ULDA head Paul Eagles.
ULDA head Paul Eagles.

Come over to My Place, ULDA urges

THE Urban Land Development Authority remains hopeful its My Place affordable housing scheme will find favour in mining towns, despite a lukewarm response from Blackwater service workers.

Designed to target employees in the retail and service sectors priced out of the marketplace by high income earners or investors, My Place has been a success in Gladstone where homes at the ULDA's HillClose development priced from $220,000-$350,000 have "sold like hotcakes".

A lone Blackwater service worker nominated for the ballot to lay claim to one of five one and two-bedroom townhouses priced from $295,000- $355,000 at the Aurora Close site.

"We would have preferred to see more interest in Blackwater, but I guess given this is the first round and it is new to everybody, it's not too bad," Mr Eagles said.

"We ran it over Christmas because we wanted to take advantage of the (Queensland Government's $10,000) building boost, and I think in hindsight, people's focus may have been on other things."

Mr Eagles said the ULDA would continue to explore new ways of presenting accommodation options in the face of rising construction and land costs. The release of affordable accommodation in four to six-monthly blocks would give workers the chance to forward plan, and shore up finance and a future in the town, he added.

"At the end of the day to get a well-priced product we need innovation in design and smaller lots," he said.

"With the My Place program we realised there is a need for intervention to actually give low and moderate income workers the opportunity to buy ahead of the

market.

"As soon as homes come on the market normally, they're snapped up by cashed-up investors or mining companies and this program, because it runs release by release, will allow low to moderate income workers to plan ahead."

A development application for a 171-lot subdivision has been lodged for a residential development on Blackwater's Bauman Way.

Stage one of construction is slated to begin in April.

The ULDA has received more than 400 expressions of interest in its scheme for 94 homes across the state's urban development auth

ority areas.


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