Quick Snips July 2012<< Back to Blog
As I sit down to write this months news I notice the sun breaking through for the first time in over a week. Not the best start to a school holiday that we have ever had with a record run of low temperatures and rain. Hopefully that is now out of the way and with a much more favourable forecast the kids can stop climbing walls and get out of the house again and back down on the beach where they belong.
After a difficult few years for real estate and business in general on the Sunshine Coast the question on everyone’s lips is still what happens next? Is it time to look optimistically toward this next financial year or do we continue shaking in our boots waiting for the next kick? Life is much more fun if you focus on the positives so my call is for optimism even if it might still be some time before we see hard evidence of a turnaround.
So here are my 10 reasons to be positive
1. Stamp Duty concessions for principal place of residence reinstated from July 1
2. Interest rates remain historically low and are likely to continue for some time yet
3. Real Estate Prices on the coast have experienced the most substantial downward adjustment seen in decades. As long as you don’t have to sell that is not a major problem but this market is presenting some exceptional buying opportunities.
4. Apart from this last week, the Sunshine Coast is still one of the best places to live in this country. Future population projections still show that there will be significant growth over the next 15 to 20 years
5. Two recent changes of government and only one more to go
6. Significant Major economic drivers in place for the Coast effectively kicking in from 2014 / 2015. This represents a huge investment in future infrastructure for the coast which will bring a diverse range and volume of employment opportunities plus it also comes with a new golf course for the North Shore
Sunshine Coast University Hospital Precinct. Over $2 billion investment, 11,000 construction jobs over 5 years and 4,500 permanent employees on completion
Sunshine Coast Airport Precinct expansion and upgrade. $500 million investment and over 5,000 jobs by 2030
Caloundra South, 20,000 dwellings housing 50,000 people over the next 30 years
Palmview / Sippy Downs Town Centre. A new major activity centre for the coast plus residential and commercial hub. $3 billion investment, over 10,000 jobs, 7,500 dwellings, schools and expanded university over a 15 year period
Maroochydore Principal Activity Centre. New CBD for the Coast, 4,000 units, 1,600,000m2 commercial office space, 45,000m2 retail shopping. Initial investment $150 million on infrastructure and over 8,000 jobs
7. On the local scene both Coolum and Marcoola benefit from planned substantial upgrades in streetscaping
8. Big Clive’s presence will ensure that we will never be or short of publicity
9. Unlike the rest of the world many of our problems are structural and relate to the biggest mining boom since the gold rush. We just need to figure out how to get the most out of the ride because all booms come to an end.
10. At some stage the rest of the world will sort itself out and we will all wonder what we were worried about.
There you go there is plenty to be positive about and you don’t have to look too far ahead. To quote a famous beer ad “It’s All Good!”