investment guide · 2019-11-22 · palm beach $2.9m house $1.3m apartment sunshine coast $490k...

I N V E S T M E N T G U I D E

Q U E E N S L A N D : A N O V E R V I E W

Queensland is the second largest state in Australia with 10 of the nation’s 30 largest cities. A truly multi-cultural state, its residents represents more than 220 countries of origin.

A well-known tourism destination around the globe, it is home to five of Australia’s 19 World Heritage Areas including the Great Barrier Reef, Fraser Island, the Riversleigh Fossils, the Gondwana Rainforests and the Wet Tropics of Queensland.

P A R K R I D G E N O O S A

N A T U R A L A T T R A C T I O N S

24%E C O N O M I C G R O W T H

While Queensland is well connected to global markets, the state remains economically resilient. The economic growth rate is among the strongest in Australia and is estimated to grow by 1.6 – 2.4% annually over the next 35 years.

Queensland is one of the most naturally diverse places on earth with over 300 national parks, 6,900km of pristine coastline and some of the world’s finest beaches.

Q U E E N S L A N D P O P U L A T I O N

Queensland is the third-most popular state in Australia boasting an estimated population of 4.8 million people as of 2016.

48M

The Queensland population is expected to increase by 100,000 new residents per annum between now and 2036.

$18BILLIONQueensland is experiencing the highest level of business confidence with 60% of businesses experiencing a profit, 38% expecting a capital investment increase and 33% expecting to employ more staff.

100KN E W R E S I D E N T S P E R Y E A R

A F F O R D A B L E P R I C E S ( B Y C A P I T A L C I T Y )

C A P I T A L I N V E S T M E N T I N C R E A S E

House and apartment prices are more affordable in Queensland cities, making them more economically attractive to live and work in.

QLD$460K

NSW$968K

VIC$670K

Source: domain.com.au June 2017

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W H Y I N V E S T I N T H E S U N S H I N E C O A S T

B R U C E H I G H W A Y U P G R A D E

$1B A I R P O R T U P G R A D E

The airport upgrade is due for completion in 2020 and will accommodate and respond to increasing demand for services and:

— Create over 2,000 new local jobs— Provide a $4 billion boost

to the local economy— Provide direct international

flights to numerous countries

A $1 billion Caboolture to Caloundra upgrade will ensure a smooth connection between Brisbane and the Sunshine Coast.

R A I L U P G R A D E

A $780 million rail upgrade from Beerburrum to Landsborough is currently underway.

$780M

P R O P O S E D L I G H T R A I L

The $2 billion proposed light rail will provide quick, easy and efficient transport from Caloundra to Maroochydore. This will boost the local economy, support regional population growth, create around 9,000 jobs, stimulate private investment, reduce traffic congestion and potentially cut pollution.

I N F R A S T R U C T U R E S P E N D I N G

The Sunshine Coast region is currently experiencing unprecedented spending on infrastructure across all major sectors including health, education, transport and tourism totalling over $18 billion.

E D U C A T I O N

The University of the Sunshine Coast will boost local jobs in the education sector, with an additional 20,000 students expected to enrol by 2020.

$81M


$1.8 billion investment, 738 bed Sunshine Coast University Hospital opened in April 2017 and is currently the largest operating health hub in the Southern Hemisphere.

The Sunshine Coast has over 1,700 healthcare businesses including 85 private specialists and 115 primary care practices employing over 500 general practitioners.

University Hospital upgrade will create up to 4,600 jobs in health sector.

The Sunshine Plaza $400 million expansion upgrade is due for completion by Christmas 2018 and will create over 2,000 local jobs.

$18B 4,600 H E A L T HH E A L T H

M A R O O C H Y D O R E P R O J E C T

1,700H E A L T H S H O P P I N G

$400M

40% of the 43 hectare site has been reserved for parks, waterways and public spaces, the new city centre will provide:

— 150,000m2 of new commercial space — 65,000m2 of new retail space — Up to 15,000 local jobs

Maroochydore will emerge as Queensland’s newest city with the Maroochydore SunCentral project already underway.

Source: https://mysunshinecoast.com.au/news/news-display/the-bright-city-opens-for-business,44310 www.maroochydore-city.com.au

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W H Y I N V E S T I N T H E S U N S H I N E C O A S T

L A B O U R F O R C E

58% 74%G R O W T H R A T E

The current population of 350,000 is expected to jump to 550,000 by 2040. This demonstrates a 58% growth rate compared to the expected national growth rate of 38%.

