Birthday milestone heralds next stage of life for suburb

first_imgA render of Laguna North LakesMore than 5000 home sites have been created at North Lakes, which will eventually be home to about 25,000 people.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours agoCensus data shows that 21,671 people called North Lakes home in 2016, up from 15,046 in 2011. In 2016, the average age of a North Lakes resident was 32 years old, compared to the state average of 37.The median sales price for a house at North Lakes is $495,000, according to the latest data from CoreLogic. For a unit it’s $434,000. A render of Laguna North LakesThe next phase will be the $250 million 1.7ha mixed-used Laguna precinct, which is now under construction in the community’s CBD.The 36,000sq m precinct is being developed by joint venturers The George Group and Pointcorp.George Group director Patrick George said that not only was the local population expected to grow, so was retail trade.“Our specially commissioned research has indicated that by 2031 retailers in the North Lakes trading area can expect a total consumer spend potential of over $600 million per annum,” Mr George said.“And with average annual household incomes already roughly 12 per cent higher than that of greater Brisbane, the spending power of local residents is only set to further benefit new retailers, commercial businesses and hospitality operators relocating to North Lakes.”Leasing of retail space within Laguna is under way, but it is the architectural design that has those involved excited.“Laguna North Lakes will become a vibrant, village-like destination centred around a tree-lined laneway,” Mr George said.“The project has been designed not only for the local community and businesses to enjoy, but also the whole of Brisbane.“Laguna will really put North Lakes on the map as a go-to destination to eat, shop, stay and play.” Artists impression of Laguna North LakesHappy 12th birthday North Lakes. It seems hard to believe that this growing community did not even exist as a suburb before February 17, 2006.It was, until then, just another part of Mango Hill.But after developer Stockland took over the site, what is now known as North Lakes has grown. Fast.It has become a ‘destination suburb’, with visitors drawn to North Lakes for its retail and amenities. It is home to its own Westfield shopping centre, Myer, Ikea and Costco.And it will soon be home to another major attraction — Laguna, a lifestyle precinct that will include a public swimming lagoon, 2000sq m of health and wellness facilities, a 1500sq m resort-style bar and restaurant, a retail precinct, a 140-room hotel, and office space.Stockland regional manager David Laner said that since its launch in 1999, North Lakes had become known for its design and livability.“North Lakes is one of the state’s greatest success stories, growing from a small community to a premium destination with top quality amenities that’s now home to more than 21,600 residents,” Mr Laner said.“There is a range of housing options to meet homebuyers’ unique needs, from those taking their first steps on the property ladder to people seeking a luxury lifestyle close to everything.”last_img

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