Maroochydore

The Sunshine Coast market has performed as well anywhere in the country over the last five years.

Following a nation-wide decline in property values when the RBA started hiking rates, the Sunshine Coast has bounced back strongly, posting two per cent gains over the last three months, after seeing the market contract over 13 per cent.

But the upswing in values was so large, Sunshine Coast housing values are over 35 per cent, or around $239,000, higher than they were prior to the onset of COVID in March 2020, data&nbsp;exclusively commissioned from CoreLogic found.

CoreLogic Research Director Tim Lawless says it's yet to be seen whether the recent upswing can be sustained in the face of higher interest rates.

"Offsetting the downside effects of high interest rates and low sentiment is a persistently low number of listings," Lawless said.

"At the end of May, advertised supply levels were tracking 26.9 per cent below the previous five year average and one per cent lower than a year ago."

Lawless says the outlook remains strong for the Sunshine Coast property market.

"With interstate and internal migration rates expected to support demand across the region, the outlook for housing demand remains strong against a backdrop of reasonably tight housing supply.

"While we could see the pace of growth in housing values reduce, or even go backwards, if interest rates hold higher for longer, the medium to long term outlook for the Sunshine Coast remains positive."

The continued strong performance of Maroochydore, the Sunshine Coast CBD which has seen unit values jump over 40 per cent since 2018, paired with the relative affordability compared to Sydney, has Sydney-based investors not only window shopping, but going in the store and buying. And they're doing so in large numbers.

Sydney investors have made up&nbsp;nearly 50 per cent of all purchases in The Corso, the new two-tower development from prominent local builder developer Habitat Development Group.

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The development is only the second tower in the evolving Maroochdyore CBD, which is one of just a handful of greenfield CBD's in the world. In Layman's terms, the Sunshine Coast City Council are building the CBD from scratch, and therefore are able to effectively create a city built with more modern technology than other cities across the world. Think automated waste tunnels underground rather than rubbish trucks.

The multi-billion dollar investment is turning what was once a retirement town into a thriving city with a self-sustaining economy. Health related services and construction are the two biggest employers in the burgeoning region, whose economy now mirrors that of Adelaide

There's the internationally-designated airport which has been a huge drawcard for investment, as well as overseas population growth, aided by the award-winning Sunshine Coast University, who are making waves all over the world for their green environmental work. The university recently ranked among the world’s top two per cent of universities according to the Times Higher Education Rankings.

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The next step for Maroochydore is the public transport links, with a light rail under proposal to connect the housing precincts with the key employment hubs like&nbsp;the university, hospital, and the new CBD.&nbsp;Last year's budget proposed a $3.2 billion plan to connect Maroochydore to Brisbane by train, a commute of just over an hour.

The proposition of an affordable entry point compared to Sydney, paired with a significant infrastructure pipeline, have been the major drivers for Sydney investors.

Habitat Development Group's Sales Director Michael Schenk however says the buyers so far aren't a typical investor.

"They're also looking for an asset that they can use,"&nbsp;Schenk says.

"Nearly all of the purchasers have looked at the apartments long-term, with a view that they could capitalise on strong rental prices over the next decade, before moving into the apartment and either making a sea change or retiring."

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The Sunshine Coast is no different to the rest of the country with how tight rental markets are, Schenk says however it's not a new trend locally.

"The tight rental market in the Sunshine Coast isn't following the pattern of the other capital cities across the country.

"Across our portfolio for the last six years or so, vacancy rates have been well below one per cent.

"Maybe the recent crisis has brought it down closer to 0 per cent than one per cent, but the demand for rentals in the Sunshine Coast has been apparent for a number of years."

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A local leasing agency expect the two-bedroom apartments in The Corso to secure a tenant between $720 to $790 a week, depending on which floor plan and level the apartment sits.

Prices for the two-bedroom apartments start from $849,900, which would give an investor a rental yield of between 4.4 per cent and 4.8 per cent.

The agency also noted that, given the development is to be completed within the next year, investors could realistically factor in rental growth expectations between five and 10 per cent per annum on current prices.

Habitat are currently building The Corso, and are up to level seven of the build which is expected to be completed by July 2024.

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The development is only the second tower in the evolving Maroochdyore CBD, which is one of just a handful of greenfield CBD's in the world

Joel Robinson

Why Sydney investors are dominating in Maroochydore's The Corso development on the Sunshine Coast

The Sunshine Coast CBD Maroochydore is set for a rare boutique apartment development.

Dubbed The Paddington, at 21 Wright Street near Maroochydore Road and Duporth Avenue, will have just 10 apartments. There will be nine two-bedders and a one-bed apartment. Each apartment spans two levels.

It&#39;s a unique design by Sprout Architects, the local architecture firm founded by architect Anthony Robinson back in 2007.

