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Coast lot sizes shrink by 30% but developer bucks the trend

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According to the Queensland Treasury, in 2007 the median standard lot size registered with the Sunshine Coast Council was 679m² but times have certainly changed with the average new lot now sitting at a compact 478m², making it increasingly hard for buyers to find a spacious lot to accommodate their dream home.

HMR Director Harry Reed believes that as the Sunshine Coast population continues to grow the lack of available land has forced developers to significantly downsize their lots to both increase the volume and to respond to the ongoing pressure to provide affordable housing options.

“It’s a fine art to balance the demand for affordable housing while still offering people enough space to build their dream home with a garden to enjoy the outdoor lifestyle that is characteristic of the Sunshine Coast,” said Mr Reed who has a 30-year history as a developer on the Sunshine Coast.

“The reality is that we’re running out of space so the temptation for developers to maximise every square metre of land is great, but we’ve realised that’s not necessarily what everyone is after.  We know that many who choose to live on the Coast do so to enjoy the space you don’t find in the cities so we decided to buck the trend with Cottman Place with our smallest lot coming in at a generous 700m².”

“It’s been a long time since buyers have had the opportunity to buy parcels of land so close to Buderim village and Cottman Place gives them the chance to buy lots of up to 2,350m² in an established premier residential enclave.  It’s certainly generating excitement in the marketplace and we’re delighted with the response to date.”

While the project might appeal to a smaller target market with lots starting at $499,500, the decision appears to be paying off for HMR Projects with seven of the 15 blocks already having sold since the development went to market mid-last year.

Buderim real estate agent Tanya Mungomery from McGrath Estate Agents said the development had gained a high level of interest largely due to limited options being available to those buyers looking to build a spacious family home or retirement pad.

“The size of many lots available across the Coast limits the type of home you can build to off-the-plan, compact designs and that’s not what everyone is after,” said Ms Mungomery.

“I believe it’s the combination of Cottman Place being in an established residential area — walking distance from Buderim village — as well as the decent sized lots and the scenery Buderim is famous for that’s getting the phone ringing.”

“While much of the focus recently has been on affordable land releases to help those entering the property market, developments such as Cottman Place appeal to a very different buyer that is not willing to compromise on size to gain access to amenities such as retail, some of the Coast’s best schools, the university, beaches and easy access to Brisbane via the Bruce Highway.”

 

Original Publish: http://mysunshinecoast.com.au/

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Developments

Sunshine Coast Airport Expansion Program Kicks Off

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Sunshine Coast Airport Expansion Program Kicks Off

Sunshine Coast Mayor, Mark Jamieson

The first sod has today been turned on the construction of the new runway as part of the Sunshine Coast Airport Expansion Project, the Sunshine Coast Council informs. 

Sunshine Coast Mayor, Mark Jamieson, was joined by Federal Member for Fairfax, Ted O’Brien MPState Member for Maroochydore, Fiona Simpson MP, and representatives of the John Holland Group and Sunshine Coast Airport Pty Ltd to mark the commencement of the construction program.
With work started, the new runway will be completed by Christmas 2020, the council said.

Sunshine Coast Airport Expansion Program Kicks Off
Sunshine Coast Mayor Mark Jamieson (left), Federal Member for Fairfax Ted O’Brien (center) and John Holland Project Manager Berry Freshney

Mayor Jamieson said that the $303 million airport expansion was the Sunshine Coast Council’s single largest construction project and would deliver a wealth of benefits to the region.

“Having this greater capability will unlock more tourism opportunities, new international trade prospects and will provide the springboard our export businesses need to get their products and services to markets faster and more efficiently,” Mayor Jamieson said.

“The new longer, wider runway will enable direct access to new markets in Asia, the Pacific and other locations in Australia which cannot currently be serviced with direct flights to and from the Sunshine Coast. 

“The Airport Expansion Project is also forecast to contribute $4.1 billion to the Sunshine Coast economy through to 2040 and revolutionize access to and from one of Australia’s fastest growing regions.”

From mid-year, a vessel from contractors Dredging International will dredge one million cubic meters of sand from the Spitfire Realignment Channel in Moreton Bay.

After making its way north, the sand will then be pumped from the vessel moored off Marcoola, onto the project site via a pipeline that will run underneath David Low Way.

Ahead of the start of dredging, the project team’s focus has been on protecting the land and sea environment, and ensuring community safety during the dredging works.

According to the council’s announcement, the project team will be speaking directly with local residents and stakeholders in the coming weeks to keep them informed of the timeline.

The Sunshine Coast Airport Expansion Project is being supported by loans from the Australian Government and the Queensland Treasury Corporation, which will be repaid from the proceeds that Council receives from its commercial partner, Palisade Investment Partners, in 2022.

Sunshine Coast Airport Expansion Program Kicks Off
Image source: sunshinecoast.qld.gov.au

Source: www.dredgingtoday.com

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Developments

$100 million Coast resort wins council support

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$100 million Coast resort wins council support

A DEVELOPER’S uphill battle to build a $100 million escarpment resort has plateaued with a major change in Sunshine Coast Council’s view on the proposal.

Council officers have recommended Heidi Meyer and her husband Kim Carroll’s application to build Badderam Eco Luxe Resort and Spa on their Buderim property be approved ahead of a councillors’ vote scheduled for next Thursday.

It comes after the council’s officers last year recommended the proposal be refused.

