The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
2 WEEKS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE MORE THAN 550 ALREADY ATTENDING
2 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
16
print
Print
RetailTaryn ParisFri 09 Apr 21

Sunshine Coast Golf Range Up for Sale

10e58e34-cfa3-449d-967f-cdefc30eec9d

A 4.19ha golf driving range has hit the block on the Sunshine Coast and could help ease land supply pressures in the region.

The greenfield opportunity at Sippy Downs in the Sunshine Coast’s education hub precinct is about 1km from the University of the Sunshine Coast and expected to fetch about $7.5 million.

CBRE Sunshine Coast managing director Rem Rafter said large-scale greenfield development sites were rare in the booming suburb.

“Thousands of residents have settled in Sippy Downs, keen to live close to the education facilities and take up employment opportunities provided by the area’s remarkable growth,” Rafter said

The site’s proximity to the business and retail centre, and education hub allows for high density accommodation under the Sippy Downs Local Area Plan.

It permits building heights of up to 25m, catering to short-term accommodation, apartments or townhouses.

▲ The Chancellor Park Driving Range at Sippy Downs is on the market. Image: CBRE


The Sunshine Coast has experienced a surge in demand for property during the past 12 months with house prices increasing 10 per cent during the period, according to Corelogic’s Regional Market Update.

Last quarter the median house price on the Sunshine Coast was $714,952, while the median price for units was $506,106.

The Sunshine Coast Council is undertaking public consultation as part of its development of a Sunshine Coast Planning Scheme expected to be delivered in 2024.

The plan is expected to go some way to address the high demand for greenfield development sites.

The South-East Queensland Regional Plan requires each council across the southeast corner to have a minimum of four years’ supply of housing land to accommodate a forecast annual increase of 75,000 residents.

The Sunshine Coast reportedly has 2.2 years of land supply. It is estimated a further 87,000 more dwellings will be needed on the Sunshine Coast by 2041.

The site is for sale by expressions of interest, closing May 5.

ResidentialAustraliaSunshine CoastPolicyReal EstateSector
AUTHOR
Taryn Paris
More articles by this author
ADVERTISEMENT
TOP STORIES
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
View All >
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
Without the $135.98-million injection it is claimed the Logan City Council would have had to stop approving new housing …
LATEST
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
3 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Logan Wastewater Funding hero
Infrastructure

Flush of Funding to Deliver 20,000 New SEQ Homes

Phil Bartsch
3 Min
Stockland's Triniti HERO
Build-to-Rent

Stockland $400m North Ryde BtR Approved on Appeal

Leon Della Bosca
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/driving-range-boosts-land-supply-on-coast