QLD Kallangur 2021

QLD State Government PDA’s (Priority Development Areas)

“Economic Development Queensland Creating places and investment opportunities for Queenslanders to prosper”

“Priority Development Areas (PDAs) are parcels of land within Queensland, identified for specific accelerated development with a focus on economic growth.State government works with local councils to streamline the planning, approval and development processes to get results in PDAs.”

“Fast-tracked development - a PDA declared under the Economic Development Act 2012 allows for shortened time frames to stimulate economic, community and social growth
by enabling development to reach the market sooner.
Strong partnerships - Economic Development Queensland works closely with local government to plan, assess and guide development within a PDA.”

“The Mill at Moreton Bay, Petrie - 460h -
Facilitate the development of the proposed University of the Sunshine Coast campus and associated uses.”

Source: https://www.statedevelopment.qld.gov.au/__data/assets/pdf_file/0017/32390/edq-pda-factsheet.pdf

 

Things are definitely hot when even the older properties like that are going for $430k. There was another one here https://www.realestate.com.au/sold/property-house-qld-kallangur-136197858

Again, don't know much of the inside although I'd say this one is a bit better positioned with easy train access. Signs things are getting over heated or still think it's a reasonable purchase?

 

I don't think that $430,000 is too much for such a well-located house on such a good-sized block. The land itself must be close to 350K. Give it a couple of years and the value will be over 500K

 

"If you are a property owner or a property investor in Brisbane, it is important to know if there may be any Priority Development Areas (PDAs) nearby. Why is this important? Well, these areas can often impact surrounding properties, so as in investor, you need to determine what impact, if any, these areas may have on property price growth in the future."

"Priority Development Areas (PDAs) are parcels of land within Queensland that have been identified for future development to significantly change the surrounding community. The Minister for Economic Development Queensland (MEDQ) declares an area as a PDA under the Economic Development Act 2012. At the time of writing, there are currently 32 declared PDAs in Queensland. The focus of this review is to summarise those that exist in Brisbane."

8. The Mill at Moreton Bay

"This PDA, located in and around Petrie in Moreton Bay (nestled between Brisbane and the Sunshine Coast), incorporates the existing Petrie Town Centre and land near the Kallangur and Lawnton train stations. It is facilitating the development of the University of the Sunshine Coast campus as well as new health, retail, commercial and residential developments and community infrastructure.

Stage One of the university will be delivering courses from Semester 1 in 2020. The area, previously the site of the former paper mill, was declared as a PDA in September 2016 and is being controlled by The Mill at Moreton Bay development scheme which commenced in August 2017.

A lot of rezoning has occurred around this region which is providing some good opportunities for sophisticated investors who know what they are looking for."

Source: What Is A Priority Development Area And What Do They Mean For Property Investors? | Australian Property Investor Magazine

 

Hey @JAW
Thanks for sharing the content that I contributed to API.
I first wrote about this area in September 2019 - here is the article on our website.
What is a Priority Development Area?

 

Investment opportunity
"From inception to delivery, The Mill at Moreton Bay will provide dynamic gathering spaces that celebrate diversity and connect people from all walks of life. The precinct will challenge the status quo, supporting innovation and fostering investment in forward-thinking projects and pioneering programs for current and future generations to thrive and enjoy. Located at Petrie on two train lines and with a major university campus at its core, the precinct is located in one of the fastest growth regions in Australia."

"Millovate is undertaking early market engagement to better understand the potential for Advanced Manufacturing opportunities being considered for The Mill at Moreton Bay."

"Market sounding is underway from 15 to 28 June 2021 to identify local interest and capacity for businesses to locate their Advanced Manufacturing operations into medium to high density urban environments that bring together research, technology, education, training and collaboration opportunities"

"Interest is being sought from potential proponents who may be ready in the short to medium-term to seize early development opportunities that capitalise on collaboration with other cutting-edge businesses and researchers to:

• Advance knowledge and innovation through continuous investment in Research and Development (R&D)
  
  
• Advance processes through state-of-the-art technology
  
  
• Advance business models by offering innovative and niche solutions that enhance value for customers."

