GreenFort Capital and Gaw Capital have secured a second site for their over-50s land lease business with 26 dwellings at 40 Willow Grove (pictured set the pair back just over $4.5 million from separate buyers The deal comes about eight months since the company seeded with its c$7.7m acquisition of a 5.7ha Hervey Bay block at Beach Road at the bend it becomes Bay Drive from 300-505 square metres (with the average being 362 sqm) residents buy home outright buy pay a property owner a site rental fee Given the land is typically not zoned for residential As they increase in popularity – in part because of their affordability and popularity with seniors – resort like amenity including pools and bowling greens are sometimes built into them (story continues below) four being development sites able to accommodate a total c1300 dwellings In late 2022 meanwhile Ingenia Communities Group purchased a Gordonvale site the ASX listed company instead plans 275 for the bulk of the site and to sell down 19 plots as standard housing lots is the second GreenFort/Gaw Capital JV; in 2018 the pair established retirement living platform Reside Communities now with more than 1000 dwellings with a gross value of c$1 billion Subscribe to our newsletter at the bottom of this page A former property analyst and print journalist Marc is the publisher of realestatesource.com.au Forgot your password? You will receive mail with link to set new password Back to login This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page A new east-west road connection through Hervey Bay will improve accessibility and ease congestion for residents and visitors The Australian Government is contributing $7.7 million to the project to connect Urraween and Boundary Roads The Queensland Government is also contributing $3.1 million through the Transport Infrastructure Development Scheme and Fraser Coast Regional Council is contributing $15.7 million Federal Assistant Minister for Regional Development and Territories said the Hinkler Regional Deal is delivering crucial infrastructure for the region “The progress of the deal demonstrates the value of governments working together,” Ms Marino said “This project is being delivered in partnership with Fraser Coast Regional Council who have made a significant contribution to a range of projects through the Hinkler Regional Deal.” said the Queensland Government was committed to ensuring Hervey Bay continued to rebound back stronger after COVID-19 by contributing over $3 million to this road upgrade through the state’s Transport Infrastructure Development Scheme “This commitment ensures Hervey Bay’s roads keep pace with our city’s growth,” Mr Tantari said said the Boundary Road extension would provide alternative and improved access to the Hervey Bay city centre tourist destinations and the medical precinct “This massive road project – being delivered by local civil construction company SGQ – will provide a significant boost to the local economy generating employment for 89 people over the next 18 months,” Mr Chapman said “With the region’s population forecast to reach 150,000 within 20 years an improved east-west connection will cater for growth reduce traffic congestion and take pressure off Boat Harbour Drive Mr Chapman said the long-awaited project would fill in the missing link between Urraween Road and Boundary Road with a 1.9km “The Boundary Road extension has been planned since the 1980s with most of the road reserve for the project dedicated in the 1990s so it’s fantastic it’s now able to go ahead,” Mr Chapman said “While a lot of the work will occur on the road reserve there will be impacts on existing roads at various stages over the next 18 months and I thank everyone in advance for their patience during the construction period.” The project includes new traffic lights at the intersections at Grevillea Street and Denmans Camp Road Concrete shared pathways will be provided on both sides of Boundary Road with on-road cycle lanes also being included The initial works include the excavation of the drainage area and the removal of vegetation between Grevillea Street and Denmans Camp Road The work area will be fenced off to prevent pedestrian access through the construction zone but no road closures are planned during these initial works there may be road closures and detours in the Denmans Camp Road section of the project while Grevillea Street and Richard Charles Drive are likely to be impacted from mid-2022 The total project cost is estimated to be approximately $26.5 million The Boundary Road extension is likely to be completed in mid-2023 More details about the project, including a flyover animated video, are available at https://frasercoast.engagementhub.com.au/boundary-road-extension-project Australia’s biggest airports are maintaining a high quality of service The latest Australian Competition and Consumer.. Australia’s transport sector is urging the next federal government to confront declining construction productivity Roads Australia Chief Executive Ehssan Veiszadeh.. The Northern Australia Infrastructure Facility (NAIF) has reported on its impact across the country’s north All content published on this site is the property of Prime Creative Media Fraser Coast residents are invited to have ‘Brekkie on Boundary’ and walk Hervey Bay’s newest road connection on Sunday Council Roads spokesperson Denis Chapman said the Boundary Road extension was due to be finished and open within weeks making it easier for motorists to drive across Hervey Bay “The Boundary Road extension is a new east-west road connection that will support the rapidly growing Fraser Coast region into the future and take the pressure off Boat Harbour Drive,” he said “We appreciate the patience of motorists and those living in the area especially over the past 12 to 18 months as the construction extended beyond the road reserve to existing roads.” To celebrate the opening of the Boundary Road extension Council is organising a ‘Brekkie on Boundary’ community event on Sunday 11 August with a free sausage sizzle from 8.30am Attendees will have the opportunity to walk along and explore the new road at their own pace before the official opening ceremony starts at 9.30am Parking will be available along the Boundary Road extension with access from the Denmans Camp Road end Residents will be able to walk from the Grevillea Street intersection up to the Kawungan Way roundabout and back Cr Chapman said the project included the construction of a dual-lane two-way road along the vacant road reserve between the roundabout at the Urraween Road and Kawungan Way intersection connecting to the intersection at Boundary Road and Denmans Camp Road “This new road connection will provide improved access to the Hervey Bay city centre tourist destinations and the medical precinct,” he said “It is a project that has been decades in the making and will serve us for decades to come.” The Boundary Road extension project was funded by the Australian Government ($9.625 million) as part of the Hinkler Regional Deal initiative the Queensland Government through the Transport Infrastructure Development Scheme ($3.272 million) and Fraser Coast Regional Council which also funded associated upgrades to the existing roads and drainage network Queensland Police are appealing for public assistance to help locate a 12-year-old boy reported missing from Urraween was last seen around 11.30am on Wednesday (September 22) near Heather Way “Additional information suggests the boy may also be wearing a white hooded jumper with black shorts black/white shoes and carrying a backpack,” QPS said in a statement Police are concerned for the boy’s welfare due to his age approximately 165cm tall with blue eyes and light brown/blonde hair Anyone with information regarding the boy’s current whereabouts – or anyone who sees the boy – is urged to contact police rather than approach him directly Information and Events for Seniors throughout Australia Contact us: newsdesk@australianseniorsnews.com.au easier Covid-19 journey and remote working saw a flood of people move towards better lifestyle choices The top 20 Qld suburbs where rental housing needs are most dire have been named stretching from Cairns to Coolangatta with no vacancy rate more than 0.8 per cent The RentRabbit.com.au Rental Crisis Report warned renters in those suburbs were in a dire situation given most were on the lower end of the socio-economic scale RentRabbit co-founder Ben Pretty said there was a need to put in greater protection from rental price surges for tenants via the Rental Tenancies and Rooming Accommodation Act MORE: Rent crisis: 87,000 properties ‘empty’, water’s on, noone’s home Brisbane penalises homes used as ‘pseudo-hotels’ on Airbnb, Stayz The lease on a unit in this Bilinga building is for about four months “There are major issues within the rental legislation which can help address some of these circumstances Currently there’s no maximum limit on increases in rent – that needs to change You cannot have someone who’s been renting the same property for four to five years all of a sudden get a rental increase of $150 or more We’re seeing many renters in Brisbane receive such increases As a voice for the renters we’re really calling on the state government to look at that legislation and stop that increase.” One of just five houses for rent in Margate Mr Pretty said in many of the suburbs named renters did not have as much financial choice compared to others “For affluent tenants in more privileged suburbs they at least have more options in terms of where they can live especially as many of them are knowledge workers who can work remotely,” he said “But for the many tenants who have low household incomes and who live in socio-economically disadvantaged areas they’re really struggling right now and have very few options.” Mr Pretty said a multi-tier government approach was necessary to tackle the crisis “We hope the new Albanese government can work with the Queensland government to find a way to increase the level of rental supply and solve this problem although we recognise there are no easy answers.” The suburbs named have three things in common – incredibly low vacancy rates low average weekly household incomes and below-average in terms of socio-economic status – and are ranked on median weekly rent as a share of average weekly household income Rental properties are regarded as ‘officially’ vacant when they’ve been on the market for 21 days or more Rent: A four-bedroom house at 20 Matisse Court is one three houses listed for rent in the suburb The home is listed at $745 weekly with a bond of $2,980 and available now. Vacancy rate – change -0.3 percentage points Vacancy rate – change -0.5 percentage points Vacancy rate – change -0.2 percentage points Vacancy rate – change -0.4 percentage points in Cairns South is a three-bedroom house listed for rent at $535 a week and available from June 20 Vacancy rate – change -0.7 percentage points BEERWAH houses (Sunshine Coast Hinterland) Rental listings have been tight across most suburbs as families were drawn to relocate to Qld Vacancy rate – change -1.9 percentage points Rent: A five-bedroom house at 37 Tahiti St One of two houses listed for rent in the suburb Vacancy rate – change -0.8 percentage points Vacancy rate – change -0.9 percentage points Vacancy rate – change -1.1 percentage points ATHERTON houses (Tablelands East – Kuranda) Vacancy rate – change -0.1 percentage points Vacancy rate – change -1.3 percentage points FOLLOW SOPHIE FOSTER ON TWITTER third parties have written and supplied the content and we are not responsible for it completeness or reliability of the information nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders We strongly recommend that you obtain independent advice before you act on the content realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd. By accessing or using our platform, you agree to our Terms of Use.