There is so much happening on the Sunshine Coast right now, the region continues to go from strength to strength with a multitude of developments, both infrastructure and property, providing a boost to local employment opportunities, population growth, tourism and business confidence.
However, the 4 key projects below have been identified in a recent report from CBRE predicting that these projects will produce a significant boost to local market conditions as they evolve. Contact us for a full version of the report.
1. The Sunshine Coast University Public Hospital and Kawana Health Campus
Scheduled for completion in the final quarter of 2016.
The hospital will open with about 450 beds, growing to approx 738 beds by 2021.
Being built as part of the 20 hectare Kawana Health Campus which will incorporate the hospital’s Skills, Academic and Research Centre (SARC), the co-located Sunshine Coast University Private Hospital and opportunities for further commercial developments within the health sector.
2. The Maroochydore Principal Development Area
The Maroochydore City Centre Priority Development Area (PDA) is intended to create a new central business district for the region.
It covers approximately 62 hectares in central Maroochydore, across land owned by Sunshine Coast Regional Council (including the Horton Park Golf Club site) and land in Dalton Drive.
Around 53 hectares will be available for development over a 20-year timespan, 40% of which will be dedicated to open space and waterways.
3. Sunshine Coast Airport Expansion
Should the development go ahead, the $347 million expansion will boost both the construction and tourism sectors on the Coast.
The development is intended to include an expanded runway to increase passenger capacity.
Expansion plans have also been given a boost by the Qantas commitment to direct flights to and from Sydney. This started this week, with 6.30am departures and return flights at 6.15pm for Coast commuters and tourists six days a week.
4. Caloundra South
This master planned development, “Aura the City of Colour”, will become a vibrant community which will also deliver over 20,000 new homes to one of Australia’s most sought-after regions.
A long term 25-30 year project which will impact positively on job creation and ensure our property market stays healthy and in demand.
Stockland predicts that over the next 30 years this city will become home to more than 50,000 people and accommodate a third of the region’s retail, commercial and industrial development.
All this infrastructure and investment in our region will confidently impact on job creation and will ensure our property market stays healthy and in demand. On top of that, we have a wonderful climate and it’s a fantastic place to live, so it’s hard to foresee a time when property here won’t be in demand!