A 74% increase in the labour force compared to the national growth rate of 44%.

P O P U L A T I O N G R O W T H

The Sunshine Coast is one of Australia’s largest regional economies with expected investment, business and population growth over the next 20 years. The broader Sunshine Coast region’s population is forecast to grow to more than 550,000 by 2040.

P O P U L A T I O N

E C O N O M I C G R O W T H

Sunshine Coast economy has doubled in the last decade with Gross Regional Product worth over $16 billion.

$16 BILLION

Local population is projected to grow by 8,400 new residents per year with a need for an additional 3,250 new dwellings in the Sunshine Coast area per year.


E M P L O Y M E N T

A minimum of 18,600 news jobs to be created during the next 5 year period as a direct result of extraordinary infrastructure spending.

Source: Australian Government and Department of Employment

E D U C A T I O N

13K The Sunshine Coast education sector employs over 13,000 people and is predicted to be the region’s second largest employer by 2033.

V A C A N C Y R A T E A N N U A L G R O W T H

As the population increases, the vacancy rate is remaining stable at 1.7% with some developments enjoying full tenancies.

The Sunshine Coast region median weekly rental return has grown by up to 14% over the past 3 years.

17% 14%R E N T A L R E T U R N S

Investor market is now starting to open up in Sunshine Coast to meet current growing rental demands.

With major project works (e.g. Airport, Maroochydore City Centre) about to commence, rental demand will continue to increase and elevate rental returns.

A F F O R D A B I L I T Y

The Sunshine Coast median house price of $490,000 is considerably more affordable than all other coastal communities within close proximity to Australian capital cities.

Source: Property Value by Core Logic

M E D I A N H O U S E P R I C E

P A L M B E A C H

$2.9MH O U S E

$1.3MA P A R T M E N T

S U N S H I N E C O A S T

$490KH O U S E

$355KA P A R T M E N T

P O R T S E A

$1.2MH O U S E

$1MA P A R T M E N T

B Y R O N B A Y

$1.53MH O U S E

$792KA P A R T M E N T

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K E Y S N A P S H O T O F S U N S H I N E C O A S T T O U R I S M

13.5% increase from previous year. 19.6% increase from previous year. 14.4% increase from previous year.

10.7% increase from previous year. 23.2% increase from previous year.

19.9% increase from previous year.


9 million visitors to the Sunshine Coast including 60,000 international arrivals per year. This number will increase as the airport opens up.


Over 18 cruise ships dock in the Sunshine Coast yearly with each ship injecting over $250,000 into the local community and $4.5 million in economic activity per year.

T O T A L V I S I T O R S

I N T R A S T A T E V I S I T O R S

T O U R I S M

I N T E R N A T I O N A L V I S I T O R S

H O L I D A Y V I S I T O R S

I N T E R S T A T E V I S I T O R S T O T A L N I G H T S

I N T E R N A T I O N A L S P E N D

T O T A L S P E N D

T O U R I S M

I N T E R N A T I O N A L N I G H T S

325M

245M

193M

797K 1176M

$2.06B

231K $266M 286MSource: National Visitor Survey (produced by Tourism Research Australia) for the year to September 2016

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B E N E F I T S O F A N I N V E S T M E N T P R O P E R T Y O N T H E S U N S H I N E C O A S T

1Real estate, in the current challenging economic climate, is still one of the safest investment options.

2For downsizers or empty nesters, an investment into the Sunshine Coast could set up for future retirement providing steady rental returns and peace of mind when preparing to make the retirement leap.

3Properties across the Sunshine Coast are easy to rent out as there is currently a limited number of rental properties available. With the growth of local businesses, tourism, and government infrastructure spending, rental demand will increase and an investment property in the Sunshine Coast are expected to provide steady returns.


4Property prices within the Sunshine Coast and surrounding areas are predicted to soar over the next decade as Australians look to invest outside larger cities. With more Internet-based career options available today, people are choosing to work from home and are increasingly less inclined to purchase within the ‘expensive inner city ring’.

5An investment in the Sunshine Coast has the potential to save thousands on family holidays. Having a holiday home to use at your leisure means you can enjoy a beach vacation with your family throughout the year, at one of the best seaside destinations in the world.

6The Sunshine Coast is still within close proximity to Brisbane and all its pleasures, just over an hour’s drive away.

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25°

W H Y I N V E S T I N N O O S A

N A T U R A L A T T R A C T I O N ST E M P E R A T U R E

V A C A N C Y R A T E SL I M I T E D S U P P L Y

L I M I T E D S U P P L Y

With year-round good weather and an annual average temperature of 25 degrees, Noosa is blessed with one of the highest sunshine ratings in the world.