&ldquo;A two-level unit as opposed to a single storey unit allows pushing and pulling of facade elements to create more character and greater setbacks between the property boundaries and the building,&rdquo; Robinson noted in the development application submission.

&ldquo;The two-level dwelling typologies are sympathetic to Australia&rsquo;s traditional terrace house character. As opposed to the redundant six pack developments of the 70s 80s 90s that contained single level, repetitive floor plates.&rdquo;

Robinson added that compared to traditional stacked single level developments, the two-level unit type will achieve a less bulky form, due to the void created in the balcony design. &nbsp;

The two-level design will also create a greener project, with residents given the opportunity to grow vertical plants up to 5.4 meters instead of 2.4 in traditional apartments.

&ldquo;This can be achieved via trellis or light weight vertical planting, such as bamboo on balconies,&rdquo; Robinson added.

The apartments follow an open plan design, with the dining area flowing to the kitchen at the centre of the floorplate, before leading to the living space which connects to the main balcony.

The second level of the apartments will home the bedrooms and bathroom, with the master-bedrooms featuring an ensuite, as well as an additional juliet balcony.

An outdoor communal space will be located on level one of the building, with the space featuring outdoor seating, gardens, a bar and barbecue areas.

Open space was a focus in the design of The Paddington, with Sprout plotting additional communal area on level three, with lounges, dining and barbecue facilities.

The built form is made up of concrete filled blocks with the lower levels taking on a lighter palette, before topping out in a dark, charcoal finish. Anodised Aluminium battens in flat bronze wrap the sides of the building, with the outdoor communal space a feature in the fa&ccedil;ade when viewed from the street.

It's a unique design by Sprout Architects, the local architecture firm founded by architect Anthony Robinson back in 2007

alisonwarters@gmail.com

First look: Maroochydore set for unique apartment development, The Paddington

Habitat Development Group has turned the first sod on their $129 million mixed-use project, The Corso, the group&rsquo;s second within the new Maroochydore CBD.

Habitat Development Group Director, Cleighton Clark said The Corso was expected to follow on from the success of the group&rsquo;s first Maroochydore CBD project, Market Lane Residences, which will soon see the first residents moving into their new apartments.

&ldquo;Market Lane Residences has been an overwhelming success. It&rsquo;s sold out and its popularity flowed through to The Corso with strong enquiry and a current sales rate that sits at around 65% already,&rdquo; he said.

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Designed by Sunshine Coast-based K Architecture, tower one comprises 116 apartments including five penthouses, while tower two will home 42 apartments and&nbsp;715 sqm of ground level retail.

Residents on the northern side will benefit from views toward the Maroochy River and Picnic Point and north-east to the Ocean, while residents on the southern side will overlook the Sunshine Coast Parade, the Corso, as well as the future waterways.

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The project features a large resort pool on the ground floor, as well as a 600 sqm communal terrace on the fourth level&nbsp;which connects the two towers. There is also a 130 sqm dining room adjoining the terrace for the exclusive use of residents.

Clark said around 380 people would be employed on the project and that Habitat would look to source as many trades and materials as possible locally.

&ldquo;We have a commitment to supporting local trades in all our projects as much as we can,&rdquo; he said.

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&ldquo;We were concerned the labour shortages might affect the project given its size, but despite the labour shortages in the construction sector, it&rsquo;s been really exciting to see how many local trades are interested in being involved in this new CBD project,&quot; Clark added.

&ldquo;That means we&rsquo;ll be able to resource the project without having to go outside the Sunshine Coast, which is great news for the local economy.&quot;

As the only residential apartment building within the new&nbsp;Maroochydore&nbsp;City Centre that&#39;s currently for sale, The Corso presents a rare opportunity, with future&nbsp;buyers&nbsp;within walking distance to renowned local hospitality operator, Tony Kelly&rsquo;s bustling eateries, Market Bistro and Giddy Geisha in the Foundation Place building on Market Lane.

Completion for The Corso is&nbsp;slated for mid-2024.

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Designed by Sunshine Coast-based K Architecture, tower one comprises 116 apartments including five penthouses, while tower two will home 42 apartments and 715 sqm of ground level retail.



Habitat Development Group commences construction at second Maroochydore CBD apartment project

The local Sunshine Coast developer&nbsp;Habitat&nbsp;Development Group has launched its latest Maroochydore, Sunshine Coast project.

The new $94 million development The Corso will bring 158 apartments to the heart of the growing Sunshine Coast hub at&nbsp;20 South Sea Islander Way.

Designed by Sunshine Coast-based K Architecture, tower one comprises 116 apartments including five penthouses, while tower two will home 42 apartments and&nbsp;715 sqm of ground level retail.

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The Corso is Habitat&rsquo;s second Maroochydore project, a rare opportunity as the only residential apartment building within the new Maroochydore City Centre that&#39;s currently for sale.

