A new masterplan for the area surrounding one of Queensland’s most loved theme parks has just been approved by the state.
The Queensland government has fast-tracked approval of the Dreamworld masterplan, declaring it a major project that will “transform the northern Gold Coast over the coming decade”.
The masterplan splits the site into four precincts, with one focusing on high density housing. Picture: Getty
Covering 55.3 hectares adjacent to Dreamworld and WhiteWater World, the plan splits the site into four precincts that will deliver housing alongside retail opportunities, commercial spaces, residential care facilities, retirement living, holiday accommodation and further tourism development.
The housing elements are mostly set to be high density residential, located just moments from the popular theme parks – many to potentially come with a view of the tallest thrill-ride in the Southern Hemisphere, Dreamworld’s beloved “Giant Drop”.
Low-impact eco-tourism experiences will be accommodated on the land, including viewing platforms, boardwalks and guided tours. Resort complexes, hospitality and entertainment venues are also an important part of the mixed-use precinct.
The announcement of the masterplan’s approval follows the state’s October 2025 call-in notice for the application lodged by Coast Entertainment Operations Limited.
The notice gave deputy premier Jarrod Bleijie the final say on approval, allowing the state to assess the proposal’s impact on housing supply, tourism and economic development, environmental protections and infrastructure provision.
According to the state, the approval includes conditions to enable staged delivery of the project, ensure additional approvals are obtained where required, and maintain compliance with the Dreamworld Development Code, which according to Coast Entertainment Operations Limited, aligns with the expectation for higher density housing close to principal centres and major public transport hubs.
It also includes conditions relating to traffic, with the local road network to be incrementally upgraded as development occurs across the site.
Mr Bleijie said the approval is “about more than one project”.
“Queensland is open for business again, and we’re backing projects that create jobs, attract investment, increase housing supply and strengthen our tourism industry,” he said.
“A stronger economy means a better lifestyle for Queenslanders, and that’s exactly what we’re delivering by backing projects that support jobs, tourism and housing ahead of the 2032 Games.”
Dreamworld CEO Greg Yong described the precinct as “one of the most compelling mixed-use development opportunities in the country”.
“With a shortage of quality hotel accommodation between the northern Gold Coast and Brisbane, and momentum building towards the 2032 Games, we're well placed to help close that gap, while also delivering new amenity, jobs, and much-needed housing close to heavy rail,” Mr Yong said.
“We welcome the Queensland Government's support for private investment that helps drive sustainable growth.”
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