Does Oceanside Kawana offer investment potential as epicentre of Sunshine Coast growth?

Does Oceanside Kawana offer investment potential as epicentre of Sunshine Coast growth?
Does Oceanside Kawana offer investment potential as epicentre of Sunshine Coast growth?

The Oceanside Kawana precinct on Queensland's Sunshine Coast will be a focus for investors in the future according to new research from Urbis.

Director of economics and market research for Urbis, Malcolm Aikman, said the Sunshine Coast’s immediate future will be driven by solid job growth on a scale rarely seen in other locations, and the Oceanside precinct is at the epicentre of this growth.

Click to enlarge

Does Oceanside Kawana offer investment potential as epicentre of Sunshine Coast growth?

"The Oceanside precinct exhibited strong growth fundamentals, especially with billions of dollars in infrastructure spending leading to the creation of more jobs – with significantly higher wages - and population growth, which in turn should lead to greater demand for residential property," he said.

Click to enlarge

Does Oceanside Kawana offer investment potential as epicentre of Sunshine Coast growth?

“The $5.3 billion Oceanside Kawana project, which comprises the Oceanside Health Hub, the Sunshine Coast University Hospital (SCUH) and the proposed Oceanside Town Centre, represents one of the largest development projects in Australia and is forecast to employ 16,000 operational staff upon completion.

Click to enlarge

Does Oceanside Kawana offer investment potential as epicentre of Sunshine Coast growth?

“This increased employment will bring many more people into the precinct, with population growth within the Oceanside catchment forecast at 2.8 per cent per annum over the 20 years to 2036, well above the one per cent forecast for the Brisbane LGA.

Click to enlarge

Does Oceanside Kawana offer investment potential as epicentre of Sunshine Coast growth?

“A major demographic shift for the population is also underway, with average wages within the precinct set to increase dramatically. The average wage of a hospital worker is $92,300, more than 60 per cent higher than the Sunshine Coast LGA median wage of $56,940.”

According to Urbis, almost 70 percent of the active apartment market in Oceanside is already registered as sold or under contract.

Click to enlarge

Does Oceanside Kawana offer investment potential as epicentre of Sunshine Coast growth?

Colliers International and Savills are marketing prime development sites within this precinct yielding between 30 and 220 units.

For more information, click here.

Tags: 
Residential Development Susnshine Coast

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?