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THIS IS WHAT YOU’VE BEEN WAITING FOR…
After a hiatus of many years, the first new residential apartment building in Maroochydore is on its way and the timing couldn’t be better as Australia’s 9th largest city, the Sunshine Coast, enters what has the potential to be its largest and longest boom ever.
Consisting of just 45 apartments, this eight level beach side residential development offers spectacular ocean and hinterland views from most apartment levels.
With stunning landscaping, beautiful resort-style facilities and first class architecture, apartments consist of 1 bedroom, 2 bedroom, 2 bedroom dual key or 2 bedroom with multi-purpose room (*3 bedroom) apartments, and sensational penthouse apartments, residents are in the ideal position to soak up the Sunshine Coast lifestyle.
Cotton Tree has stood the test of time amongst locals and holidaymakers, drawn to the location for its relaxed lifestyle and blue chip investment offering.
A world of activities sit right on your doorstep. Boutique shopping, cafés, restaurants and all other essentials are only a short walk away.
Whether you are looking for your own beachside lifestyle or an investment, Verve offers the ideal blend of liveability, affordability and return potential.
Exploring a little further afield, Verve is within close proximity to the natural beauty of the Sunshine Coast Hinterland. With the Sunshine Coast Airport 15 minutes away and Brisbane City and the International Airport a mere 60 minutes away, the world is on your doorstep.
Walk to Alexandra Headland Beach, Mooloolaba or Maroochy River or take a 20 minute drive and spend the day on Noosa’s iconic Hastings Street.
Your location will allow you to check out the local tourist attractions and endless entertainment the Sunshine Coast has to offer.
WHY THE SUNSHINE COAST?
The $2 Billion Sunshine Coast University Hospital (SCUH) has been a long awaited catalyst to kick start what will be the Sunshine Coast’s own infrastructure boom. It seems almost daily now there are new announcements of additional medical and education services being based around the hospital site with the directly related infrastructure spend over the next 15 years expected to reach $5.3 Billion dollars. Starting in September 2012 the impacts are now being felt with around $1.5 Million per day to be spent in the area. The Sunshine Coast economy is expanding and from here it gets very exciting indeed.
It is important to understand the impact on the economy and housing, this massive infrastructure spend will have on the Sunshine Coast.
The SCHU will create a peak workforce of 2,500 construction workers but 4,500 operational jobs (3,500 in the public hospital and 1,000 in the private). If you look at the entire infrastructure spend in the area these numbers increase to 50,000 direct and indirect jobs created in the development phase and over 20,000 long term jobs in the operation phase over the next 15 years. An estimated 15,000 people will visit the hospital every day and the effect of this on the transport and infrastructure will be immense. Combined with the recurrent operational expenditure (at circa $828million per annum) the project is expected to cause an expansion of the local economy by 20-25%. It is difficult to find another region in the country where this is occurring, particularly as a percentage of the population, and especially in a highly populated coastal centre.
Yet this is not the only development occuring on the Sunshine Coast. A new CBD is being formed around the Maroochydore retail precinct, as it, and what was the Horton Park Golf Course, go under development. Over $4 billion of new infrastructure creating thousands of construction and long term jobs.
When you combine this with the largest housing development in the country with its associated shopping centres and infrastructure and the 20,000 jobs that it will create, it’s hard to see why the longevity of the potential for strong capital growth over the next 5 to 15 years on the Sunshine Coast is so underestimated. Keep in mind this is an area with around 340,000 residents (and one of the highest growth rates in the country).
The population and economy of the Sunshine Coast (Australia’s 9th largest city) is expanding rapidly as evidenced by the lowest vacancy rates in the State and the highest rate of job creation per capita (26,100 in 2013). It is at the beginning of the most significant and protracted upswing phase of its economic cycle. The history of this once sleepy seaside town is no reflection of the major transformation currently taking place in this nationally significant urban centre. There has never been a better time. Don’t miss out!