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Queensland mining towns to see new developments

New developments are set to get underway in Queensland towns.

An array of new developments are set to take place in the Queensland mining boom towns of Moranbah and Blackwater.

Almost 160 lots have been opened up for the creation of new Australian property in the two towns, Australian Property Investor reports.

Deputy premier and minister for state development, infrastructure and planning Jeff Seeney commented: "To date, the limited supply of residential land in Blackwater and Moranbah has had an adverse impact on the availability and affordability of housing."

Mr Seeney added that the new developments will range in size up to 1,000 sq m, with demand for the new homes predicted to be high.

Work on the project is aiming to get underway by March next year.

Last month, the news provider reported the latest Buy Versus Rent report from RP Data highlighted Queensland as offering the most areas in Australia (84) where it is presently better value to buy property than to rent.

Posted by Steve Douglas

- mining, property, development, investment, Moranbah, Blackwater

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