Quick Snips June 2012

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It’s hard to believe that we are up to the first day of winter already which means we have nearly ticked off half of 2012. It just goes to prove that time flies when you fill it full of mind numbing politicians and their antics. Thankfully the coast has gone back to being the place that we all came here for in the first place (as long as that reason wasn’t a job). May has put on another stunning month of sun and surf and believe it or not the water temperature at the beach has still not dropped below 22 degrees. The first couple of cold mornings have started to kick in now but if you rug up for a sunrise walk on the beach you will be in no doubt that we are in one heck of a great place.
Our new council and councilors have been going to school over the last month to learn how to drive this bus called the Sunshine Coast. It will be interesting times on a number of fronts locally. Previously rejected developments such as the 900 lot estate at Twin Waters West and the proposed shopping centre, cinemas and restaurants at Marcoola/Mudjimba proposed on land owned by Mal Pratt are both being appealed and are due to be heard in the second half of this year. It would not be a surprise if either or both of these decisions were overturned in this new economic and political climate. Not to mention anything to do with Big Clive and the place now called Palmerville. There seem to be any number of stories floating around about this precinct and they cannot all be true (I think). There almost seems to be an expectation that Clive will be an instant savior for this resort that has been going backwards for quite a long time now. He may well be the savior but there will be many difficult days to get through locally. Already half of the 600 workforce have been made redundant and now everyone else has been made to reapply for their jobs. This place has been by far the biggest local employer for a long time so job losses on this scale will have an impact. The uncertainty around the future operation of the resort also has to be affecting trading as people would be reluctant to book too far ahead not knowing what is going on. The golf this year has been confirmed and the Food and Wine Festival has also been confirmed but the long term future at this stage looks messy to say the least. Existing owners are up in the air over future plans and entitlements, rumours of Casinos and possible total closure for redevelopment also keep getting mentioned. Unfortunately Clive bounces around from one business to another like he is in a pinball machine and it is hard to know if this resort is any sort of priority for him. Hopefully this will get clearer soon.

The new financial year will see more streetscaping projects in Coolum and Marcoola kicking off. Coolum should see work start on the new roundabout at Elizabeth Street plus work will also begin on the Tickle Park carpark. As part of the roundabout work the entry to the caravan park will also be upgraded to include additional visitor parking and a new entry design. Marcoola will kick off the second stage of it’s streetscaping which will see a major transformation of the commercial strip across from the beachfront resorts. Power lines along the western side of David Low Way will go underground and footpaths will be widened out to 6-7 meters from Chemist Warehouse though to the 7-11 service station which will provide a much more user friendly browsing precinct. As well, the entry to Lexie St (between Bendigo Bank and Chinese restaurant) is to be closed to traffic and turned into a grassed park area to provide a village square meeting point for people using the businesses in the strip. Whilst there is expected to be disruptions to traffic and businesses over the next 4-5 months all works are expected to be completed in time for this years Christmas holiday periods.
Our sales teams in both Coolum and Marcoola offices have been seeing some consistent selling activity and results for the first 5 months of the year. Prices have moved however this is bringing more confidence for buyers to reenter the market. Our next In Rooms Auctions will see another 12 properties offered on 14th June 2012! These events have been remarkably successful and we are very please to be able to say that over 75% of the properties that we have auctioned since last October have now been sold. This is an outstanding result in a still difficult market. Please feel free to contact any of our sales team if you are thinking of buying or selling and they can give you a very clear, reliable and current guide to what we are seeing locally.

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