The Sunshine Coast has always been popular as a property destination for sea change and ‘sunbelt’ seeking retirees, but two major infrastructure projects have sped up the momentum this year.
“At the end of last year, stage 1 of the Sunshine Coast University Hospital opened,” said Damien Ross, QM Properties Sales Manager “and the State Government started buying up land for the Sunshine Coast airport runway extension.”
“In the market of the past few years, buyers have been fairly conservative, but now that these projects are moving forward, confidence has returned,” he said.
Sunshine Coast Public University Hospital will revolutionise healthcare on the coast and offer a range of new and expanded free public hospital services, supported by highly trained and specialised staff, to care for patients with complex or life-threatening conditions. This means about 10,000 patients each year will not have to travel to Brisbane for treatment.
The hospital will open with about 450 beds in 2016, growing to a 738 bed facility by 2021, with the ability to increase to 900 beds beyond 2021 if needed.
The Sunshine Coast Airport expansion will allow for international flights and larger sized jets to access the airport.
The precinct is expected to generate 5000 new jobs and inject about $1.6 billion in regional economic benefit between 2015 and 2050.
“Areas like Forest Pines at Forest Glen have enjoyed enquiries based on the new infrastructure projects, particularly for savvy investors,” said Damien. “We have experienced this before in our Central Lakes development in the medical and educational hub in Caboolture.”
“At these developments we often find second or third property buyers, like the Holloway family who have purchased three house and land packages in Forest Pines,” he said.
The family first purchased a block of land in Stage 1 of the development and built a large split level home with an alfresco dining area and swimming pool.
Next, the Holloways bought land in Stage 2B and are about to start on a four bedroom, two bathroom investment property.
Once this is finished, the family will put the first property on the market and build a larger home for themselves on the third block of land in Stage 3A.
This home will be an even larger four bedroom, two bathroom home designed in a U-shape built around a pool, courtyard and entertainment area.
Richard and Georgia Holloway arrived in Australia eight years ago with €500 in their pocket and big dreams in their sights.
Richard is an electrical contractor with his own business, and works mainly in Forest Pines for Nu Trend Homes. All three of the Holloway’s homes to date are Nu Trend projects, a Sunshine Coast based company.
“We arrived from Southampton in England and used Maroochydore as our base to explore destinations like Fraser Island, Stradbroke Island and the Whitsundays,” said Richard.
“As we finished each trip back here it seemed more and more like home,” he said “so we all decided to make it our permanent home and now we couldn’t be happier”.
Coming from Southampton on England’s south coast, living anywhere away from the sea was not an option, so the Sunshine Coast is where the Holloway family has put down permanent roots.
The Holloways have a five year plan to build and sell or rent their investment properties, so they will be debt free.
“As a self-employed sparky I have no super so we are planning for the future,” said Richard. “Forest Pines has a family atmosphere with well-kept homes on larger than usual blocks,” said Richard.
“We left England to find more space, so this suits us very well,” he said.
Nu Trend Director Peter Nastrom agrees that Forest Pines works for families that are following the property investment route.
“Families can take advantage of the first home buyers’ scheme at an entry point of $379,000 and then work their way up the property ladder,” said Peter. “We are currently building homes for five different buyers who are hard-working people with mortgage free goals.”
“Their buyers are confident that projects like the Sunshine Coast Hospital and Airport will deliver quality investors and renters to this market,” said Damien.