Quick Snips August 2012

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Ok, hands up if you know who stole our winter? This is supposed to be our time of crisp mornings, crystal clear blue skies and all day off shore winds gently blowing the backs off perfect winter waves. Instead we have had 6 weeks of 20-30 knot, southerlies with the occasional week of northerly winds (??), consistent overcast days and rain, and people whingeing about it all happening in schools holidays. Sounds like the lead in to the London Olympics but it is definitely not what we expect here at this time of year. Forecasters have called for an El Nino cycle to start as we head in to spring which means we should be in for much milder and drier conditions. Hopefully we have just had a late start to winter and we can start breaking out the sunscreen very soon.
The beaches have taken a bit of a pounding over the last few months. Fortunately we had a lot of sand built up but there has definitely been a lot of sand taken out to sea. What we need is a couple of milder months before summer and they should replenish quickly.
I might look at having a permanent Clive Watch paragraph each month to outline the new ideas for the resort formerly known as The Hyatt. I am sure that I will have no problem having something write about, but we won’t spend too much time on it because there will most likely be new and different ideas next month. This months highlights include a chairlift to the top of Mt Coolum, a Sky Needle (think Stefan at Kangaroo Point) and a ten storey building for the Casino. Then there is the $50,000,000 invested into golf which will be used to attract the Chinese golfers from the One Asia Tour plus Chinese golf visitors. I will be happy if they can manage to hang on to what they have now and keep the PGA for a few more years. The uncertainty hanging over the future plans for the resort makes it even harder to guarantee and plan events like the PGA.
Great news during for the Sunshine Coast this month with an announcement that the new Kawana Hospital construction has been brought forward to start work in October. This is one of the big employment drivers for the coast into the future and will provide a massive confidence boost to the region as soon as work finally starts.
Tenders have also gone out for work to start on the new golf course at Bli Bli. The new course should be 18-24 months in construction. As soon as that is completed the council will be ready to commence redevelopment of the current Horton Park site to turn it into the Coasts new CBD.
Allow a little extra time if you are driving through Marcoola or Coolum for the next few months. Construction has commenced on the next stages of both street scaping projects with both due for completion before Christmas.
Coolum Beach Hotels owners have lodged significantly amended plans for the redevelopment of the site. Completely removed from the original submission are the specialty retail tenancies, the 39 motel style units, the BWS drive in liquor store and the basement car park. The location of the hotel will now sit on the corner of Birtwill Street and David Low Way and the proposed Dan Murphy’s liquor store has been increased to 1450m2. We are going to need Clive’s casino because a bottle shop that size will need extra people with huge drinking problems to satisfy that amount of supply capacity. Sometimes you just have to wonder what is going on in these peoples heads to think that Coolum needs anything like a bottle shop anywhere near that size or maybe just because the alcohol will be cheaper then we will all be able to drink more. I’ll drink to that!
Our next “In Rooms” multi auction will be held on Thursday August 16th at Ramada Marcoola from 6pm. We have another 11 properties to be sold on the night and if you are considering buying or selling a property in the not too distant future I would suggest you try and come along to one of our auction events. These are proving by far our most successful method of getting properties sold in what is still a very difficult and patchy market. After 5 events since our first one last October, we have now sold 52 out of the 66 properties that have marketed this way which is a clearance rate fast approaching 80%. Please feel free to contact any of the Marcoola or Coolum sales teams if you would like more information on anything going on in our local real estate markets. Stay safe and let’s see what the next month brings us.

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