$100 million Coast resort wins council support
Badderam Eco Luxe Resort and Spa investment director Kim Carroll and creative director Heidi Meyer and are excited ahead of a council decision on their development application.Craig Warhurst

Mrs Meyer said she and her husband had spent about $8.5 million of their retirement fund on progressing their dream, having bought the Box St site in 2014.

“There is a lot of risk in that and there is a lot of personal passion in that for us,” Mrs Meyer said.

Their proposal , lodged three-and-a-half years ago, conflicted with the council’s planning laws, with the development clashing with the property’s rural zoning.

Concerns had previously been raised by the council on issues including landslip risks, vegetation clearing and building heights.

Proposal changes since then have included reducing the number of suites from 125 to 111.

The council officers’ recommendation for approval comes with conditions including the resort must have a five-star or higher luxury rating and a achieve a six-star Green Star rating from the Green Council of Australia.

$100 million Coast resort wins council support
PLANS: The proposed $100 million Badderam project.Contributed

The 158 conditions also included a lengthy list of geotechnical and landscaping requirements.

“We were 100 per cent certain of the geotech(nical aspects) before we set out and that has been proven now with two council reviews,” Mrs Meyer said.

She said being a 42-year-old female developer had been very challenging in a male-dominated Coast industry.

“There has not been a lot of support for the fact that I am a female leading this project and I have felt really prejudiced but I have also felt really excited to be able to be successful at this and actually share with other females who would like to be in development.

“I feel excited to set an example of how development can be done in our region when there are more females at the helm.”

Mrs Meyer said she was excited about next week’s vote.

She said the tourism dollars brought in by the development would benefit Buderim and the wider area.

“What Buderim gets is a huge asset and so does the region.”

She said the resort would target a high-end, international market of people like business executives.

“We are trying to create an exclusive nest which is inclusive of the community.”

She said the spa would be publicly available with off-peak rates and there would be opportunities for functions and events.

“We don’t want to pull business from the cafes in the village. We want to give business to the village.”

She said she would be sad if the proposal was voted down.

“Not for ourselves at all because we will keep living.

“We can sell our land holdings here, achieve good value for them and move on.

“We will still be okay but the Buderim community, will they be okay?”

Mrs Meyer said she loved Buderim and would possibly stay in the area.

She said her team would get work started on the expected four-year build as soon as possible if the proposal was approved.

Cr Ted Hungerford said he had three meetings planned with residents this weekend to discuss the proposal.

He said his vote would take into account the feedback he received.

“I will be conferring with them and getting their opinions,” Cr Hungerford said.

Source: www.sunshinecoastdaily.com.au

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Developments

FOR SALE: 86 new Coast waterfront apartments up for grabs

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FOR SALE: 86 new Coast waterfront apartments up for grabs

With record sales achieved at North Shore, Salt, Waterline and Aquarius at Oceanside Kawana, highlighting the strength of the Sunshine Coast market and increasing attention from national and international investors, RGD Group is set to launch Southbank.

Two hundred and forty waterfront apartments adjacent to the new Sunshine Coast University Hospital, across four sites, have been sold by the RGD Group over the past 24 months.

Artist's impression of the new Southbank development at Birtinya.
Artist’s impression of the new Southbank development at Birtinya.Contributed

Their projects, with a combined value of $120 million, sold out prior to completion.

RGD Group managing director Ron Grabbe recognised the positive impact of the $2 billion 450-bed Sunshine University Hospital and the 200-bed Sunshine Coast University Private Hospital.

“On launching North Shore Oceanside Kawana in September 2015, we had great demand from astute investors and owner occupiers from around Australia and overseas who saw the growth potential and convenience of owning waterfront property adjacent to these world-class medical facilities,” Mr Grabbe said.

“Much-needed accommodation for thousands of hospital staff and visiting families is now a reality and our apartments are proving to be one of the healthiest investments available in Australia right now.”

Artist's impression of the new Southbank development at Birtinya.
Artist’s impression of the new Southbank development at Birtinya.Contributed

Southbank at Oceanside, adjacent to the Sunshine Coast University Hospitals, new town centre and Southbank Park, features one, two and three-bedroom apartments and sky homes.

The development represents RGD Group’s largest project in the Oceanside Health Hub to date and will be launched on March 6.

Mr Grabbe said all Southbank apartments faced the water and delivered a tranquil and relaxing home for those working in or visiting the hospitals, and owner occupiers who find comfort in living close to the world-class medical facilities.

“Southbank at Oceanside on the corner of Lake Kawana Boulevard and Mantra Esplanade, Birtinya will provide the opportunity for medical professionals and savvy investors who may have missed out on our previous projects to secure a waterfront apartment to cater for the thousands of hospital shift workers needing accommodation close to their work,” Mr Grabbe said.

Sales and marketing manager Gail Hunter said vacancy rates on the Sunshine Coast were tightening and the region was experiencing one of the fastest population growth rates in Australia.

“With significant infrastructure projects just completed or under way, Southbank at Oceanside is ideally positioned to realise great returns and lifestyle benefits for both investors and owner occupiers.

Artist's impression of the new Southbank development at Birtinya.
Artist’s impression of the new Southbank development at Birtinya.Contributed

“A large percentage of the tenants in our projects work in the hospitals.”

RGD Group design, sell, build and manage their projects, enabling investors and owner occupiers to purchase directly from the developer.

Originally Published: www.sunshinecoastdaily.com.au

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