Are these two Sunshine Coast suburbs the places to watch?
An upcoming seminar from Archers Body Corporate Management, in conjunction with Attorney-General Jarrod Bleijie and Mayor Mark Jamieson, is set to discuss the future of the Sunshine Coast’s strata communities and developments. And there’s two areas that investors are being pointed to.
Archers’ Andrew Staehr points to two main 'hotspots' for residents and investors to watch in the coming years – Kawana and Maroochydore.
“We are seeing a lot of activity in the Kawana area as a result of the Oceanside Health Hub and Kawana Health Campus development – expected to be one of the single largest health projects in Australia,” said Staehr.
“There is a huge focus on community living on the Sunshine Coast at the moment and Archers is involved in nine new projects within a three kilometre radius of the Oceanside Kawana project totalling more than 600 lots.”
He said that as these sites become developed, an increasing number of off-the-plan sales are being recorded, with investors being a large proportion of the buyers. Staehr said that these are good opportunities to buy into the market early.
Meanwhile, Jamieson said that a larger amount of this high-density development would be impacting the region for the next two decades.
“In the short to medium term, we have the Kawana Health Hub and Birtinya, which will provide housing for the new $1.8 billion Sunshine Coast Public University Hospital, while the Maroochydore Priority Development Area will start to come on line in a few years,” he said.
“The longer term will see the beginnings of Caloundra South. With all developments earmarked for higher-density populations, strata title will feature strongly.”
Strata development is, however, expected to be impacted by the Queensland government’s much-discussed review of property law to be released this year.
“The government has demonstrated its commitment to cutting red tape and addressing strata title issues for unit owners and developers on the Sunshine Coast,” said Staehr.