it purchased the Lenworth portfolio in 2004. It’s expected the first residents will move to the new community in 2014. Homes within an early release, approved by ULDA last year, are under construction.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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