Construction work is underway on one hundred new townhouses at Bundamba in Ipswich.
It comes as the region continues to see a construction boom.
The latest figures from the Australian Bureau of Statistics shows that Ipswich is now the fastest growing region in the state.
It is expected that Ipswich’s population will almost double to more than 424,000 by 2041.
Meanwhile, a traditional sod turning event was held to mark the start of construction work on ‘Munro’ at 33 River Road at Bundamba yesterday.
The three bedroom, two bathroom and single carport architecturally designed terrace homes will be built close to the TAFE College.
The gated community over 2.22 hectares will also feature resort-style community facilities including a 20 metre pool.
Azure Development Group Director Trent Keirnan said it is a very exciting milestone.
“Obviously as we are aware housing shortage is critical in south-east Queensland and to be able to turn soil on the start of the construction journey for ‘Munro’ is a really significant milestone — it’s something that we are really excited about,” he said.
The townhouses, which have been sold out, are priced between $545,000 to $557,000 dollars.
Local developer Trent Kiernan has admitted it’s challenging to keep up with the pace for need for housing in region’s such as Ipswich.
“The demand is certainly overwhelming,” he said
“The biggest challenge at the moment is obviously construction and our shortage of labour, which is a bit of hangover from the impacts of the COVID years.
“So the demand from residential people wanting new and diversified housing is insatiable,” Mr Kiernan said.
Munro by Azure is being delivered in two stages, with the first stage comprising of 70 terrace homes.
The first stage is set for completion in the first quarter of 2025, while the second stage of 30 terraces will follow in the second quarter of 2025.
