What once was rolling greens and sweeping fairways has been transformed into bare earth as diggers carve out the floor plan for the future heart of the Sunshine Coast set to grow before our eyes in less than two years.
A flyover video posted on the Maroochydore City website shows just how extensive the preliminary works have been, as precincts three and six are prepared following the opening of expressions to developers looking to invest and with the John Holland Group looking like a front runner. Click here to watch.
The two stages being developed first make up the Principal Centre (CBD) zone, with some public plaza and open space and waterways also making up the earliest stages of the development.
Local property values are already responding
I’m noticing local property prices responding as the new city centre takes shape and looks set to feature the tallest buildings in the region, with planning certainty given for a range of buildings which Mr Knaggs said were expected to range from five-to-six storeys up to 15, 20 and 25 storeys.
The tallest building on the Coast at present is the Mantra at Mooloolaba, sitting at only 18 floors and 62m high with the next tallest being Northcliffe Apartments in Maroochydore (16 floors, 54m high).
Economy to more than double: new report shows what Sunshine Coast will look like in 2040
According to Mark Jamieson, the Sunshine Coast’s mayor, the region’s economy is about to more than double to $33 billion over the next 20 years. Jamieson said the Coast has been named as one of the world’s Smart21 Communities, recognised for applying digital technology to deliver economic opportunities that lead to jobs, investment and development.
With the population in the region also set to nearly double on the back of all this change, property prices look certain to get a boost simply on the back of increasing demand.
What does this mean to you?
With the kind of growth now well underway on the Sunshine Coast, property values just cannot remain at the levels they are – prices unimaginable in Sydney or Melbourne close to the CBD.
I’m seeing property prices starting to move already as more and more people start looking for homes and investments. This includes significant numbers of people aligned to the health and medical sectors – not surprising with the massive Sunshine Coast University Hospital now open for business and rapidly expanding its workforce.