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Real Estate & Business

8 March, 2021

1500 workers to benefit from site

OVER 1,500 drive-in/drive out workers at the proposed Olive Downs coal mine will benefit from Sarina’s new 580 lot housing development.

By John Bell

Proposed area of the development.

Executive Chairman and Chief Investment Officer of Sentinel Property Group Warren Ebert said Sarina’s $300M new home project, which will enable about two-hour bus rides to work for coal workers, will also help solve the greater Mackay region’s housing shortage.

There are less than eight residential land blocks for sale in Sarina and there are no new houses for sale in Sarina that are less than five years old.

The 70-heactre housing site is next to Sarina Supa IGA/Kmart and Sarina Showgrounds adjoins the Bruce Highway, Sarina Beach Road and Brooks Road includes larger and more family orientated 750 plus sqm lots, which will suit boat and caravan owners

Housing lots will be cheaper than in Mackay and cost $160,000 to $200,000 for 750 sq to 1,000 sq, while similar blocks in Mackay sell for $230,000.

Complete house and land packages will cost high $400,000 to low $500,000, for four bed, two bath homes, with an en-suite and a two-car car garage, plus there are backyard shed options.

The Sentinel Property Group’s project includes a $40 million commercial development for a petrol station, fire and ambulance centres, plus childcare, medical facilities, aged care and caravan and tourist parks.

Sarina’s more open space lifestyle and closeness beaches is near major employment hubs at Aurizon’s wagon overhaul facility at Jilalan, the Hay Point Terminals and the major coal mining employers in the Bowen Basin.

Sentinel Property Group is negotiating with the Mackay Regional Council and civil works for stage one is expected to start in mid to late 2021.

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