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Media Release

17 August, 2016

Sunshine Coast Mayor Cr Mark Jamieson and AVID Property Group, owner of Palmview’s largest masterplanned community – Harmony – today celebrated the start of the new $3billion development on the Sunshine Coast, with the first sod turned onsite.

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

AVID Property Group General Manager Bruce Harper said today marked the beginning of an exciting time for the Sunshine Coast and was the culmination of 10 years of planning to deliver a quality masterplanned community to the Sunshine Coast region – the first within Palmview.

“After many years of careful planning we are thrilled to finally break ground on Harmony,” Mr Harper said.

“Harmony is the first masterplanned project to commence in the Palmview area, with the first stage of works the extension of Claymore Road into Peter Crosby Way – Harmony’s main entry road. This is just the beginning of Harmony’s journey to deliver diversity in housing, significant new parklands and a new Town Centre.

“Harmony aims to set new standards in community design, not only through the homes that will be delivered, but through the design of green space and parklands that will provide connectivity throughout the development.

“AVID’s focus at Harmony is on delivering authentic Sunshine Coast living – and to do that we have a strong emphasis on embracing all that is unique about coastal living.”

With a development timeline of 15-20 years, AVID Property Group anticipate works on Peter Crosby Way and civil construction on the first land release will take 12 months to complete, and estimate early 2017 for construction to commence on Harmony Display World – the largest display village north of the Brisbane River – which will showcase the latest home designs from Queensland’s best builders.

Deputy Premier, Minister for Infrastructure, Local Government and Planning and Minister for Trade and Investment, Hon. Jackie Trad MP said the government was very pleased to see work commence at Harmony – one of three developments within the 500 hectare Palmview area.

“The Palaszczuk government is particularly excited to see AVID Property Group’s project commence, and the $5 million committed in loan funding from the State will accelerate the delivery of water and sewerage infrastructure to the development,” Ms Trad said.

“With the Coast’s population set to significantly increase over the next 20 years, this development will deliver much needed housing to cater for the region.”

Sunshine Coast Mayor Mark Jamieson said the start of the $3 billion project would not only deliver quality housing to meet the growing needs of the region, but provide a boost for the local economy through jobs.

“It’s a significant day for the Sunshine Coast, with the masterplanned community at Palmview now underway,” Mayor Jamieson said.

“It’s not every day that a $3 billion project commences in the region – and one that will provide homes to more than 12,000 of the total of 17,000 people who will live in the overall master planned community at Palmview.

“The Coast will benefit hugely from the 9000-plus jobs that will come online as a result.

“Harmony’s main entry road – Peter Crosby Way – will not only service future Harmony residents and those in neighbouring communities, but also pays homage to the site’s Crosby family history.

“There’s much to be excited about on the Sunshine Coast at the moment, with a number of key infrastructure projects underway all adding to the appeal of buying and living on the Coast.”

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.

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 jointventure 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