Quick Snips Dec 2017<< Back to Blog
What a cracker of a month to see out 2017. Whilst we have had our share of summer storms so far, the days have been scorchers and beach and surf conditions have been just about perfect. Good luck to anyone trying to get a carpark in Coolum as the place has been overflowing with holiday makers and locals all trying to make the most of what we all know is our piece of paradise. There is no doubt that the whole vibe on the Coast this year has been very positive and months like this December when everyone is on holidays and able to relax and enjoy the place at it’s best provide the perfect lead into 2018.
So what do we have to look forward to in real estate in 2018. Locally we have 3 new developments ready to go in Coolum including ALLURE (43 beach houses) in central Coolum, DRIFT (56 apartments) across from Point Perry and FIRST BAY (24 luxury apartments) overlooking First Bay. Further south the fencing has just gone up on the beachfront land to the north of Surfair with 30 small freehold lots being offered off the plan.
The future for major development proposals from Seksui at Yaroomba Beach and Stocklands at Twin Waters should also be clearer as we move through this upcoming year.
The new Sunshine Coast airport runway will commence construction in 2018 with completion expected by 2020 and the development of the new CBD in Maroochydore kicks in this year as well (with or without a casino). Major roadworks underway at the Sunshine Motorway and Caloundra interchanges provide a clear indication at the scale of growth being planned at the southern end of the Coast. Whilst other parts of the country have peaked in their economic cycles it is clear that the Sunshine Coast is at the early stages of a major transformation. We may have recovered from the downturn experienced here since the previous market peak of 2007/2008 and there is still every reason to be very confident in our medium to longer term prospects.
Renovations may not have commenced as promised 3 or more years ago at the PALMER Resort and the suspicion has been that aside from the golf course and kangaroo breeding the property was no longer suitable for commercial purposes. But to locals surprise, one of the pools was cleaned and filled and rooms have become available to rent on airbnb over the summer peak holidays. I am not aware of anyone that took up the offer but it will be interesting to see how much of a crowd puller rogue kangaroos can be.
Happy New Year everyone.