Noosa is home to Queensland’s first Biosphere Reserve recognised by UNESCO in 2007.

Over 30% of the land has been protected and reserved for national parks.

14%Both permanent and short-term rentals enjoy vacancy rates of approximately 1.9% all year round.

There is high demand and limited supply in Noosa, with very little land left in the region to be developed.

Noosa was the top-performing property market in Queensland during the 2016/2017 financial year – recording median house price growth of more than 12% to $645, 000Source: https://www.realestate.com.au


According to Tourism Research Australia, Noosa experienced an increase across all major measures ( in the past year) including number of visitors, visitor nights and visitor spend.

T O U R I S M E C O N O M Y

T O U R I S M

T O T A L V I S I T O R S P E N D

I N T E R S T A T E V I S I T O R I N C R E A S E

T O T A L V I S I T O R S T O T A L N I G H T S

I N T E R N A T I O N A L S P E N D

$7167M

291%

22M 4M

80%20,000+

5.2% increase from the previous year.

Noosa saw an increase in key interstate markets (Melbourne and Sydney) of 29.1% compared to Queensland’s average of 9.2%.

11% increase from the previous year. 15% increase from previous year.

80% of international tourism money spent on the Sunshine Coast is spent in Noosa.

The Noosa tourism and hospitality sector is one of the strongest throughout the entire Sunshine Coast, employing over 20,000 locals.

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R I C K Y S

N O O S A M A I N B E A C H

PA D S T O W S

V I L L A G E B I C Y C L E

N O O S A FA I RS H O P P I N G C E N T R E

S U N S H I N E B E A C HS TAT E S C H O O L

S U N S H I N E B E A C HS TAT E H I G H S C H O O L

G I R R AW E E N S P O R T S C O M P L E X

N O O S A A U S T R A L I AF O O T B A L L C L U B

S T T H O M A S M O R EP R I M A R Y S C H O O L

L A G U N A L O O KO U T

N O O S A N AT I O N A L PA R K

S U N S H I N E B E A C H


S U N S H I N E C O A S TA I R P O R T 2 5 M I N S

L A K E W E Y B A

S H A N E S TA N L E YFA R M E R ’ S M A R K E T S N O O S A H E A L T H C E N T R E

D E P O T C A F E

N O O S A F L O W

T H O M A S C O R N E R

N O O S A S U R F C L U B

S A I L S

L O C A L E

H A S T I N G S S T R E E T

E L C A P I TA N O

N O O S A B E A C H H O U S E

B I S T R O C

N O O S A S P R I N G S ( G O L F C O U R S E & S PA )

W H I S K Y B O Y

N O O S A A Q U AT I C C E N T R E

S U N R I S E S H O P P I N G C E N T R E

WA S A B I

W H Y I N V E S T I N N O O S A

On the northern tip of Queensland’s Sunshine Coast, Noosa was and still is, a much-loved holiday destination famed for its pristine beaches. Noosa has since evolved to become a world-class address, surrounded by national parks in the protected UNESCO Biosphere region. It is fast becoming the ultimate place to live, for those with discerning taste, and a heart for nature.


R I C K Y S

N O O S A M A I N B E A C H

PA D S T O W S

V I L L A G E B I C Y C L E

N O O S A FA I RS H O P P I N G C E N T R E

S U N S H I N E B E A C HS TAT E S C H O O L

S U N S H I N E B E A C HS TAT E H I G H S C H O O L

G I R R AW E E N S P O R T S C O M P L E X

N O O S A A U S T R A L I AF O O T B A L L C L U B

S T T H O M A S M O R EP R I M A R Y S C H O O L

L A G U N A L O O KO U T


S U N S H I N E B E A C H


S U N S H I N E C O A S TA I R P O R T 2 5 M I N S

L A K E W E Y B A

S H A N E S TA N L E YFA R M E R ’ S M A R K E T S N O O S A H E A LT H C E N T R E

D E P O T C A F E

N O O S A F L O W

T H O M A S C O R N E R

N O O S A S U R F C L U B

S A I L S

L O C A L E

H A S T I N G S S T R E E T

E L C A P I TA N O

N O O S A B E A C H H O U S E

B I S T R O C

N O O S A S P R I N G S ( G O L F C O U R S E & S PA )

W H I S K Y B O Y

N O O S A A Q U AT I C C E N T R E

S U N R I S E S H O P P I N G C E N T R E

WA S A B I

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Parkridge Noosa offers spectacular townhomes and apartments with extensive amenities. Each residence has been carefully designed by award-winning local architects Sparks and Blackburne Jackson and features the highest quality of finishes.

