In a landmark acquisition that signals confidence in regional housing growth, property developer Stockland has purchased the expansive Kings Forest development site in Northern New South Wales for a staggering $620 million. The 869 hectare parcel, located in the Tweed region, is set to become one of the largest master-planned communities in the state, offering a significant boost to housing supply in the area.
The project has been in the making for over a decade, with planning approvals and land zoning finally aligning to make the sale and future development possible. Stockland’s plan for Kings Forest includes approximately 4,500 residential lots, along with schools, parks, and community infrastructure. There is also provision for retail precincts and transport links, reinforcing its vision as a self-sufficient, modern urban hub.
The demand for housing in the Tweed region was immediately evident, with the first 38 home sites selling out in just 12 hours. This strong response underlines the urgent need for well-located, affordable housing in coastal regional areas, especially as more Australians continue to migrate away from metropolitan centres in search of lifestyle-focused living.
This acquisition is expected to be a major driver of economic activity in Northern NSW, creating jobs in construction, infrastructure and services over the coming decade. For Stockland, it also marks a strategic investment in one of the fastest-growing regions of the state.
As housing pressures continue to mount across the country, developments like Kings Forest are not only timely but essential. With Australia’s population expected to climb steadily through the next decade, large scale, well designed residential projects will play a pivotal role in addressing both affordability and liveability.