11 game changer projects happening on the Sunshine Coast that investors needs to know about!

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The Sunshine Coast is experiencing a serious growth spurt RIGHT NOW thanks to a number of important infrastructure upgrades, large scale property developments, private and public projects. If you were wondering whether it is a good time to invest, we can give you at least 10 good reasons to invest right now:

1. Infrastructure upgrades

A number of major upgrades to roads and infrastructure are making the Sunshine Coast a much more attractive spot for investors. The North Coast rail line duplication from Beerburrum to Nambour and a major Bruce Highway upgrade will make the Sunshine Coast a lot more accessible from Brisbane. The $1.1 billion upgrade of the Bruce Highways from four to six lanes will enable the speed limit to be increased to 110km/hr, a critical step in improving the gateway to the Sunshine Coast.

2. Sunshine Coast Airport

Australia’s fastest growing airport has recently also been named Australia’s newest international airport and is on track to expand with a $347 million upgrade. The development of a new runway, two end taxiway loops and navigation aids, expansion of the apron at the existing terminal, a new Air Traffic Control tower and access road and utilities will provide a broad range of benefits including, diversification in employment opportunities, enhancement in connections between Sunshine Coast business and the global economy, contribution of $4.1 billion to Gross Regional Product between 2020 and 2040, generation of 1538 direct and 693 indirect full time jobs by 2040.

3. Maroochydore City Centre 

The planned city centre in the heart of the Sunshine Coast is the only greenfield city centre in Australia within an existing urban area. Showcasing excellence in urban design, innovation and technology, the 53-hectare former golf course will include commercial, retail, residential and cultural precincts with 40 per cent of the site to be parks and waterways. The project will create an estimated 30,000 new jobs by 2040 and provide a $5.9 billion boost for the economy.

4. Sunshine Plaza Redevelopment

Located near the planned Maroochydore City Centre is also a $400 million project to stimulate the local economy by boosting ongoing employment and opening further opportunities to retailers.

6. Sunshine Coast University Hospital

As outlined in a previous blog of ours

[link to], the soon-to-be medical hub in an integrated network of accessible healthcare facilities that will transform the health industry on the Sunshine Coast and create thousands of local jobs.

7. Sunshine Coast Solar Farm

Construction of Queensland’s first large-scale solar farm that will save the council approximately $22 million in electricity costs over 30 years is well underway and is well in line with the Sunshine Coast’s goal to be known as a sustainable community.

8. Palmview

The Avid Group will be delivering Palmview’s largest master planned community, Harmony – the 378 ha site will cater for 5000 homes and 12,000 residents, with construction expected to exceed $4 billion.

9. Oceanside Kawana

One of the largest infrastructure projects ever undertaken on the Sunshine Coast, creating 12,000 ongoing jobs and contributing $828 million annually to the local and state economy, Oceanside in Kawana is being developed by Stockland and will swallow up the last of the vacant land along the now very developed stretch of road from Caloundra to Mooloolaba known as the Nicklin Way.

10. Aura 

Also a Stockland development, Aura is a $5 billion project which is likely to bring over 20,000 jobs and house up to 50,000 people in the next three decades.

11. $400 Million Water Park

Leveraging off the climate and lifestyle, a wave park and extreme water sports facility is planned for Steve Irwin Way in Glenview which will feature a sports training and development centre, a 4-star hotel, exhibition and conference centre, cafes, restaurants and retail outlets.

So what does this all mean for property investors?

Significant new construction, approvals and infrastructure in the region will see the population growth continue. The Sunshine Coast has experienced one of the lowest rental vacancy rates of all Australian urban centres for the past couple of years. As infrastructure projects continue, the market will continue to be strong from both a growth perspective and with strong demand for rentals as people flock to the region for jobs and lifestyle.

By |2018-10-15T23:32:34+00:0013th December 2016|Categories: Hot Properties, Industry News|Comments Off on 11 game changer projects happening on the Sunshine Coast that investors needs to know about!