The Sunshine Coast property market is set to ride a wave of more than $6.7 billion in major new development and infrastructure projects.
Collectively we have mapped all new major projects, in excess of $20 million in value, which are under construction, proposed or recently completed in the region.
The analysis has identified 73 individual projects totalling $6.764 billion in the commercial/retail/industrial, resort/hotel, mixed-use, residential, retirement and infrastructure sectors, stretching from Caloundra in the south to Noosa in the north.
The record wave of investment in new projects across all sectors will set the foundation for prosperous, sustainable growth for the region.
The multi-billion dollar health hub at Kawana is well underway with cranes standing tall over this rapidly emerging new precinct, while infrastructure works will commence on the exciting new Maroochydore City Centre project in 2015.
These two projects alone will put the Sunshine Coast on the national map and are supported by a diverse range of new developments and projects in all industry sectors spanning all areas of the Coast.
We have been in negotiations with companies looking to expand or relocate allied health services from interstate to the University Hospital Health Hub and as this project matures I foresee the enquiry ever increasing.
Affordability and lifestyle attractions are the dominant drivers of interstate migration to the Sunshine Coast.
The significance of the new wave of development projects is that they will support and complement the region’s growing population with a wider array of sustainable employment generators that will ensure a more diverse and dynamic economic future.
The weight of money that is current flowing throughout Australia’s property market, from both national and international sources, will also cause investors to seek out investment opportunities further afield than the main capital city markets and the Sunshine Coast is perfectly positioned on the back of major new development projects to cater for that demand.
Research by Savills
