PROPERTY HIGHLIGHT – 4 kms to Maroochydore CBD
3 bed, 2.5 bath, 1 +1 garage villa
$459,000 or $479,000
Excellent rental estimates
Completion September 2019
We’re really excited by this development in Maroochydore for all the right reasons! It’s selling well and scheduled for completion this September. The location is superb, the numbers are excellent and the property is stylish and functional.
This is why I love it and why it makes a great investment:
Location
Maroochydore is benefiting from an injection of $2.5 billion government funded infrastructure projects – plus a huge amount of private investment. There is a new Maroochydore CBD being built to cater for demand, a $35 million International Broadband Submarine Cable project underway that will provide Australia’s fastest telecommunications networks to the rest of the world. The local shopping centre has recently been expanded and upgraded, the airport has been upgraded and a new runway will be completed by 2020.
The population for the Sunshine Coast is forecast to rise by a whopping 83% (470,000) by 2036. It will be the second fastest growing region in Queensland.
Maroochydore is preparing to become a major Australian business hub, and with this investment and growth comes jobs. These jobs will bring people, who all need a home.
This development is positioned 100m from Maroochy River. It’s a 9 minute drive to the CBD, 8 minute drive to the airport and close to Sunshine Coast University and hospital. It’s perfectly positioned to be close to the action of the CBD, yet completely surrounded by the beautiful lifestyle features that the Sunshine Coast is famous for.
Affordable
These villas are well priced at $459,000 or $479,000 for 3 bedroom, 2.5 bathroom and 1+1 parking. Internal space is 110m2 – 125m2 plus garage and outdoor areas.
We’ve negotiated a 5% deposit for our clients, so it’s an incredibly low $22,950 or $23,950 to invest in a piece of paradise.
The rental estimates are outstanding. On the $459,000 property, estimates are between $465 and $515 per week. On the $479,000 property, they are between $495 and $535 per week.
Amongst the inclusions are Bosch appliances, landscaping and ducted air conditioning.
The development backs onto a conservation area, so will never be built out. Common areas include a pool, guest entertaining areas, barbecue areas and large grassed areas – perfect for a picnic or family cricket game.
Demand
The rental vacancy rate for the Sunshine Coast currently sits at an incredibly low 1.7%. The forecast is for demand to continue to outstrip supply, with predictions that this vacancy rate will remain low. This is great news for both rental return and capital growth.
What’s next?
If this development interests you, please get in touch and we can share more details and discuss whether it meets your investing strategy.
This development is selling fast and just weeks away from completion. If you’re ready to invest, this is an excellent opportunity.
Happy investing!
Michael Rogers
0416 049 226
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