Quick Snips June 2014<< Back to Blog
So maybe winter isn’t when we hibernate after packing away the sunscreen, togs and beach towels after all. Here we are at the official start of winter and the outside temperature is 25 degrees and the water temperature is still 23 degrees. An early morning walk along the beach at the moment looks like it could be painted on it is so perfect here right now. I know we will cool down some time soon but there isn’t anyone that I can find complaining. As I mentioned last month, all of the indicators are falling in place to say that a pretty strong El Nino pattern is coming our way which means we could be in for an absolute cracker of a winter at the Coast. That is great news for nearly all of the small businesses and property owners around here after what has been a very tough and wet past four to five years. It is early days still but there is definitely a feeling of optimism that maybe it is approaching our time (the Sunshine Coast) to start shining economically
This diagram came through on an email this month and describes the characteristics of the different stages of the property cycle and conditions that we are seeing now put us in the early stages of recovery. Rental demand and pricing is extremely strong and stock levels of property for sale are definitely at low levels compared to the last few years. We may also be at the very early stages of seeing an improvement in our selling prices. We went to a Macquarie Bank presentation during the month and their forecasts also reflect this outlook. Whilst they do not expect to see the rampant rises that Sydney and to a lesser degree Melbourne have seen over the last couple of years, they do expect that we (south east Qld) could be in for a positive run of moderate price growth (5%p.a.) over the next few years barring any unforeseen external shocks to the economy. It sure makes it a lot easier to be positive and confident when everyone starts singing the same tune about us .
I drove past the new golf course at Bli Bli this week and the work going in there is starting to take shape. The grass cover appears to be getting well established and the bunkers (too many to count but shouldn’t be a problem finding one) are very noticeable as well. The club house and carpark site works are also underway. Things are all looking on track for handover early 2015. As we have discussed before, once this course is completed it will open up a wave of development throughout the southern side of the Maroochy River that will transform the Sunshine Coast. It’s a big call but it is all laid out in the new planning scheme for all to see.
Marcoola Surf Club has also been getting in to their renovations and extensions. A new function room is being built at the northern end of the club (next to the restaurant) which will give them the ability to cater for weddings and events without disrupting normal trading.
A walk along Coolum Esplanade shows the supply of vacant shops is quickly starting to fade away. A number of new food outlets have been added to the retail strip which will service the growing number of visitors to the town.
The flying fox eradication program around the Cassia Avenue wildlife program appears to have been initially successful. Three weeks of bright lights and sirens will hopefully be worth the effort for those local residents that have been affected by the problem colony.
An appeal to the Planning Court has controversially seen The Yandina Creek Quarry approved to the dismay of local residents and overturns the unanimous decision of Council .