Maroochydore’s New CBD Boosts Real Estate Growth In Sunshine Coast

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According to real estate analysts, Maroochydore City Centre’s development helps boost real estate growth amongst surrounding suburbs of the Sunshine Coast.

The first stage of the Maroochydore City Centre was unveiled in August 2019 after more than a decade of careful planning by the local Council and the State Government. This city-making project has a full timeline of 20 years of construction and is estimated to cost $ 2.1 billion.

The City Centre is viewed as one of the largest CBD projects to be accomplished on a green field in Australia due to its size of 53 hectares.

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According to SunCentral’s CEO, John Knaggs, once the entire CBD is complete, it would strengthen the entire region by providing sustainable infrastructures for the purpose of commercial, retail, residential, and civic uses.

Included amongst infrastructure developments that are soon to rise in the region are the expansion of the Sunshine Coast Airport and the completion of the Sunshine Coast University Hospital.

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“Maroochydore’s CBD will be at the heart of a region where unprecedented investments in private and public infrastructure are being made,” said Knaggs.

“Maroochydore’s new CBD is expected to create more than 15,000 permanent jobs on the Sunshine Coast and bring in more than $ 4.4 billion to the local economy.”

Real Estate Growth in Sunshine Coast Suburbs

With Maroochydore City Centre slowly taking shape, the demand for real estate in nearby Sunshine Coast suburbs has significantly increased.

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real estate report by analyst Terry Ryder shows a 37% increase in average property prices in the suburbs of Sunshine Coast last 2019. Specifically, Twin Waters suburbs grew 21%, Mooloolaba by 14%, Sunshine Beach by 37%, and Doonan by 19%.

“The new CBD is at the heart of this growth. It provides a center for the growing economy and employment opportunities of the Sunshine Coast while helping to boost housing price increases in the region,” said Ryder.

“Population growth leads to higher demand for real estate, which in turn leads to higher values.”