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‘Sleepy Town’ To Be The Next Property Hotspot

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Sunshine Coast

Various private improvements in Bli had encountered solid interest from a mixed bag of purchasers – to a great extent because of the town’s “reinvogration” driven by arranged foundation.

Increasing demand and major infrastructure spending are transforming one neighbourhood, with the trend set to continue.

2015 is expected to be the “biggest year ever” for the town of Bli Bli on the Sunshine Coast, which is “firmly cementing itself as a property hotspot”, according to PRD.

Sunshine Coast

Damian Brown of PRD Project Marketing Sunshine Coast said the Riverside locale has undergone a major transformation over the past few years, with strong demand for a variety of local residential communities and major infrastructure spending well underway.

“The historic community that many people know by the iconic Sunshine Coast tourist attraction is experiencing a ‘coming of age’ at the moment,” he said.

“Bli Bli’s history dates back to the turn of the 20th century, when the town was established and the first school opened in the area, but in recent years it has grown in popularity and morphed from a sleepy little town into a thriving residential community.”

Mr Brown said the region had experienced enormous growth over recent years, with the company’s “on-the-ground research” indicating the government’s current projections of a 2.5 per cent population growth rate may be too conservative.

“[Our research] of sales and new homes built and occupied showed a net increase of 450 residents – or close to seven per cent growth. We expect this sort of growth to continue well into this year as well,” he said.

In addition, Mr Brown said there is more than $522 million in infrastructure investment planned over the next decade to cater for the ongoing growth – including a major new housing project, major new retail/medical/commercial development, schools, transport and recreation infrastructure – $100 million of which will be rolled out in 2015.

Mr Brown also cited the proposed new 4,000-square-metre three-level Bli Bli Village Centre as a sign of impending change and something that will open up the town to “a number of new enterprises never seen before in Bli Bli such as a gym, a tavern, professional offices and a diverse range of medical practices”.

The rest of 2015, he said, will see Bli Bli further transform, with the sell-out of two major developments (Parklakes and Halcyon Landing), and the launch of Parklakes 2 – a 700-lot masterplanned residential community.

Mr Brown said a number of residential developments in Bli Bli had experienced strong demand from a variety of buyers – largely due to the town’s “reinvogration” driven by planned infrastructure, the already completed $15 million redevelopment of the IGA and the River Markets shopping precinct, and upgrades to the Sunshine Castle and the Cable Ski Park.

“Bli Bli is also in a convenient location – not only does it have growing infrastructure itself, but it’s also close to the Sunshine Plaza in Maroochydore, Mudjimba Beach, Nambour and the Bruce Highway,” he said.

“The nearby Sunshine Coast Airport expansion, which will deliver a second runway, new terminal complex and aviation industry precinct, is currently in the EIS assessment stage and due to commence in 2016 and the region’s new multibillion-dollar hospital and medical precinct at Kawana is also just 15 minutes away.”

He said all these factors were drawing in owner-occupiers, but investors are starting to take notice and will be “impressed with returns down the track”.

“Bli Bli is landlocked, which means supply is limited. It used to be home to the Sunshine Coast’s sugar cane industry, and while most of the industry is gone the land has been designated as green space which is not permitted for development under the urban plan.”

PRD cited SQM Research figures which place the residential vacancy rate in Bli Bli below one per cent, with rents growing 9.2 per cent in the past 12 months.

“The first lots at Parklakes sold for around $100,000 in 2003 and are now selling from $231,500, representing an increase of more than 10 per cent per year,” Mr Brown said. “The millions of dollars in infrastructure planned over the next few years in Bli Bli will only increase demand and combined with limited supply, land prices will be pushed up further.”

Mr Brown said the perfect storm was brewing in Bli Bli for investors, with not only all the infrastructure and growth occurring, but the recovery of the broader Sunshine Coast market.

“The Sunshine Coast market has had its ups and downs since the global financial crisis, but it’s now firmly in the sights of many investors, with all the fundamentals aligning,” he said.

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Developments

Palmview’s largest masterplanned community releases land and park ahead of schedule

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Palmview’s largest masterplanned community releases land and park ahead of schedule

An artist’s impression of Harmony’s grand linear park.Source:Supplied

A SUNSHINE COAST developer has fast-tracked the latest land release to meet demand from locals and interstate sea-changers.

AVID Property Group general manager Queensland Bruce Harper said their development Harmony was the largest masterplanned community in Palmview, which is about 85km north of Brisbane.

Palmview’s largest masterplanned community releases land and park ahead of schedule

Once complete, Harmony, is expected to house about 4500 new residents.Source:Supplied

He said they released the latest neighbourhood Unity, which brought 34 more blocks of land, ranging in size from 250sq m to 505sq m, to meet the demand.