Source/See more: Investment opportunity

 

Fresh off the press:

Moreton Bay Regional Council Budget Planning

"Kallangur and Dakabin, in Division 7, will be the first suburbs to undergo neighbourhood planning and consultation."

"Cr Denise Sims (Div 7) said it can’t wait: “This is to engage with locals for their feedback and ideas on how we can reinvigorate these areas to create vibrant communities with identifiable town centres to bring people together.”

Source: No Cookies | The Courier Mail

 

Top 6 Projects in the Pipeline for Moreton Bay Region

 

Nice find Fat Cat!

 

"A solar farm, thermal system or water treatment project are among the “energy solutions” that could be developed at The Mill at Moreton Bay. "

"It comes less than a month after $25 million was handed to the Mill precinct in the Moreton Bay Regional Council’s budget for work on the road and streetscapes."

Source: No Cookies | The Courier Mail

 

"Our Vision for The Mill at Moreton Bay" - New promo clip from the Moreton Bay Regional Council



If I didn't know better, I'd say it looks like an incredible place to invest.... !

 

"Playscape Creations - The Mill Aquatic Park"



In the clip, it looks great lit up at night. Every time I drove past in the Summertime, the carpark was always packed, overflowing onto Old Gympie road.

 

An article published last year, but interesting none-the-less.

Back to the future – the man shaping The Mill

“MILLovate is a long-term project (20 years, Nigel says) but with no room for error. The site is unique, the opportunity rare and the economic stakes sky high.

Current expectations are The Mill development area will create more than 6000 jobs and an economic benefit to our region of $950 million.

Both huge projections before a team led by a local man who bought his first house, with his late wife, in Kallangur for just $12,250.”

“If I am given a challenge I rise to it,” says Nigel, 69, “I think it (MILLovate) needs to be done properly. The worst thing you could do is rush in with spec buildings. “

“Hypothetically, if Google wanted a big campus here, we could certainly accommodate it.”

Source: https://www.moretondaily.com.au/news/back-to-the-future-the-man-shaping-the-mill

 

Established 4 bedder, sold for just under half a mill.

Sold 18 Sylvania Street, Kallangur QLD 4503 on 25 Jun 2021 - 2017065669 | Domain

 

“The Mill PDA is a bold new vision for the region. As Queensland’s Chief Entrepreneur, and a proud local from Samford Valley, I am excited at the prospect of what’s been proposed to transform a large site into an innovation hub”

“The Mill is driven by a strong vision, based firmly in the community and will be a technology-enabled precinct which will become a shining example of a space that will help us as we transform smart cities into intelligent communities.”

“Queensland’s “Building Our Innovation Economy” policy provides for a well-considered blueprint and framework for how technology hubs like The Mill can be the catalyst to create digital corridors, digital trade windows and innovation precincts in our state. Alongside new internet connectivity and digital infrastructure, this will spark entirely new businesses, jobs and economy opportunities.”

“We are so fortunate in Queensland to have incredible natural resources, natural beauty and natural talent; there are thousands of innovators, inventors, entrepreneurs and startups across the state and this new precinct gives us the opportunity to foster innovation and put Queensland on the map internationally.”

Source: Moreton Bay Regional Council begins recruitment of MILLovate Board - Innovate Moreton Bay Region

 

I went to the auction of 1215 Anzac avenue yesterday and it only sold for $282,500!

 

Sold 1215 Anzac ave, Kallangur QLD 4503 on 26 Jun 2021 - 2017048162 | Domain

For the elevated land alone, so close to the Mill PDA, that’s incredible value. Being literally on Anzac Ave, it would be more ideal for a business rather than a residential property.

The house itself looks like a simple 1 bedroom cottage shell, you’d probably have to detonate and build something new for a residential dwelling. 769m is a very generous block, you could do a lot with it.

 

https://www.realestate.com.au/sold/property-house-qld-kallangur-136252994

Established 3 bedder on 607m, sold for $485k.

 

Likely a bank owned property? Pretty good price.

 

Every link you post on this thread makes me happier @JAW. It's a daily gift