QM Properties have added to their Sunshine Coast portfolio with the recent acquisition of Maroochy Rivers at Yandina, a development in the Coolum Hinterland.
Colliers International marketed the development in November last year, which generated strong interest from other parties.
“We had a lot of interest in Maroochy Rivers from the market, but QM properties were successful, securing the approved 137 lot subdivision for $5.24 million,” said Senior Executive Special Projects at Colliers, Baydn Dodds.
“The subdivision appealed to us on a lot of levels,” said QM Properties Sales Manager Damien Ross.
“We have great confidence in this area, due to a shortage of land, population growth and its ideal position.”
The recent influx of infrastructure upgrades on the Sunshine Coast, including the university, airport and hospitals, has seen buyers flocking back to smaller centres such as Yandina.
The Sunshine Coast University Hospital project will generate 2,000 construction jobs and subsequently 3,500 permanent jobs once complete. The planned ‘Coast Connect’ public transport initiative as well as the airport expansion are set to further increase the Coast’s population.
“Small towns such as Yandina emptied out at the end of the last century as young people moved to the cities,” said Damien. “But now they are enjoying a revival and the families are coming back to take advantage of the influx of jobs and infrastructure.”
“Maroochy Rivers is strategically located in the heart of the Sunshine growth area, with both investors and residents of the upcoming estate set to benefit,” said Damien.
“While being close to key business and employment hubs, the estate is nestled in lush grazing land on the Northern arm of the Maroochy Rivers and gives residents the true feeling of country living”.
“This is due to the high demand of land on the Sunshine Coast, which is the second fastest growing region in Australia,” said Damien.
“There is a strong demand for residential land, and there is very little stock left in areas close to the Coast and regional centres like Coolum and Noosa,” he said.
“Buyers are aware that a number of existing projects are nearing completion, such as Forest Pines at Buderim and Yandina is all pre-approved and ready to build.”
The estate is bordered by the Maroochy River is known locally for its pristine water quality and flocks of exotic black swans.
Families are looking to settle in places like Yandina, with their village atmosphere and lifestyle.
Maroochy Rivers will also feature parks, landscaping and walkways to the river or the shops, community services and cafes in town.
“The village will be minutes’ walk away from home for residents, including the new IGA Centre and town retail area.
“Yandina is an attractive heritage town with a historic timber pub with wide verandas and the world famous Spirit House Restaurant and Cooking School,” said Damien.
Several large companies are based there, offering employment opportunities including Buderim Ginger, APN Newspapers and Rockcote.
The commute to Brisbane will be shortened with upgrades to the Bruce Highway and to interstate with expansion of the airport.
The beaches at Coolum are fifteen minutes away, and there is quick access to a range of private and public schools in Noosa, Peregian and Buderim.
QM Properties have developed Noosa Waters, Forest Pines, Doonella Noosa and Noosa Retreat in the past 20 years.
“We are very confident that Maroochy Rivers, with its approved large size land, will be as popular as our other Sunshine Coast sites,” said Damien.