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New Maroochydore CBD Update

Aug 28, 2018 Ann Lindner Comments ((Disabled))

The Sunshine Coast Council has projected revenue of $310million to flow to the Maroochydore new city centre by 2028.Borrowings are estimated at $124.534 million to fund the completion of the project.

A further $120m has already been spent including commercial and residential property along with land to accommodate roads.

The new centre is expected to deliver benefits including 30,000 jobs, new public facilities and improved traffic and pedestrian flows through Maroochydore.

More than 90% of the first stage lots were in commercial or contract negotiation, worth $91m. There are five more precincts yet to be released and they will be released progressively over the 20 year life of the project.

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Property Hot Spots - 10 top performers over the past 12 months

Aug 28, 2018 Ann Lindner Comments ((Disabled))

Suburb Median Price Capital Growth past 12 mths
Minyama $1.31m 45.8%
Kenilworth $399,000 40.0%
Yandina Creek $820,000 32.3%
Beerwah (unit) $375,000 25.0%
Mount Coolum $676,200 23.2%
Mapleton $543,250 21.3%
Mudjimba $739,500 20.7%
Peregian Springs (unit) $475,200 18.8%
Battery Hill $579,500 18.4%
Montville $707,500 17.9%
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Where would we invest our money?

Aug 13, 2018 Ann Lindner Comments ((Disabled))

On the Sunshine Coast at present we have a number of ‘mini markets’ where suburbs or even a few blocks are experiencing increased capital growth.

Birtinya was recently in the spotlight, what was once swampland is now the Jewel in the Crown.The two new hospitals recently completed in the area and associated health hub surrounding them has created boom in building, employment and capital growth.

Local agents report units have increased in value a whopping 24% in the last three months.

Median House Price $662,500, Unit $595,000 as at April 2018.

High end properties are now being sort out for doctors and specialists drawn to the lifestyle and cutting edge medical facilities.

Stockland is now midway through leasing the Birtinya Shopping Centre, featuring Coles, two mini- majors and 30 specialty shops.This is stage one of the overall 18ha Master Plan.

Nearby in the Bokarina Beach development 125 residential lots have sold and major earthworks completed on the 30ha site.A $19 million upgrade of Nicklin Way and Lake Kawana Boulevard will link the areas via two bridges and a dedicated pedestrian and cyclist path underneath.

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Queensland Capital growth will lead the country.

Aug 13, 2018 Ann Lindner Comments ((Disabled))

In a recent survey of hundreds of property professionals conducted by NAB, the industry expects house prices in Qld to increase by 0.7% in the next year, and a further rise of 1.3% in the two years.

Areas tipped for above average growth include the Sunshine Coast.

The outlook for rents is also positive and likely placing upward pressure on yields, with predictions of rental growth at 1.3% in the next 12 months and 1.9% in two years.

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