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Author Topic: Pacific View Estate at Worongary  (Read 3852 times)

Offline ozbob

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Pacific View Estate at Worongary
« on: March 21, 2015, 06:49:46 AM »
http://statements.qld.gov.au/Statement/2015/3/21/new-gold-coast-estate-to-deliver-homes-jobs-and-lifestyle-opportunities?utm_source=twitterfeed&utm_medium=twitter

Media Statements
Deputy Premier, Minister for Transport, Minister for Infrastructure, Local Government and Planning and Minister for Trade
The Honourable Jackie Trad
Saturday, March 21, 2015

New Gold Coast estate to deliver homes, jobs and lifestyle opportunities

The Queensland Government’s approval of the Gold Coast’s newest estate Pacific View will mean new home and lifestyle opportunities and 2,700 jobs for Queenslanders.

Deputy Premier and Minister for Infrastructure, Local Government and Planning Jackie Trad said the decision to approve the $1 billion Pacific View Estate at Worongary proved the Queensland Government was committed to creating jobs and delivering infrastructure projects.

“The proposed development was ‘called-in’ on 17 December 2014 at the request of the proponent, Pacific View Farm (Queensland) Pty Limited, and after careful consideration I have now made my decision to approve the estate based on a rigorous review by the department,” Ms Trad said.

“This development will create more than 2,700 jobs during construction—builders, carpenters, electricians, landscapers, and all their apprentices—and has the potential to contribute $3.2 billion to our state’s economy.

“Pacific View Estate will also provide approximately 3,500 new homes for Queensland families.

“As a mixed-use, master-planned community, Pacific View Estate will offer excellent community lifestyle advantages including open spaces, parks and facilities, including a village centre, restaurants, retail and office space.

“The development will include an industrial precinct that will support further employment and provide an ongoing contribution to the Gold Coast’s economic development.”

Ms Trad said Queensland’s suburbs should be encouraged to grow and develop, but that this should happen with a commitment to community values and also considering the environment.

“There are plans to upgrade existing transport options and establish new ones such as bus routes, cycle lanes and railway connections which will ensure residents are well connected to the city and surrounding estates,” Ms Trad said.

“In response to concerns raised during consultation, I have imposed strict conditions on this development.

“This includes the provision of an Ecological Corridor Precinct to protect valuable habitats and maintain scenic values, while a Green Space Precinct will also be provided for the community to enjoy.”

Other conditions on the development include:

    the retention of the watercourse on the southern boundary of the site within the Ecological Corridor Precinct, which would provide further habitat for wildlife and enhance visual amenity
    mitigation of traffic impacts of the development on state and local road networks to ease transport concerns
    management of the development’s stormwater to protect upstream and downstream properties
    the provision of appropriate infrastructure for all lots.

Ms Trad said Gold Coast City Council and other relevant referral agencies had been consulted prior to approval.

More information on Pacific View Estate, Worongary can be found at: www.dsdip.qld.gov.au/development-applications/pacific-view-estate-gold-coast.html or www.pacificviewestate.com.au/ (external site)
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Offline #Metro

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Re: Pacific View Estate at Worongary
« Reply #1 on: March 21, 2015, 07:28:26 AM »
How does this compare to The Gap issue?
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Offline ozbob

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Re: Pacific View Estate at Worongary
« Reply #2 on: March 21, 2015, 08:10:48 AM »
Couriermail --> Deputy Premier Jackie Trad says Pacific View Estate at Worongary could create $32.3 billion boost to economy

Quote
A NEW Gold Coast suburb housing more people than Coomera is to be built at Worongary after the State Government approved a $1 billion project yesterday.

The Pacific View Estate will have 3500 new homes for up to 10,000 residents, a village centre with shops, offices, a tavern and restaurants.

Deputy Premier Jackie Trad said the project had the potential to create a $32.3 billion boost to the economy ...
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Offline #Metro

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Re: Pacific View Estate at Worongary
« Reply #3 on: March 21, 2015, 08:16:06 AM »
Quote
“This development will create more than 2,700 jobs during construction—builders, carpenters, electricians, landscapers, and all their apprentices—and has the potential to contribute $3.2 billion to our state’s economy.

I wonder how that was calculated?

$3.2 billion divided by 3,500 new homes is $1 million per house? Who is living $1 million dollar houses in the back of the Worongary?

The materials and labour are not free, they have a cost. This cost needs to be deducted from the benefits and whatever left over, is the value created in the economy. In a purely commercial operation, this would be the profit - the value created from putting things that aren't very useful/valuable together that is worth more than the sum of its parts.

I don't know what the margins are on developers, but let's say it is 10%, then the actual value generated is around $350 million, or $100 000 per house, which seems much more realistic.


Interestingly, this also permits us to create an estimator to see how much value the decision to alter The Gap/Upper Kedron development density from about 15 dwellings/ha to just 7.5 dwellings/ha.
« Last Edit: March 21, 2015, 08:21:26 AM by LD Transit »
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Offline #Metro

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Re: Pacific View Estate at Worongary
« Reply #4 on: March 21, 2015, 08:24:48 AM »
Quote
Deputy Premier Jackie Trad said the project had the potential to create a $32.3 billion boost to the economy ...

LOL, I think the Courier Mail misplaced their decimal point when compared to the original.  :fo:
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Offline ozbob

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Re: Pacific View Estate at Worongary
« Reply #5 on: March 21, 2015, 08:48:12 AM »
^

Twitter

 Robert Dow @Robert_Dow  ·  15m

. @couriermail @wrongdorey Typo ? $32.3 Billion? Should that read $3.2 Billion ? > http://www.couriermail.com.au/news/queensland/deputy-premier-jackie-trad-says-pacific-view-estate-at-worongary-could-create-323-billion-boost-to-economy/story-fnn8dlfs-1227271958026 … #qldpol
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Online SurfRail

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Re: Pacific View Estate at Worongary
« Reply #6 on: March 21, 2015, 08:49:29 AM »
Hazarding a guess, I expect we are looking at a bus service with very average operating hours and frequency between Nerang Station and Robina Town Centre.  I'd have to look at the development proposals but maybe something like:

- Leaving Nerang via basically the 743 route as far as Pappas Way
- Then via Hinkler Drive to the Worongary shops travelling either the whole length or through the development
- Then via the 748 or 758 routes to Robina Town Centre
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Offline City Designer

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Re: Pacific View Estate at Worongary
« Reply #7 on: August 16, 2015, 01:55:33 PM »
Their own website says $3.2 billion in the FAQ.

http://www.pacificviewestate.com.au/facts-figures/

 

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