Maroochydore, Sunshine Coast QLD
3 bed, 2.5 bath, 1 parking
Villa and land package
$479,000 with rental estimate of $490 per week
How long since you’ve been to the Sunshine Coast? If you haven’t been for a while, you’ve probably forgotten how beautiful it is. If you haven’t been in the past few years, you wouldn’t know that it’s grown a lot and has had massive infrastructure investment.
These are just two of the reasons we’re loving this part of the country for investing. This development is ticking all the boxes for growth.
Maroochydore is considered to be the gateway to the Sunshine Coast. The airport is undergoing a $347million upgrade to improve facilities and better cater to both domestic and international guests. Major arterial roads, as well as city centre roads, have greatly benefited from good planning and construction. Shopping centres have been improved and grown, with David Jones and H&M just opening in Sunshine Plaza.
But Maroochydore is more than just a tourist hub. It’s been identified as a commercial hub that also offers lifestyle. Corporates are investing in land and relocating their headquarters to the area, hospitals and health precincts have been built, schools, TAFEs and universities are first class.
It is amongst the largest regional economies in Australia and is forecast to grow to $33 billion by 2033. It’s a bustling hub that has experienced a 10.1% population growth over the past five years, with population forecast to continue growing from 298,000 to 470,000 by 2036 in line with job creation and migration.
This development is just 4kms from the centre of Maroochydore, an easy walk to Maroochy River, close to schools, beaches and shops and a quick 15 minute drive to the university hospital. It’s ideally located for work, family and lifestyle.
These villas are under construction and they’re priced to sell. At just $479,000 for a beautifully designed 3 bedroom, 2.5 baths, single garage, the homes will be in high demand for both investors and owner-occupiers.
With a resort-style recreation area, complete with pool, BBQ areas and lawns perfect for picnics or cricket games, this development is well thought out and planned for all that the Sunshine Coast has to offer residents.
With an affordable investment price, a phenomenal rental estimate of $490 per week and Body Corporate levies quoted at $3,000 annually, the cashflow on this property is great.
Maroochydore has one of the tightest rental markets in the country, with a vacancy rate around 1%. Given the location of this property and the affordability, we’re expecting demand to be great for these villas, with lots of interest already being shown.
If this development interests you, please get in touch and we can share more details and discuss whether it meets your investing strategy.