Why is the Sunshine Coast a Hot Spot right now?
Have a look at what is going on in the Sunshine Coast……….
Maroochydore is set to become the undisputed commercial centre of the Sunshine Coast with an extensive multi-billion-dollar redevelopment set to transform 200 hectares into a world-class destination.
An additional 150,000 square metre of commercial floor space by 2031 will join a new regional arts and entertainment centre, transit plaza, regional library, public amphitheatre, civic plaza and urban open space among an incredible 4000 proposed new dwelling within the principal activity centre.
The ambitious plan also presents plenty of green space surrounded by scenic waterways, cosmopolitan cafes and modern high-rise buildings. An extensive $2- billion light rail network is also planned to connect Caloundra with the new Kawana precinct and continue into the Maroochydore principal activity centre.
Sunshine Coast Airport
Sunshine Coast Airport is set to become Australia’s newest international airport with an ambitious expansion that included the provision of a new 2430 metre east to west runway. The Plan also encompasses a new passenger and baggage processing terminal, expansion of the existing public transport network, further development of the aviation business precinct and new retail facilities.
The expansion will deliver additional passenger capacity, access to new domestic and international destinations, increased freight capacity, the creation of approximately 5000 new jobs and an injection of around $1.6 billion into the local and state economy between 2015 and 2050.
Growth and Infrastructure Report:
http://www.sunshinecoastdaily.com.au/news/development-activity-200-sunshine-coast/2392769/ Sunshine Coast set to grow 200%
The Sunshine Coast is emerging as a high growth area as billions of dollars are being invested into a range of new projects that are set to establish the region as a major east-coast commercial centre for decades to come.
“The Sunshine Coast will grow by another 150,000 people in the next 20 years” Sunshine Coast Mayor Mark Jamieson recently told My Weekly Preview. ” That will push us up to a region of half a million. We have to manage that…. We have finalised the economic development strategy which gives business, industry and government a blue print for the future.”
It’s the blueprint and the billions of subsequent development that adds up to a property investment hot spot as capital growth rates and rental yields are set to skyrocket with a rapidly growing population.
Development activity up 200% on the Sunshine Coast
“Successful investors seek out regions on the cusp of significant employment and population growth,” says Chris Pullen, director of Blue Wave Property Strategies. “with a range of major commercial, residential, healthcare and infrastructure developments on the horizon, the Sunshine Coast presents a lucrative opportunity for property investors as an influx of new jobs asserts significant upward pressure on property values.”
This information was sourced from My Weekly Preview.
If you would like more information on any of the above or a Sunshine Coast Growth & Infrastructure Report contact the team at Blue Wave Property Strategies at email@example.com.