Quick Snips February 2014<< Back to Blog
Well, that’s January done and what a great month it was to kick off 2014. Our run of ideal weather conditions lasted right through until the Australia Day Weekend. Holiday accommodation kept booking out as the weather lasted to give us our best summer in more than a few years. It should be smiles all around for local business operators once they get the chance to settle down now that everyone has gone back to work and school. There has also been some very positive reporting of strong bookings already for next summer holidays with a number of accommodation providers indicating they have already booked out all of their available properties for next year. This has been something that we have missed over the last few years mainly because of weather disruptions. It’s amazing how well this place works when you add a bit of consistent sunshine.
Our local Australia Day celebrations also went off with a bang and were a great way to finish off the holidays. Whilst the wind might have come up a little stronger than we liked, conditions were still so much better than the last few years and strong crowds enjoyed the celebrations across Coolum Street parade, Marcoola Surf Club’s Marcoola Rocks and The North Shore Community centre Bush Poets breakfast.
It is easy to sit back and think about how well the summer has gone particularly with the great beach weather but It also should be an opportunity to reflect and say thanks to the fantastic jobs done by our volunteer surf life savers. Huge numbers on our beaches are great but to get through the summer unscathed is a clear sign of a job very well done. It is easy to overlook the job they do because they will never ask for any credit.
Lend Lease have finally handed over responsibility of the management of the sales and development of the land on the beachside of the David Low Way now owned by the Japanese company SEKSUI. Planning for the future development of this property is now subject to speculation with suggestions of the possibility of a six star resort being discussed with different levels of government. The land in questions has current master plan approvals in place which were quite heavily debated a number of years ago. Many local groups are up in arms already but at this stage there is nothing to even comment on. There has been no formal submissions proposed and the developer representatives are adamant that only preliminary discussions have been held. There is no point getting all hot and bothered about something which there is no information about. There are far too many eyes watching this space that anything will happen without everyone being able to have their say.
The developers of the new land estate at Mudjimba called Beach Haven can count heir blessings that the weather has held up so well. This site has required an enormous amount of fill and any rain interruptions could have created severe time delays. Thankfully they seem to be making huge inroads into the required work and seem on track for delivery of the completed land by the middle of this year. Sales have been good and there are still eleven blocks remaining.
There are a few mixed signals on how the current real estate market is performing. There seems to be a lot of media commentary talking things up for the market across south east Queensland and many of the forecasts are looking promising. There is definitely a better feeling of confidence but in our opinion the market is still some way off from what is being reported. We are definitely seeing more buyers in the market particularly looking for properties under $500,000. We are definitely not seeing this flowing through to higher priced properties as yet and it is difficult to see this happening until the employment situation on the Coast starts showing some improvement. Building approvals are starting to show some good signs of improvement and as we have mentioned previously there are some significant employment drivers for the Coast that are still one or two years away yet. In the short term at least we expect any price movement will be constrained and this is definitely reflected in what we are seeing on the ground. Genuine sellers are finding buyers but there are some early signs of over optimistic expectations slowing things down.
We are still finding our best way of achieving sales in this market is through our auction events. Genuine sellers are finding the right buyers. Next auction is February 6th.