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Property Market Activity 2017

Feb 14, 2017 Ann Lindner Comments ((Disabled))

Residential-

In short the local market is booming HOWEVER only in some suburbs. In the past two weeks we have spoken with a number of selling agent with one Buderim agent reporting a Saturday of three open homes with all selling under multiple offer situations, one over the list price.

Similar story in the Kawana Waters coast strip West of Nicklin Way. Due to a severe shortage of quality listings one agent was inundated with 5 offers on the first open home at Warana after hitting the internet at 3pm the previous day. The property was an original beach brick home 3 bed, 2 bath 2 garage two streets back from the beach listed at $610,000+.

Commercial –

The $20 million Bli Bli village Centre development is expected to finish mid year, 50% of the centre has already been leased.

The demand for office space has been quantified within the Property Councils latest Office Market Report. The report shows during 2016 the vacancy rate on the Sunshine Coast fell from 9.2% to 6.9%. Not surprisingly the Sunshine Coast has the lowest vacancy rate in Qld, with Brisbane CBD 15.3% and Gold Coast at 12.2%.

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Sunshine Coast Stadium

Dec 07, 2016 Ann Lindner Comments ((Disabled))

Sunshine Coast Council will contribute $2 million towards the upgrade of the Sunshine Coast Stadium at Bokarina, with the Federal Govt pitching in $480,000 from their Get Playing Plus program.

The upgrade will bring the grounds up to standard to attract elite trial matches with NRL, Super Rugby and A-league all being targeted.
The work includes new mounds on the northern, eastern and southern ends of the grounds expanding capacity to 10,000 maximum, and a 36 square metre LED scoreboard/screen.
Work is expected to be completed Feb March 2017.

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