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Infrastructure link to Coast’s future growth

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sunshine coast property investment

THE Sunshine Coast can expect strong growth in the property market yet needs to decide what infrastructure is important to the region.

That is the message from National Property Research director Matthew Gross who told a UDIA Sunshine Coast meeting the future was in the region’s hands.

Mr Gross gave a positive outlook for Coast property which, he said, was far better positioned than 12-18 months ago.

House sales are up, land sales and medium density sales are down but prices are on the improve.

The apartment market is expected to see traction in 2016.

“Unemployment is improving, the economy picking up,” Mr Gross said.sunshine coast property investment

“Yet it’s a multi-speed economy with a difference appearing between the Sunshine Coast (local government area) and Noosa.

“Regions are crying out for infrastructure yet no-one knows what they want. If you do, you will more likely get a better hearing from this government than the previous one.”

Mr Gross said the Queensland property market had good momentum at the end of 2014 but soft growth in the first part of 2015.

That could be attributed to fatigue brought on by the leadership changes in government since the GFC.

Drivers of the Sunshine Coast economy are construction and tourism, which was benefiting from the lower Australian dollar.

When the Sunshine Coast Public University Hospital at Birtinya gets going in 2016 it will drive employment 24-hours-a-day, Mr Gross said.

While the Sunshine Coast has less than 2% rental vacancies, the region needs to look at its supply of land.

Mr Gross said Queensland also needed to do more to attract interstate migration back to 2001-2003 levels, when 2000 people moved here every week.

“We are well short of that at the moment. Sydney and Melbourne have stolen the market share, it’s hard to understand given their lifestyles.

“Brisbane is a net migration loser yet the Sunshine Coast in the past two years has been one of strongest performers.”

Road infrastructure needed to improve, and a more regular rail service into Caloundra and Maroochydore was needed, Mr Gross said.

Other improved drivers for the region were the Maroochydore CBD and the Sunshine Coast Airport.

The region is still lacking a venue to host a 400-plus conference.

“The NRL last year was talking about another club coming into Queensland.

“Why not the Sunshine Coast? With 300,000-plus people, why wouldn’t you?”

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Infrastructure

Budget delivers more record road spending for the Sunshine Coast and Moreton Bay areas

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Budget delivers more record road spending for the Sunshine Coast and Moreton Bay areas

The Palaszczuk Government will deliver $509.7 million in 2018-19 for the North Coast district as part of another record investment in road and transport infrastructure for the third year in a row.

Transport and Main Roads Minister Mark Bailey said the district was one of the many beneficiaries of the blockbuster roads budget being delivered under the Queensland Transport and Roads Investment Program (QTRIP).

“Funding for the Sunshine Coast and Moreton Bay area is part of the Queensland Government’s record spend on road and transport infrastructure across the state for the third year running, with an investment of about $21.7 billion over the next four years,” Mr Bailey said.

“This will include $2.917 billion of works planned just for this area alone, over the next four years, supporting an average of 2689 direct jobs.

“Continuing works on the Bruce Highway and other key links around the Sunshine Coast and Moreton Bay are the main focus.

“We’re also looking to get cars off the Bruce, and Sunshine Coast commuters will benefit from $160.8 million Queensland Government funding for the Beerburrum to Nambour rail upgrade, which will support an average of 312 jobs per year over the life of the project, with design work getting underway in 18-19.

Mr Bailey said major projects for the North Coast district in 2018-19 included:

–     Bruce Highway Upgrade Project, continue widening of the highway from four to six lanes between Caloundra Road to Sunshine Motorway and upgrading the interchanges for a total cost of  $812.9 million (2018-19 $200 million)

–     Bruce Highway, continue installing safety barriers along the highway between Beerburrum and Cooroy for a total cost of $79.8 million (2018-19 $42.5 million)

–     Burpengary Caboolture Road (locally known as Morayfield Road) and Beerburrum Road Route Safety project, start work on safety treatments along these sections between the Bruce Highway and D’Aguilar Highway overpass for a total cost of $28.8 million (2018-19 $8 million)

–     Continue upgrades to improve access to the Sunshine Coast University Hospital for a total cost of $22 million (2018-19 $4.8 million) with works starting on a third package to improve capacity at Nicklin Way between Main Drive and Waterview Street and provide access from Production Avenue to Kawana Way

–     Caboolture Connection Road Route Safety Strategy, continue safety improvements along various locations on Caboolture Connection Road between the Bruce Highway and D’Aguilar Highway for a total cost of $7.6 million (2018-19 $3.7 million)

“We are also providing $3.7 million in 2018-19 through the 50:50 Transport Infrastructure Development Scheme (TIDS) to support councils to develop the local transport infrastructure they need,” he said.

