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Home Mortgages

The poor planning decisions causing outer suburban mortgage stress, car reliance

by Staff
July 27, 2022
in Mortgages
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The poor planning decisions causing outer suburban mortgage stress, car reliance
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Caboolture West is one of seven large master-planned communities in Priority Growth Areas on Greater Brisbane’s fringe being co-ordinated by the Department of State Development.

Seven of those Priority Growth Areas could be home to an additional 440,000 people over the next 40 years, according to government figures. Yet rail and even bus services are lacking – Ripley Valley may benefit from the Springfield rail extension, and Caloundra South from an extension still in the planning stage, however Yarrabilba is a 48-minute bus ride away from the Beenleigh to Kuraby line.

Where planners want development in response to south-east Queensland population growth

  • Caboolture West – 30,000 homes for about 70,000 people
  • Caloundra South – 20,000 people.
  • South Redlands – 10,000 people.
  • Greater Flagstone – between 50,000 and 120,000 people.
  • Ripley Valley – 120,000 people.
  • Yarrabilba – 50,000 people.
  • Flinders Lake, south of Logan – 50,000 people.

Plans released for Caboolture West on Wednesday indicate the broad positioning of neighbourhoods, road and future public transport links, parks, neighbourhood hubs and business areas.

Planning Minister Steven Miles said releasing the initial plan gives the local council – the Moreton Bay Regional Council – the template to judge pressing development applications.

“There are already 16 major development applications in place, covering nearly half of the entire Caboolture West area,” Miles said.

“With more people moving to Queensland, we are prioritising growth areas like Caboolture West to unlock land supply and make more residential lots available quicker.”

The Caboolture West interim structure plan in July 2022, showing major road and residential areas. A blue line running east-west along Bellmere Road shows bus links to Caboolture.

The Caboolture West interim structure plan in July 2022, showing major road and residential areas. A blue line running east-west along Bellmere Road shows bus links to Caboolture.Credit:Department of State Development.

While a major four-lane highway – the Bruce Highway western alternative will run through the site – there is no planned rail spur.

Buses, once organised and funded, are intended to take commuters east-west between their homes and the main Brisbane to Sunshine Coast rail line.

The plan, which is open for public input until August 26, will remain for about 18 months until the final Caboolture West Structure Plan guides development for the next 30 years.

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Developers in nine master-planned developments – including Caloundra South, Springfield and the Yarrabilba in Queensland – have this week been criticised by think tank Prosper Australia for not releasing more land to push prices down.

Karl Fitzgerald, the director of advocacy at Prosper Australia, believes taxation changes must be made for developers to allow supply and demand to regulate housing block prices.

“If we want to actually address the housing affordability crisis in this country, we need to start prioritising supply delivery over land banking. Land taxes should be ratcheted upwards for developers who don’t meet certain supply outcomes, with revenues channelled into affordable housing alternatives.”

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