Moreton Bay Regional Council has released its statistical snapshot for 2015-16, which shows the region is in a strong economic position, following record growth, investment and development last financial year.
Moreton Bay Regional Council Mayor Allan Sutherland said with the completion of the Redcliffe Peninsula Line and connecting road network, work underway on Petrie’s transformational university precinct, and major investments like IKEA and Westfield North Lakes supporting thousands of local jobs, 2015-16 had been an extraordinary year for the region.
“Council has worked extremely hard in 2015-16 to continue to drive economic development and jobs growth across our region, through record investment in region-building infrastructure including major upgrades to our local roads and new bridges and pathways to connect more than 34 per cent of our region to the Redcliffe Peninsula Line.
“In 2015-16, council processed 2,804 development applications and endorsed 4,771 lots of which 4,204 were residential. This delivered the third highest number of residential lots, new lot sales, and detached dwelling approvals in all of Queensland.
“In preparation for the Redcliffe Peninsula Line’s opening, Council also amended its planning scheme to encourage opportunities for transit oriented development along the rail corridor, which will help transform station precincts into community hubs where people work and live around public transport.”
With the completion of North Lakes’ much-anticipated IKEA store and $170 million Westfield expansion, more than 900 new jobs have been created for the region.
Source: Moreton Bay Regional Council www.moretonbay.qld.gov.au