“Residential property demand is surging in the region and as prices continue to rise, buyers are increasingly looking for affordable land options in desirable locations,” Mr Harper said.

“Over the past year, demand in the region has grown exponentially as more people look to build their own homes in well-known property ‘hot spots’.”

Along with the early land release, AVID Property Group opened the community space Grand Linear Park three months ahead of schedule.

Palmview’s largest masterplanned community releases land and park ahead of schedule

Bruce Harper, Cr Tim Dwyer, Laura Scherian, Cameron Holt and Cr Rick Baberowski open Grand Linear Park in Palmview.Source:Supplied

Mr Harper said the park was five times the size of other standard parks on the Sunshine Coast.

“The Grand Linear Park will serve as a catalyst for wellbeing and connectivity for residents and tourists alike,” he said.

The first $3.1 million phase consists of 2ha of community space and features three separate play areas for locals to explore.

Harmony’s new facilities includes a set of six swings, two table tennis tables and a 30.2m multi-play structure with a slide, spider’s web, swinging ropes and stepping stones.Source:Supplied

A set of six swings, two table tennis tables and a 30.2m multi-play structure with a slide, spider’s web, swinging ropes and stepping stones was available for children of all ages and abilities.

According to Queensland Government’s Queensland Regional Profiles — Sunshine Coast Local Government Area, April 2017, Sunshine Coast’s population is projected to grow from about 311,550 to 453,000 by 2036.

Palmview’s largest masterplanned community releases land and park ahead of schedule

An artist’s impression of Harmony’s pocket park.Source:Supplied

Once complete, Mr Harper said Harmony would account for more than 4800 homes for about 12,000 of those future residents.

“Our new neighbourhood will encourage residents to stay active right on their doorstep with extensive walking and bike trails, a 5ha recreation park and a 1ha local park,” he said.

Sunshine Coast local Alyssa Jackson and her partner James Newcombe who recently moved up from Canberra, have just purchased a block of land in Harmony and hope to move into their new home in early 2019.

“It’s pretty competitive to purchase a block of land at Harmony; there were other buyers lining up for almost two hours before the Sales Centre even opened,” Ms Jackson said.

Harmony’s location was what really encouraged us to purchase in the area — the proximity to the highway, University of the Sunshine Coast, hospital and the shops in the Maroochydore CBD make it a very convenient location to live.”

Ms Jackson said they wanted to enter the property market as soon as possible and decided to build a brand-new home so they could take advantage of the First Home Owners’ Grant.

“We wanted to get into the property market so that we could pay off a mortgage rather than continue to pay money renting,” she said.

Source: www.news.com.au

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Sunshine Coast Golf Course with Approval for 260 Lots Hits the Block

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Sunshine Coast Golf Course with Approval for 260 Lots Hits the Block
A Greg Norman-designed golf course and permit-approved development site on the Sunshine Coast has hit the market with expectations around the $20 million-mark.

The 160-hectare Pelican Waters Golf Course site, which was acquired in 2004 by a Melbourne family that wishes to remain anonymous, has hit the market after receiving development approval for a new residential precinct in the area.

Approved by the Sunshine Coast Council in 2017, the “Lakes Edge” residential precinct is earmarked for 211 residential lots and three medium-density sites subdivided to create up to 259 lots over 20-hectares.

Designed to be delivered over four stages, with stage one approvals in place for 60 lots the development was subject to some controversy by local residents opposing the development.

The residential development was put forward by the owners of the site as a solution to lacklustre turnover at the golf course.

Sunshine Coast Golf Course with Approval for 260 Lots Hits the Block

The approved land use plan for 259 residential lots.

CBRE’s Brendan Robins and Rem Rafter are marketing the asset.

Robins said the property represented an outstanding opportunity to capitalise on the strong demand for quality land and housing in a sought-after area of the Sunshine Coast.

“Lakes Edge offers a diverse range of staged development options, including a large-scale retirement community, which take advantage of the area’s tranquil, picturesque and secure setting.”

Despite being named the top course on the Sunshine Coast by Golf Digest Magazine, documents submitted to council outlined concerns with the club’s profitability.

“Independent forecasts conclude that Pelican Waters Golf Club will not generate an acceptable level of commercial return for at least seven to 10 years,” the proposal said.

Located five minutes to Caloundra and 90 kilometres from Brisbane, population growth in the Pelican Waters area grew 24.5 per cent over the five years to 2016.

The property is being offered for sale via expressions of interest closing 8 August 2018.

Source: theurbandeveloper.com

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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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