Developer Devine has received approval to rezone a 469 hectare site from farming to residential and plans to develop up to 2900 homes and other facilities for a community of 7500 people.

The new masterplanned community is set to deliver a significant boost to Gladstone's property market, which is already in the midst of a supply constrained sales boom.

According to a new report by PRD Nationwide, covering the second half of 2010, the Gladstone region's property market experienced a nine per cent increase in sales activity compared with the same period in 2009.

The rest of Australia had a trend of falling sales during the same period.

Devine Queensland General Manager Andrew Brimblecombe said Devine had worked extensively with the land owner and Gladstone Regional Council during the initial approval process.

"This master planned community will provide homes close to transport, education, employment and retail areas for thousands of Gladstone residents, including workers who intend to move to the area."

Brimblecombe said Gladstone was an exciting place for developers to invest, with billions of dollars' worth of LNG projects planned for the region.

"The property market in Gladstone is performing strongly due to its strong pipeline of major infrastructure projects," he said.

The $1.4 billion masterplanned community includes a proposed new P-7 Education Campus; activity centre with retail and other service facilities, more than 182 hectares of open space, and a mixed-use industry and business precinct.

Construction on the development is expected to start in 2012.

Architecture & Design Team

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