Plans for a $30-million residential enclave have been given the green light for what is touted as the last freehold land on one of the highest points at Peregian Springs on the Sunshine Coast.
To be known as Lumeah, it is a joint venture between local developers McNab and Cube Developments
The development will comprise 31 land lots ranging from 367sq m to 734sq m across a 2.79ha site within walking distance of the Peregian Springs Shopping Centre and a surf lifesaving club, and close to schools.
It is strategically positioned to tap into Queensland’s strong population growth with a predicted 20,000 annual interstate migrants set to push the state’s total population to 5.5 million by mid-2024.
Source: https://www.theurbandeveloper.com/