Quick Snips November 2016

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Only one more of these newsletters to go before Christmas. Crikey! What happened to the rest of 2016? I mentioned at the end of last month that it is feeling like it is getting busy again and it seems like that has been the case all year. Confidence breeds confidence and that seems to be an underlying driver to the Sunshine Coasts economic momentum that we are experiencing now. It’s not as though it has happened overnight either. After a very difficult few years whilst the mining boom took precedence over every other economic dynamic around the country including the Sunshine Coast, the planets are finally aligning in our favour as attention turns back to the south east corner of Queensland. First Brisbane and then the Gold Coast markets kicked in to gear and we seem to be following along the same path but still lagging a little behind both of those centres. The big driver on the Gold Coast is the 2018 Commonwealth Games and all of the infrastructure required for that event. We will also benefit from the Games in the shorter term with a number of countries already signing up to base their teams and train on the Sunshine Coast throughout 2017. Meanwhile, the big projects for the Sunshine Coast that we have been preparing for throughout the last 10 years are all starting to come to fruition. The University Hospital at Kawana opens in April, the Maroochydore CBD project has turned its first sod, Aura at Caloundra South has commenced now and we are waiting on final announcements regarding the redevelopment of the Sunshine Coast Airport. I cannot help but have the feeling that we are at the very early stages of a long and prosperous period of economic growth on the Sunshine Coast. I know that when I read the various press that there are many conflicting reports on the state of real estate markets around the country but I am very confident that right now is a good time to be investing for the long term in our local market. Our latest auction results confirm the current positivity with seven out of the eight properties marketed in our last In Room auctions sold or under contract and all of our recent on site auctions selling under the hammer.

I have mentioned over the last few months that we have a number of new developments that we will be marketing and commencing over the next couple of months and we believe that the timing could not be better with low stock levels and increasing buyer numbers heading our way. The timing for long term property investment could not be better.

We have been talking with two of our local business connections,  McGregor Wealth Management and CMA accountants about holding a state of the market, property investment and wealth creation seminar prior to Christmas. We will update this in next months newsletter but please let us know if you or anyone else that you know might be interested in attending.

See you again next month. Stay safe.

 

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