Green light for Gold Coast suburb property development
The areas around a suburb in the sunshine state could be set for increased consumer attention ...
The areas around a suburb in the sunshine state could be set for increased consumer attention following the Queensland government giving the green light to a major redevelopment project.
Plans to upgrade the town centre of Gold Coast suburb Sippy Downs have received ministerial approval and are now being examined by the local council.
Speaking on the potential project, the Queensland minister for local government and planning Paul Lucas said that the plans represented an "appropriate compromise" between retail space and residential property.
Lucas asserted: "What we have is a result that is a better outcome for the project with the 201 residential units being an appropriate level to satisfy community need."
Local councillor Christian Dickson said that, while the development was welcome, it would still be subject to approval conditions.
"We need to know all the ins and outs so we can comprehend exactly what we're going to see on the ground when it's constructed," said Dickson.
With the number of residential units to be included in the project increased, the development could help to ease the pressure noted in the local real estate market - while the improved retail opportunities could be a bonus for business owners.