Hillside Gardens Residential Estate
Yumba-Meta Limited's own property development project aimed at facilitating pathways to Indigenous Home Ownership.
Hillside Gardens Residential Estate has proven a shining jewel in Yumba-Meta Limited’s property development portfolio. The estate, located on 50 acres of land in the foothills of Mt Louisa, was designed to facilitate pathways to Indigenous home ownership.
The estate’s 38 land lots were sold to 31 private buyers, with the remaining seven lots retained by Yumba-Meta Limited and added to the long-term housing program.
The last 15 lots sold during the 2020-21 financial year, with the final lot sold in February 2021. Land sales from Hillside Gardens totalled $2.2 million.
Chairman and founder of Yumba-Meta, Dr Ernest Hoolihan OAM, said the development of Hillside Gardens was a “game-changer” for the local Indigenous community.
“Aboriginal and Torres Strait Islander peoples face multiple barriers to homeownership, including inter-generational poverty resulting from dispossession, low income and insecure employment,” he said.
“The staged development of Hillside Gardens allowed us to fund the subdivision progressively—as we sold blocks to private buyers, these funds financed the construction of the rental housing and supported three young Indigenous families on their path to homeownership.
“We’ve been able to create a well-designed, village-like atmosphere in an enviable location within easy reach of amenities,” said Dr Hoolihan.
Hillside Gardens is located just six kilometres from Willows Shopping Centre, is a short 13-minute drive to Townsville University Hospital, James Cook University and Lavarack Barracks, and is close to public and private schools.
“Apart from allowing new homeowners to enter the housing market at an affordable price, tenants in the community housing and specialist disability accommodation enjoy high-quality, independent housing in a mixed community where there is no distinction between tenants and homeowners.”
Dr Hoolihan said the project addressed the inequities of Townsville’s vulnerable communities.
“This development is a vision for what an equitable and reconciled Australia looks like,” he said.
Hillside Gardens is now a vibrant estate of modern new homes, with the final homes currently under construction.