Lendlease unveils new Yarrabilba precinct as population tops 10,000

Yarrabilba resident and new first homebuyers Megan Gough and husband Mitchell with their kids. Photo: Supplied.

Developer Lendlease unlocked a vital land supply for the fast-growing Logan corridor on Saturday with the unveiling of a new $11 billion Yarrabilba master planned community.

With more than 100 lots sold in one day, buyers have continued to register their interest in the first lots at the new precinct, known as The Parks.

MORE QLD REAL ESTATE NEWS

Brisbane’s worst house fetches $2m

Personalise your apartment

As the population of Yarrabilba tops 10,000 residents, it has cemented its place as one of Queensland’s most popular master planned communities.

Yarrabilba resident and new first home buyer Megan Gough said: “My husband (Mitchell) and I were previously renting in Yarrabilba for two years and just fell in love with the community and what it offered our two young children. It’s an amazing community of people and everything is on your doorstep,” Mrs Gough said.

“We had an amazing building experience and despite Covid, the whole process was easy and

enjoyable.”

Yarrabilba residents and new buyers will celebrate the first land release in The Parks (new precinct). Photo: Supplied

Lendlease development director for Yarrabilba Michelle Wooldridge said: “This new precinct will set the scene for a massive expansion over the next 20 years and help to deliver on our vision to create Queensland’s best master planned community”.

“The Parks will help to meet significant pent-up demand for new homes in the Logan region, spurred by record low interest rates, rising house prices and increasing interstate migration.

“We are already receiving a constant stream of inquiry about the new land release, including a high proportion of current Yarrabilba homeowners and renters looking to upgrade, and buyers moving from Sydney and Melbourne.”

The new precinct will eventually provide around 2000 new homes close to an environmental

corridor, a new state primary school opening in 2023, and the future Yarrabilba Town Centre. More than 35 per cent of The Parks will be dedicated to parklands and green space.

Land in the first stage will range from 330 sqm to 652 sqm with prices from $166,000 to

$249,000.

The post Lendlease unveils new Yarrabilba precinct as population tops 10,000 appeared first on realestate.com.au.