More than 100 blocks sold at Lendlease’s $11 billion Yarrabilba master planned community

The next of stage of Lendlease’s $11 billion Yarrabilba master planned community has been fast tracked, following some 100 blocks being sold last month. Local and interstate buyers have continued to register their interest in the future lots at the new precinct, known as The Parks. Yarrabilba has some 10,000 residents, since launched eight years ago, and is credited as one of Queensland’s most popular masterplanned communities. Lendlease development director for Yarrabilba Michelle Wooldridge says the precinct would help meet significant pent-up demand for new homes in the Logan region. The new precinct will eventually provide around 2000 new homes with more than 35 per cent of The Parks dedicated to parklands and green space. The next release of The Parks will be mid-July. Lendlease recently welcomed a Queensland Government announcement to help fast-track the next phase of Yarrabilba, which will include a new state primary school. The State Government will contribute $15 million towards new infrastructure works at Yarrabilba as part of its Building Acceleration Fund (BAF) program, with Lendlease co-investing $9.8 million. The works will support 100 jobs and include earthworks, water, sewer, electrical and communications mains, streetscaping and roadworks for the next 2,000 residential lots within Yarrabilba, paving the way for the new school site.