Sunshine Coast’s New CBD Set to Benefit from Major Investment

  • By Peter Gordon
  • •
  • 05 Aug, 2019

Business confidence on Queensland’s Sunshine Coast continues to increase with almost 90 per cent of commercial operators expected to maintain or increase staffing levels this year.

With a number of major infrastructure projects either planned or under way, the region’s gross regional product is expected to soar from $16 billion to $33 billion by 2033, triggering a boost to employment and household incomes.

The new Maroochydore City Centre which is currently under construction, is in the box seat to capitalise on the region’s strengthening commercial sector.

SunCentral Maroochydore chief executive John Knaggs, who is overseeing the design and delivery of the CBD, said the new city centre was in the heart of the Sunshine Coast — one of the largest regional economies in Australia.

The 53-hectare greenfield site in the centre of Maroochydore is one of the largest urban regeneration projects in the country with a former golf course being transformed into a CBD for the future.

Knaggs said $10 million had already been invested in underground telecommunications and data infrastructure that will ensure the new CBD is one of the most digitally advanced cities in the country.

“It will be a high-tech, cleaner, greener, dynamic city centre which is appealing to emerging and growing businesses,” Knaggs said.

“Apart from strong business confidence, the region’s population is expected to continue to grow faster than the national average with more than 500,000 residents predicted to call the Sunshine Coast home by 2040.

“With its contemporary urban design as well as it residential, commercial and lifestyle facilities, Maroochydore CBD will cater not only to people of today, but also to future generations.”

Recent research has shown that the new Maroochydore CBD is perfectly positioned to take advantage of the region’s business growth.

The Sunshine Coast was one of the most economically and geographically significant regions in the country and that population growth over the next two decades would be highly supportive of a CBD.

Expansion of the Sunshine Coast International Airport and a parallel taxiway, which was expected to be completed by the end of 2020, would also be a boost for the local economy and businesses.

The new international broadband submarine cable, which will land at the doorstep to the new CBD in 2020, would provide the fastest data connection to Asia from the east coast and would drive jobs and investment growth, particularly amongst big data and technology firms.

Knaggs said the next generation would experience rapid economic and technological change and the new CBD would be in prime position to take advantage of that.

He said continued growth in the medical, technology, education and training sectors would have a significant impact on the way the region evolved.

This is all great news for investors. The Sunshine Coast is again back on our radar and is ticking all the boxes for property investment.  

Contact the team at Investo for info on house & land packages and apartment opportunities in this growing region.

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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