QM Properties have responded positively to the Gold Coast City Council’s recent initiative to encourage development. Mayor Tom Tate introduced a ‘kick start’ allowance with a 100% discount for developers on recreational areas and transport infrastructure charges for civil works for new developments.
QM have commenced civil construction on 61 allotments in stages eight to 11 of Coomera Retreat in the North Gold Coast Corridor.
“The discount to developers is available provided the civil works are substantially commenced within certain timeframes,” said QM Sales Manager Damien Ross. “Ours was March 30th, so despite the rain, we still came in well within the deadline.”
QM see this as a boost to their confidence in the development, and the programs is a first for South East Queensland.
“As government taxes and charges comprise a large portion of the costs of any new development we can make savings which will result in better value for our clients,” said Damien.
According to Councillor Donna Gates for Gold Coast City Council Division 1 the ‘kick start’ allowance is positive for the area.
“The Gold Coast City Council is keen to work with developers like QM Properties to help kick start the property market,” said Councillor Donna Gates. “We are working with the private sector to increase the amount of construction and building at the Gold Coast.”
“Every lot approved by Council creates two jobs for 12 months,” she said. “The Council is planning for the scheme to inject $4 billion into the economy of the Coast.”
QM have been developing Coomera Retreat since 2008, with over 220 lots sold in the previous stages during which time it has become one of the premier residential destinations in the Brisbane-Gold Coast corridor.