AFTER years of lying dormant, the housing development on Club Road is nearing the start of work when and if councillors give the thumbs up in the coming months.

Toowoomba-based company Richard Adams Homes became the third development group to own the 15,000 square metre block of land when they purchased it more than two years ago.

Project administration officer Mark McErvale said work would begin on the 14 allotments once the application was approved by council.

"We had some issues with contractors that have delayed it - hopefully we can start developing blocks soon,"; he said.

"Hopefully it should give more certainty to the housing market in the area.

Mr McErval said there had been some speed bumps along the way, which included issues with a section of road within the development.

"The previous developer built the road in the development, we deemed it not satisfactory and decided to rebuild it on our own accord,"; he said.

"Richard Adams Homes is just as committed to the community as anyone else.";

Southern Downs Regional Councillor Neil Meiklejohn said a slowing construction economy has stopped a lot of developments from going ahead, not just in the Southern Downs.

"The whole development industry has slowed due to lending issues from the banks,"; Cr Meiklejohn said.

"Lending has tightened to home buyers and it's very difficult to save money. It's hard for the industry.

Logan Steele real estate agent, Andrew Green, said the development should provide a boost for Stanthorpe.

"We won't need to go out of town because the services will be here, we won't have to look elsewhere,"; Mr Green said.

"Because of the area that Stanthorpe is in most of the buyers we are seeing are coming from the Brisbane area.

"These people demand services which will increase the variety of local services.

"The town is progressing already - it will be a great area to live.";

Mr Green said the current lull in the housing market won't affect the sale of the 14 properties.

"We think for the pricing we certainly can see them being a performer against other properties,"; he said.

"The town is progressing to the north and this will give home buyers a good opportunity.";