Oreana's Growth at North Shore: Aiming to Meet Demand
Oreana, a prominent developer-builder, is marking a significant milestone in the property market by doubling land sales at Townsville's North Shore community. Following its acquisition of North Shore from Stockland in February 2025, Oreana has recorded 146 sales, a substantial increase from approximately 70 sales the previous year. This surge aligns with a growing demand as Oreana pushes to increase production to 250-300 lots annually.
Affordable Living in Townsville
Particularly attractive is the average land price at North Shore, which stands at around $255,000, making it notably affordable compared to other urban centers. Daniel Hirst, Colliers Residential Director, emphasizes that this affordability is drawing many interstate migrants seeking better living conditions. The introduction of smaller lots for townhomes caters to first-time buyers and those downsizing, ensuring a vibrant, inclusive community.
Your Community's Future
The North Shore development spans over 900 hectares and is set to include around 5,600 homes, complemented by a large town center, schools, parks, and essential facilities. Oreana is collaborating with the Townsville City Council to expand the town center, demonstrating a commitment to enhancing the community's amenities. This planning aims to solidify North Shore as one of Queensland's premier residential destinations.
Support for Local Heroes
As part of its community-focused initiatives, Oreana offers a Local Heroes program, providing discounts to individuals in essential services such as healthcare and education. This initiative not only fosters loyalty but also supports key workers in securing affordable housing within the community.
Looking Ahead
With projections of increasing sales and planned expansions, North Shore is positioned well to cater to the steady influx of residents moving to Queensland. Oreana’s ambitious plans reflect a strategic approach to meet the evolving needs of the Townsville market. As the landscape continues to shift, the collaboration between Oreana and the local government promises significant development opportunities that will shape the future of this burgeoning community.
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