Water and sewage works at Palmview’s largest masterplanned community, Harmony by AVID Property Group, are officially underway thanks to a $5 million loan from the Queensland Government’s Catalyst Infrastructure Program (CIP).

The Catalyst Infrastructure Program is an initiative to invest infrastructure in the state that boosts development and long-term jobs and growth prospects, and requires the developer to repay the loan in full over the life of the project.

Set on 378 hectares and located in the heart of the Sunshine Coast, Harmony by AVID Property Group is set to deliver more than 4,800 homes for 12,000 future residents, 100 hectares of open space and a 15,250m2 GFA Town Centre.

AVID General Manager Bruce Harper said the funding loan from the State Government had allowed AVID to fast-track this stage of the development.

“This funding loan has given the project the means to accelerate the commencement of the water and sewage works, which a great thing for the Sunshine Coast,” Mr Harper said.

“AVID has committed to repaying the State Government the $5 million within the first five years of Harmony’s 15 year construction timeframe.

“The funding loan means we’ll be able to deliver Harmony for the community much sooner, with these key infrastructure works forecast for completion by September-2017.

“We are extremely grateful and pleased the State Government has loaned the money to Harmony, a project which we believe is going to be a legacy for the region.”

Deputy Premier, Minister for Transport and Minister for Infrastructure and Planning Jackie Trad said the Palaszczuk Government could see the enormous economic benefit the project would contribute to the Sunshine Coast region.

“With more than 9000 jobs to be generated on the Sunshine Coast the $5million Catalyst Infrastructure Program loan will lay the groundwork for this entire project,” Ms Trad said.

“The funding provided by the Palaszczuk Government will push this project along as it establishes itself as one of the key economic drivers for the region.”

The commencement of the water and sewage works comes just months after the project’s first sod was turned in late 2016.

About Harmony

AVID Property Group’s $3billion project – Harmony – is strategically located in the heart of the Sunshine Coast and is the largest masterplanned community underway in the Palmview area.  Set on 378 hectares, Harmony will deliver more than 4,800 homes for 12,000 future residents, catering to a wide range of buyers – all enhanced by 100 hectares of open space and the future delivery of a 15,250 GFA Town Centre.  More than 9,000 short-term jobs will be generated through the delivery of the project.

Harmony’s design embraces the Sunshine Coast’s enviable lifestyle and living at Harmony means it’s easy to get around. Harmony is conveniently connected to the Bruce Highway and the Sunshine Coast Motorway, and Mooloolaba is 10km and Maroochydore 14km to the north, the coastline is only 7km to the east, Brisbane is 90 km to the south, and the Sunshine Coast hinterland is only 20kms to the west.

View development website: www.harmonyliving.com.au

About AVID Property Group

AVID Property Group undertakes industrial and residential development in key growth corridors across Australia. With a pipeline value of $3 billion, our developments encompass broadacre and infill subdivision, incorporating more than 8,500 residential lots and over 640 hectares of industrial land.

AVID Property Group strives to deliver sustainable, community based projects that are progressive and of high quality and well serviced by transport, infrastructure and amenity. Led by highly experienced senior management and development teams with a broad range of expertise, AVID Property Group is able to add significant value at each stage of the project lifecycle. With a record of forming strong relationships, particularly with joint-venture partners, AVID Property Group is committed to extending existing business relationships and developing new opportunities with like-minded individuals, organisations and government.

Figures current as at September 2016