Mr Bailey said this budget showed the Palaszczuk Government’s ongoing commitment to delivering key infrastructure and creating jobs for the people of Queensland.

“The Palaszczuk Government’s investment in roads, rail, marine, passenger transport and active transport infrastructure is estimated to support about 19,200 direct jobs, on average, over the life of the four-year program,” he said.

Source: mysunshinecoast.com.au

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Infrastructure

Council commits to new Coast convention centre

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Council commits to new Coast convention centre

MONEY from the sale of Sunshine Coast Council land will be reserved to help bring a convention and exhibition centre to the new Maroochydore CBD.

A new facility is expected to cost about $200 million and the council commitment is intended to encourage state and federal contributions.

The commitment was made in a confidential session of the most recent council meeting after a motion moved by Cr Jason O’Pray was successful with seven votes for and three against.

Mayor Mark Jamieson, Cr Tim Dwyer and Cr Peter Cox opposed the motion.

Cr O’Pray could not release details of the yet-to-be-sold property or how much money would be raised but said he thought making the financial commitment, on top of providing the land, was a positive step in achieving a suitable facility.

He said he took advice from council officers in making the plan.

“I had tossed and turned about this for quite some time when I knew we were selling land in Maroochydore,” Cr O’Pray said.

“My main reasoning for quarantining this money was because I’m absolutely certain we will need state and federal backing on this.

“It is really important to me to see the CBD has its own convention centre.”

He said securing a private backer would be “even better” than relying on government funding for the project.

“Council can clearly not afford that (cost) on its own.”

Cr Jamieson was contacted for comment but declined to publicly detail his reasons for opposing the motion, with a council spokesman saying the mayor did not disclose matters discussed in confidential session.

The spokesman said the council would contribute to a convention and exhibition facility by providing the land on which it was developed and in all likelihood, having to cover the ongoing annual maintenance and other costs.

“The ratepayers of many other regions across Queensland have not been required to contribute towards the cost of developing their convention and exhibition centres,” the spokesman said.

“The cost to construct such facilities in many of these locations has been borne by the State Government.”

He said a new functional brief and specifications for a new convention and exhibition centre had been completed.

Consulting firm PG International was engaged by the council in March last year to complete the work.

“The functional brief and specifications will inform the development of a business case and preliminary design, which will be done if and when, funding becomes available.”

A Department of State Development, Manufacturing, Infrastructure and Planning spokesman said the department didn’t currently have any funding allocated for a convention and exhibition centre on the Coast.

However, he said the minister for the department and the former director-general wrote to all local governments on March 12 inviting submissions for the Maturing the Infrastructure Pipeline Program.

He said the grant program was available to all local governments through a competitive process to undertake strategic planning for infrastructure and develop business cases and detailed design.

Submissions close on April 9.

“Sunshine Coast Council could make a submission for potential assistance in developing its business case for this project,” the spokesman said.

Source: www.sunshinecoastdaily.com.au

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Infrastructure

Fast rail a boon for future generations

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Fast rail a boon for future generations

Sunshine Coast Business Council chairwoman Sandy Zubrinich said the North Coast Connect project, which looks to draw on rail duplication and the CAMCOS corridor, would cater to the bulk of current and future Coast populations.

She said about 65 per cent of the current population of about 170,000 people lived within proximity of the CAMCOS corridor and 85 per cent of the future Coast popualtion growth is to the region’s south, in proximity to the rail corridor.

“Locals will benefit significantly from the increased connectivity,” she said.

The North Coast Connect project has received Federal Government backing by way of a share in $20 million for a business case to be developed.

It was one of just three projects nationally to secure the funding and the Palaszczuk Government has also committed $5 million towards the business case.

Supported by Brisbane, Moreton Bay, Sunshine Coast and Noosa councils, the project is seen by Ms Zubrinich as one perfect for bi-partisan collaboration.

“It is certainly a project that the three tiers of government and the community can get behind and support,” she said.

The business case will be delivered by a consortium of KPMG, Urbis, Stockland and Smec and is expected to take 12-18 months to put together.

The vision is to slash travel times from the Coast to Brisbane down to 45 minutes.

Originally Published: www.sunshinecoastdaily.com.au

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