$83m Sunshine Coast Development Greenlit

  • By Peter Gordon
  • •
  • 03 Oct, 2019

The Sunshine Coast has been on our list of locations that present excellent investment opportunities for many years now. The Maroochydore City Centre Development being one of the reasons we identified the Sunshine Coast as a region with high potential. We've had may clients purchase house and land packages over the past few years and their investment properties rented out with minimum down time and are receiving excellent rental returns and capital growth.

Queensland developer Habitat has received approval for a $83 million multi-use development targeted at entrepreneurs, which will be part of the Maroochydore's new tech-centric city centre.

The proposal is for two residential towers comprising 152 units and six Small Office-Home Office (SOHO) townhouses to be built on a 4,158sq m parcel of land in the new $2.1 billion CBD.

Part of a massive 53-hectare swathe of land currently being transformed, the multi-use development will be part of a wider CBD vision with its extensive use of smart technology to create a cleaner, greener, more liveable and dynamic city centre.

Maryoochydore's 20 year plan not only involves construction plans to become a 21st century smart city but will also feature Australia’s fastest data connection to Asia from the East Coast.

The prospect of high-speed internet could be a major draw card for start-up and established technology entities, one that Habitat has identified with its project planning.

“The Sunshine Coast has been called the entrepreneurship capital of Australia because there are more than 35,000 small businesses across the region,” Habitat managing director Cleighton Clark said.

According to the Australian Bureau of Statistics, the Sunshine Coast out-performed Brisbane in the growth of new small businesses in 2018, increasing 2.5 per cent, more than double the growth in Brisbane.

“The SOHOs have clearly hit the mark for this sector, providing a perfect combination of work and home in one property,” Clark said.

“Even before we received approval for the project, we had numerous inquiries from potential buyers about the town homes.”

Each SOHO will have non-residential space downstairs, with street frontage, which can be used for an office, shop, food and drink outlet or other kinds of business use.

The 53-hectare site of the new Sunshine Coast's central business district, formerly Horton Park Golf Club, was purchased by the Sunshine Coast Council for $42 million in 2015.

SunCentral Maroochydore, established by the Sunshine Coast Regional Council, is the company overseeing the design and delivery of the new city centre.

SunCentral chief executive John Knaggs said the project showcased the type of urban design and innovation the new CBD would deliver.

“Habitat recognised early on the Maroochydore city centre will be a place that people will want to live and work,” Knaggs said.

“I expect demand from owner occupiers and investors to be strong, not just for the SOHOs but the residential apartments and the retail space at the base of the towers as well.”

Construction is expected to start on the project in February 2020, after it was signed off by the Economic Development Queensland.

Meanwhile, construction officially commenced at the new city centre site last month, with ground breaking on the precincts first commercial building, the $30 million Foundation Place by local developer Evans Long.

The new CBD will also feature a 167 room hotel by developer Pro-Invest, 100 residential apartments, and 40,500sq m of retail.

Article courtesy The Urban Developer 20/8/19

We have apartments & house and land packages currently available on the Sunshine  Coast, and we believe this is the time to take a closer look at this region and all that it has to offer.

If you'd like more info on the Sunshine Coast  contact the team now


Introducing The Palms Estate, Cairns - The Northern Beach's Premier Address

By Peter Gordon • April 26, 2023

Quiet simply, the Palms is the place to buy!

The northern beaches of Cairns is the Nation's best location for property investors right now, and The Palms is the premier development in this boom region.

It has the best location being elevated and backing onto the rainforest. It will have amazing facilities with a shopping village, a primary school, parks and green open space, a water park and an expanse of wildlife corridors.

It has taken the developers three years to get planning approval for this unique development to be able to hit the market. There are only 300 lots spread across 85 acres of the best land in The Northern Beaches.  Residents will have an abundance of open space right at their doorstep.  The Palms is also the only Certified Enviro Development project in Far North Queensland.

> Cairns Snapshot

In the rivalry between Sydney and Melbourne, the winner is ... Brisbane

By Peter Gordon • April 20, 2023

Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).

Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.

Time  magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time  magazine?). But they might be onto something.

Time  points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.

Time’s  most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).

Incredible Lifestyle At An Affordable Price  Equity of approx $390K on completion

By Peter Gordon • April 6, 2023
This small duplex development just a short drive from Hervey Bay on Queensland’s beautiful Fraser Coast, offers an incredible lifestyle at an affordable price. With unprecedented demand and very limited supply, prices look set to skyrocket.

A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.
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