News

$3 Billion AVID Project Gets $5 Million Kick-Start

March 8, 2017 | IN Media Release and News | BY Holly Brennan | 2 min read

Water and sewage works at Palmview’s largest masterplanned community, Harmony by AVID Property Group, are officially underway thanks to a $5 million loan from the Queensland Government’s Catalyst Infrastructure Program (CIP).

The Catalyst Infrastructure Program is an initiative to invest infrastructure in the state that boosts development and long-term jobs and growth prospects, and requires the developer to repay the loan in full over the life of the project.

Set on 378 hectares and located in the heart of the Sunshine Coast, Harmony by AVID Property Group is set to deliver more than 4,800 homes for 12,000 future residents, 100 hectares of open space and a 15,250m2 GFA Town Centre.

AVID General Manager Bruce Harper said the funding loan from the State Government had allowed AVID to fast-track this stage of the development.

“This funding loan has given the project the means to accelerate the commencement of the water and sewage works, which a great thing for the Sunshine Coast,” Mr Harper said.

“AVID has committed to repaying the State Government the $5 million within the first five years of Harmony’s 15 year construction timeframe.

“The funding loan means we’ll be able to deliver Harmony for the community much sooner, with these key infrastructure works forecast for completion by September-2017.

“We are extremely grateful and pleased the State Government has loaned the money to Harmony, a project which we believe is going to be a legacy for the region.”

Deputy Premier, Minister for Transport and Minister for Infrastructure and Planning Jackie Trad said the Palaszczuk Government could see the enormous economic benefit the project would contribute to the Sunshine Coast region.

“With more than 9000 jobs to be generated on the Sunshine Coast the $5million Catalyst Infrastructure Program loan will lay the groundwork for this entire project,” Ms Trad said.

“The funding provided by the Palaszczuk Government will push this project along as it establishes itself as one of the key economic drivers for the region.”

The commencement of the water and sewage works comes just months after the project’s first sod was turned in late 2016.

SourceThe Urban Developer

Recommended for you

March 25, 2024

Family ties: Multi-generational living with a twist reigns in Chisholm community

January 10, 2024

Diversity path positions AVID for better business performance and growth

December 20, 2023

Construction industry tees off and raises $110K for mental health and homeless youth

December 15, 2023

Popular Gold Coast community “Amara” celebrates 1st birthday and 30 per cent complete milestone

December 14, 2023

SYMPHONY WAY NOW OPEN NEW ROAD SIGNALS NEXT CHAPTER FOR HARMONY

December 12, 2023

Locals flock to merriest neighbourhood in Chisholm for annual Christmas event

December 8, 2023

‘Blue spaces’ drive land demand in Chisholm

December 8, 2023

Open for Christmas: Residents celebrate $1.3 million park with merry event

December 6, 2023

School kids test $1.3 million community park in Diggers Rest

November 29, 2023

Work kicks off on Harmony’s second grand linear park

Brentwood Forest

Located just 5 km from Springfield Central with shopping centres, health and recreation hubs, schools, childcare facilities and public transport at your doorstep. Brentwood Forest is nestled in its own wooded enclave that rises above the surrounding valleys, a family-oriented address which offers a sense of tranquillity, space and seclusion. With playgrounds and leafy parks, quiet streets and easy access to schools, shops, sports facilities and everyday services, Brentwood Forest offers a sense of escape from the hassles of suburban life, while still remaining close to all that matters.

Designed by the experts

Peace of mind

Everything done for you

Complete finance solution

Your home is where our heart is