A R T I S T I M P R E S S I O N

1 71 6


2 M I N S

S U N S H I N E B E A C H9 M I N S

G O L F C O U R S E1 M I N

N O O S A M A I N B E A C H & H A S T I N G S S T R E E T

9 M I N S


L A S T O P P O R T U N I T Y T O B U Y N E W

V I E W S

A M E N I T Y

L O C A T I O N

C H O I C E

L U S H G R E E N E R Y

9MIN

5MIN

1MIN

R E A S O N S T O I N V E S T I N P A R K R I D G E

Parkridge is surrounded by national parks and Lake Weyba, with the famous Noosa Springs golf course is only 1 minute away.

Parkridge offers a choice of luxurious apartments and townhomes with a variety of floor plans to suit all buyer requirements.

Beautifully landscaped by the Conlon Group, the gardens and central parklands will pay homage to its subtropical location.

Parkridge will deliver resort-style amenities. The Parkridge Social Club, offers exclusive access to private event spaces for stylish entertaining, BBQ areas, its very own restaurant and a swimming pool.

Situated over 5 hectares is 24 individual blocks with between 2 and 13 apartments or town homes.

Making it the best value in Noosa.

Surrounded by UNESCO protected parklands, Parkridge offers views that will forever be yours. Residences outlook to either the Lake Weyba or over the Parkridge Social Club and the national park.

Parkridge is the last new development site in Noosa. With construction underway, this is an opportunity that may never come again.

C O N N E C T E D

S I Z EA V E R A G E P R I C E P E R S Q M

$5,899

to the Noosa Main Beach, vibrant Hastings Street and Sunshine Beach.

to Noosa Waters.

to Noosa Springs Golf Course.

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S U N S H I N E C O A S T S O U R C E S

invest.sunshinecoast.qld.gov.au/

www.experienceoz.com.au/en/weather-and-climate-sunshine-coast

www.sunshinecoastdaily.com.au/news/bernard-salt-tips-massive-growth-for-coast-populat/3154782/

Sunshine Coast Council. 2016. 160 Reasons why the Sunshine Coast is the smart place for business. [EBOOK]

www.sunshinecoast.qld.gov.au/Council/News-Centre/Coast-records-highest-ever-international-holiday-visitor-numbers-150317

www.sunshinecoastdaily.com.au/news/sunshine-plaza-expansion-to-create-thousands-of-jo/3094178/

www.sunshinecoastdaily.com.au/news/property-boom-prices-set-to-skyrocket/3051184/

lightrail.sunshinecoast.qld.gov.au/sunshine-coast-light-rail

http://www.qgso.qld.gov.au

https://www.propertyvalue.com.au/explore/sunshine%20coast-qld

N O O S A S O U R C E S

Noosa Heads Residential Market Assessment - Urbis

www.visitnoosa.com.au — Tourism Noosa Activity Report 2015-2016 & Tourism Noosa Global Market Strategy 2015-2017

https://www.realestate.com.au/neighbourhoods/noosa%20heads-4567-qld

http://www.sqmresearch.com.au

https://realestate.com.au/news/brisbane-house-prices-hit-new-record-high-in-unbeatable-market/?utm_source=The%20Courier%20Mail&utm_medium=email&utm_campaign=editorial&net_sub_uid=81272221

https://blog.realestateview.com.au/2017/01/rental-markets-tighten-throughout-queensland

P A R K R I D G E N O O S A . C O M

Disclaimer: This document has been prepared for the vendor, ALTUM. It may contain information, forecasts and estimates supplied by third parties or that relate to future events. ALTUM does not accept responsibility for any liability or action taken in reliance on the information, forecasts and estimates in this report. The information supplied by third parties has not been independently verified by ALTUM, but the source of the information has been disclosed. To the extent that the information, forecasts and estimates relates to future events, it is noted that circumstances may change for a variety of reasons and the relevant information,

forecasts, estimates and future events are not guaranteed. Prospective buyers should make their own enquiries and take appropriate investment, accounting, legal or taxation advice regarding their own circumstances before making any purchase, investment or other decision concerning Parkridge Noosa. Buyers are

advised to carefully review the sale contract, disclosure documents, plans and specifications before signing their sale contract.

investment guide · 2019-11-22 · palm beach $2.9m house $1.3m apartment sunshine coast $490k...

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