Court Approves $900m Sunshine Coast Masterplan

  • By Peter Gordon
  • •
  • 01 Jun, 2020

This is great news for our Sunshine Coast investors.  My research has always indicated that within a few short years, the Sunshine Coast will see significant growth, placing it as number one from an economic and lifestyle perspective nationally as well as attracting strong levels of global investment.  There is currently billions of dollars being spent in investment and job creating infrastructure on the Sunshine Coast including the new Maroochydore CBD, a new international airport runway, major road and proposed rail upgrades and several significant residential masterplanned developments.  All this as well as an enviable lifestyle with stunning beaches and hinterland and easy access to Brisbane as well as national and international markets via the new airport runway which will be completed this year. 

The Planning and Environment court has dismissed an appeal against the construction of a $900 million beachfront masterplan and 5 star hotel development on the Sunshine Coast, following a two year legal battle.

The decision paves the way for a 220-room luxury hotel and 740 dwellings at Yaroomba Beach, planned by Sekisui House, now that the planning and environment court has upheld the masterplan’s approval.

Handing down a 125-page document, Judge Nicole Kefford ruled that the proposed development was in the public interest, and that the application should be approved, subject to conditions.

Development Watch president Lynette Saxton, who opposed the development with the Sunshine Coast Environment Council said the decision would result in “an intense residential development”, with the hotel contained in a number of buildings of up to seven storeys in height.

The development watch group said more than 9000 local residents would be affected, and questioned why the hotel had to take the form of seven storeys, “with eight hectares of land available and a low-rise eco-resort could have sufficed”.

Saxton said the committee is currently reading the judgment and would consider any appeal options.

The Yaroomba Beach masterplan sets a maximum height of four storeys towards the centre of the property, stepping down to three storeys at the western edge of the site, and two storeys at the southern edge.

The first stage of development will comprise the luxury hotel, to be operated as The Westin Coolum Resort and Spa, serviced apartments and public elements of the project, including shops, cafes, surf lifesaving facilities, a coastal centre and parklands.

Yaroomba Beach project director Evan Aldridge said the sales and construction program would be developed once the conditions of approval were finalised by the court.

“This is a great milestone and despite the change in the economic environment we are committed to try to get the project started as soon as possible,” he said.

Aldridge said the project will drive new tourism to the coast including conferences and events, not currently catered for.

“This will be a tremendous boost for the Sunshine Coast economy.”

The Sunshine Coast Council had initially rejected the developer’s Yaroomba Beach plans in 2015.

Following the proposal's revision, reducing the hotel's height from 10 to seven storeys, Sunshine Coast Council approved the Yaroomba Beach proposal in June 2018.

Article courtesy The Urban Developer 27/5/20

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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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