Challenge to Stockland Caloundra South development dropped

Developer Stockland is one step closer to commencing its mammoth Caloundra South community development on the Sunshine Coast following a decision by the Sunshine Coast Regional Council to discontinue legal action against the declaration of the site as an Urban Development Area. 

The proposed Caloundra South community will be the largest project Stockland has ever undertaken, spanning 2,310 hectares, with plans to build 20,000 homes for about 50,000 residents over the next 20 years. 

The development will also include a large town centre, retirement living villages and opportunities for government and business investment. 

Stockland managing director Matthew Quinn says it welcomes the decision by the council. 

“Caloundra South will deliver 13,500 jobs in the first 10 years of development, provide affordable housing, promote sustainable living and ensure the future prosperity of the Sunshine Coast region,” he says. 

“We look forward to continuing to work with the state government and council as we undertake community consultation and meet our commitments to protecting the environmental value of the site and the nearby Pumicestone Passage.” 

Stockland anticipates the Queensland government will make a determination on the approval for the Caloundra South Development Scheme by the end of the year. 

Following this approval the next step in the process is to lodge and obtain state government approval for the Caloundra South Master Plan, which the developer aims to complete during 2012. 

Should the master plan be approved, Stockland will also need to complete a federal environmental assessment process before construction can commence. 

Preliminary works have already commenced on the Bellvista II residential community, which is an advance land release within the Caloundra South Urban Development Area. The Urban Land Development Authority last month granted approval, with first settlements expected towards the end of 2012.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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