18 / August / 2017

Rail line opens up further investment opportunities

Economic Development

Posted 18 August 2017

Potential investors can now register their interest in residential and industrial opportunities arising from the new Redcliffe Peninsula Rail Corridor (RPRC), as part of a new prospectus and online portal launched by Moreton Bay Regional Council.

The interactive website, which acts as a one-stop-shop for precinct statistics such as population growth and job creation, includes never-before-seen footage of what South-East Queensland’s fastest growing suburbs could look like in the future.

Announcing the RPRC Investment Prospectus today, Moreton Bay Regional Council Mayor Allan Sutherland said the online fly-through imagery featured new artist impressions of potential transit-oriented developments that could be delivered in the booming suburbs along the $988 million Redcliffe Peninsula Line.

“Suburbs including Kallangur, Murrumba Downs, Mango Hill, Rothwell, Kippa-Ring and Petrie are forecast to grow by 40,000 residents and 19,000 jobs over the next 20 years,” Mayor Sutherland said.

“In a little over 10 months since the new train line was officially opened on 4 October 2016, our region has seen an upturn in economic benefit and job creation along the new 12km rail corridor.”

A total 39 new residential developments have been approved by council in the suburbs adjacent to the rail line since January 2016, including new townhouse developments and apartment buildings in suburbs such as Kallangur, Murrumba Downs and Mango Hill.

Major developments underway include:

  • Capestone at Mango Hill - over 2,000 residential home lots. Well-established development now featuring new townhouses and a three storey apartment complex 'The Georgia' opening in coming weeks
  • Stockland development at Newport - over 1,400 residents home lots proposed with a 23 hectare lake with construction well underway
  • Aspire at Griffin - over 600 residential home lots planned with construction underway
  • Park Vista at Mango Hill - over 90 lots including residential homes and unit complex

Representing the Deputy Premier and Minister for Infrastructure and Planning, and the Minister for State Development, Minister Steven Miles MP unveiled the new investment campaign with Mayor Allan Sutherland together with final plans for The Mill at Moreton Bay priority development area (PDA) at Petrie.

“The Mill at Moreton Bay PDA will deliver a world-class innovation and knowledge precinct adjacent to Petrie train station, that is expected to support 6,000 jobs, 10,000 university placements and $950 million in economic activity by 2036,” Mr Miles said.

“The council has committed to delivering a net gain in environmental values on the Mill at Moreton Bay project by ensuring koala populations are safe and healthy throughout construction through real-time koala monitoring and establishing additional koala bushland habitat with the conservation of more than 110 hectares of environmental reserves on the 460 hectare site,” he said.

“Anchored by the new USC campus, plans for the PDA have been updated to reflect the latest round of community consultation which has reinforced the strong support for the establishment of a new full-service university on site.”

Artist's impression - The Mill Central

Petrie’s ‘smart’ campus 

A key part of the revitalisation, The Mill at Moreton Bay project will be anchored by the new USC campus, which saw strong support from respondents in the latest round of community consultation on the PDA.

USC Vice-Chancellor, Professor Greg Hill said the USC Petrie campus represents an exciting opportunity to significantly boost educational outcomes in the Moreton Bay Region and build capacity in one of Queensland’s fastest-growing regions.

“Students at the Petrie campus will have access to a full range of undergraduate and postgraduate programs including law, business, creative industries, science and engineering,” Professor Hill said.

“The new USC campus at Petrie is expected to open in 2020 and be home to up to 10,000 university students within its first 10 years. It joins the Caboolture QUT campus which will transition to a new USC campus next year.”

Councillor for Division Seven, Denise Sims said council was also exploring the installation and utilisation of smart technology on the PDA site.

“This will be the first new university campus built from the ground-up in Queensland for the past 20 years so it presents a fantastic opportunity to source some of the latest smart technology to improve sustainability of the site, better utilisation of infrastructure such as street lights for different purposes, and reduce energy consumption,” Cr Sims said.

“Council is seeking expressions of interest from smart lighting providers that can offer the type of functionality that controls street lights remotely based on weather conditions, or dim and brighten lights automatically using motion detectors, and reduce the overall demand for electricity on the site, and potentially improve community safety.”

‘Once-in-a-generation’ opportunity

State Member for Kallangur Shane King, who also attended this morning’s announcement, said the new investment prospectus would promote a once-in-a-generation opportunity for residential, business and commercial investment in Moreton Bay Region’s thriving new rail corridor.

“Our young people are our future, that’s why I’m so pleased to see plans put in place now that will deliver thousands of local education and employment opportunities for local residents,” Mr King said.

Mayor Sutherland added that the new investment campaign would complement council’s new development incentive policy announced last month.

“It’s vital that as governments we work together to incentivise sustainable development in close proximity to public transport infrastructure, schools and health services."

Council’s incentive policy encourages infill developments including student accommodation, mixed-used with office and retail, hotel, retirement facilities and residential care within 800 metres of train stations along the Redcliffe Peninsula Line corridor from 1 July, 2017.