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New Queensland school developments could offer investment opportunities

On Dec 18 2013
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Anyone looking in to purchasing investment property could be interested in the latest development ...

Anyone looking in to purchasing investment property could be interested in the latest development project announced in Queensland, with the Newman government stating that 10 new schools will be developed throughout the state.

When looking for a property, many people keep an eye out for a home that is in proximity to great amenities. Schools, public transport hubs and town centres that are close to real estate are often actively sought after.

Treasurer Tim Nicholls said the move was a part of the government's commitment to developing the state's infrastructure and planning for Queensland families heading into the future.

"These 10 new schools, built in key South-East Queensland growth spots are another way we're securing Queensland's future, revitalising front line services for families," said Mr Nicholls said in a December 17 statement.

The five year construction period, which is due to start early 2014, will help to boost the economic activity in the region by generating 1,700 jobs and aiding the development of one of Queensland's four industry pillars.

"Not only will this project deliver value for money for Queensland taxpayers, but importantly it also improves educational outcomes by allowing principals and teachers to concentrate on education while maintenance and upkeep of the facilities is taken care of," said Mr Nicholls.

The 10 schools will consist of two secondary and eight primary centres. Overall, this will provide education for upwards of 10,000 students during peak periods of enrollment.

Acting Education, Training and Employment Minister Ian Walker said it was great to see the Newman government's commitment to the future development of the state by helping achieve better education outcomes for children throughout the area.

Two of the schools will be built in Caboolture, while the others will be constructed in Pimpama, Burpengary, Pallara, Ripley Valley, Springfield, Griffin, Bellbird Park and Redbank Plains.

"As well as servicing our rapidly growing student population, the schools will employ over 500 teachers and 130 non-teaching positions, with the first schools expected to be open for the commencement of the 2015 academic year," said Mr Walker in a December 17 statement.

The project has been given to Plenary Schools, who will take care of the design, construction, commission, financing and maintenance of the facilities, as well as providing management services until 2043.

This could present a great opportunity for investment in residential properties, as well as the continued development of the Sunshine State.

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