Construction on Townsville residential project begins
The Northern Queensland city of Townsville is seeing the start of a residential construction project that will introduce 2,700 new lots to the area.
The Cosgrove Residential Project will house thousands of families, as well as providing areas for shops and other businesses.
Cosgrove gets its name from retired Australian army general and chief of the Defence Force Peter Cosgrove.
Visiting the site yesterday (April 10), minister for natural resources and mines Andrew Cripps had this to say: "This is an important project for families looking to buy their first home in one of Townsville’s fastest growing areas, and over the life of this project, I expect to see Cosgrove develop into a thriving community hub."
According a report published by the Office of Economic and Statistical research last year, the Townsville population is expected to grow to between 209,472 and 223,808 by 2016.
The city currently has around 200,000 citizens.
"This project promises to deliver much needed housing and infrastructure to Townsville at a time when the city is experiencing growing pressure," Cripps said.
The construction project is promising for people looking to buy a residential property in the near future, or look into land or property investment in the growing area.