Western Australia Minister for Lands Brendon Grylls
More Residential Land For Karratha
Victor P Taffa
- Otan Property Funds Management to develop 369 dwellings in Nickol
- First 148 lots under way at Madigan Road
More residential land for Karratha is now under development at Nickol and Madigan Road, and will eventually yield more than 1,200 lots.
Lands Minister Brendon Grylls today marked the start of the development of 369 dwellings on 24 ha of land in Nickol by the company Otan Property Funds Management.
“LandCorp will work closely with Otan to develop the land and bring it to the Karratha market, with earthworks expected to start in the next few months.” Mr. Grylls said.
“A key aspect of the Otan development will be the provision of affordable housing, and a diverse range of housing options to cater to the changing residential needs of Karratha.”
“Otan will create 220 lots sized about 550 sqm for traditional homes as well as 89 grouped dwellings and a site which can be developed for up to 60 apartments.”
“This project is yet more evidence of the success of the State Government’s Pilbara Cities initiative to attract more private developers to the Pilbara.”
Earthworks are also under way for the first 148 lots in Stage 1A of LandCorp’s newest estate Madigan Road, a 68 ha parcel of land next to Baynton West in Karratha.
With sales expected to commence later this year, the Madigan Road development will offer a range of lot sizes and housing options, providing affordable and diverse housing options.
Consisting of more than 1,000 residential and mixed use lots, the new development will include a mixed-use commercial precinct main street which will connect with the new town centre.
– 24ha super lot on Rankin Road, 369 dwellings including 220 lots, 89 grouped dwellings and up to 60 apartments
- Madigan Road:
– First 148 lots by the end of 2012
– Ultimately more than 1,000 lots over 68 ha