Following an open plan layout, the one, two and three-bedroom apartments feature stainless steel appliances, 40mm stone benchtops and kitchen islands, as well as floating vanities in the bathroom.

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Along with ocean and hinterland views from the apartments, residents will also benefit from extensive onsite amenity, which includes a&nbsp;large resort-style pool,&nbsp;integrated barbecue facilities, a vast private garden terrace and an exclusive resident&rsquo;s dining room and lounge. &nbsp;

Construction is expected to kick off in June, with completion slated for mid 2024.

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Habitat Development Group sales agent Conor Cochrane said they&#39;ve heard from every kind of buyer since the project launched.

&quot;The response from the market since launching has been phenomenal with an overwhelming number of enquiries resulting in sales across all product types from 1 bed units right through to Premier Penthouse Units at over $2 million,&quot; Cochrane said.

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&ldquo;We&rsquo;re excited to be commencing construction at The Corso in the comings weeks, further strengthening our commitment to the Sunshine Coast and supporting local trades and suppliers.

<h2>About the developer</h2>

Founded in 2005, Habitat is a leading Sunshine Coast- based property development company that specialises in the residential sector.

The group previously sold out&nbsp;their $83 million&nbsp;Maroochydore&nbsp;project Market Lane, with The Corso expected to follow suite. &nbsp;

The team are hoping to have development approval for their <a href="https://www.urban.com.au/news/qld/habitat-development-group-set-for-200-apartment-st-clair-apartments-in-birtinya-on-the-sunshine-coast">200-apartment St Claire development in Birtinya</a> in the next few months.

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The new $94 million development The Corso will bring 158 apartments to the heart of the growing Sunshine Coast hub at 20 South Sea Islander Way

Habitat Development Group launch The Corso apartments in the heart of Maroochydore

The Sunshine Coast developer, Cube Developments, has appointed National Construction Management to start building their luxury Maroochydore apartment development, Nature.

It will be NCM&#39;s third Cube build, following the now complete Curve Birtinya and the currently under construction Picasso apartment development in Mooloolaba.

Nature, located in the small waterfront suburb of Cotton Tree,&nbsp;was originally pinned for 13 opulent residences set over eight-storeys, but has dropped to 12 following a &lsquo;mega apartment&rsquo; amalgamation.

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To date, Nature by Cube has sold close to $39 million worth of apartments off-the-plan with all but one snapped up, including the sale of the enormous $7 million penthouse; a record price for the developer&rsquo;s portfolio.

Designed by Cottee Parker, Nature boasts a host&nbsp;resort-style amenities, including a 25-meter lap pool, gym, steam room and spa, yoga lawn, gardens, greenspaces and sun lounging areas - all programmed into a ground floor activity space.

Cube Development&rsquo;s Director Scott Juniper said it was a significant milestone to be starting construction, following the project&rsquo;s DA approval in July and the near sell-out success.

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&ldquo;Nature will be home to some of the most luxurious apartments the Sunshine Coast has seen and we believe NCM has the capabilities and track record to deliver on this, including the bespoke nature of these apartments following amalgamations and customisations.&rdquo;

Director at Cottee Parker, Sandra Browne, said the quality of architecture far exceeds what is offered in the surrounding market.

&ldquo;We wanted to deliver a product that stood out amongst the crowd in terms of amenity, as well as being of a higher architectural spec and with an unrivalled, premium aesthetic.

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&ldquo;The materiality of the building and the expansiveness of the open&nbsp;glass facade and viewing speaks to a quality of architecture that exceeds what is offered in the surrounding market,&rdquo; she said.

Construction on Nature by Cube is due to commence in the coming weeks and is scheduled to be complete by 2023.

One apartment remains for sale, priced from $3.5 million.

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Construction on Nature by Cube is due to commence in the coming weeks and is scheduled to be complete by 2023.



Cube to start building luxury Cotton Tree, Maroochydore apartment development, Nature

The Sunshine Coast developer Cube Developments have been given sign off by the local council for their boutique Cotton Tree, Maroochydore apartment development, Nature by Cube.

The 12 luxury apartments at 49 The Esplanade, on the&nbsp;Maroochydore coastline, has already seen huge buyer interest, with nearly half of the apartments already sold.

Nature is catering for pent up demand for luxury beachfront living since the mass northerly migration to the Sunshine Coast.

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2020 saw Queensland undergo its&nbsp; biggest population boom in 16 years, with 30,000 people relocating to the Sunshine State.

Scott Juniper, director of Cube Developments,&nbsp;said the Cottee-Parker designed project is attracting buyers wishing to maintain a high-end, highly connected lifestyle in a home that is on par to their Sydney and Melbourne residences.

&ldquo;There is a real upmarket quality to the area of Cotton Tree, and it&rsquo;s all on Nature&rsquo;s doorstep - from the parklands, aquatic centre, retail on one side, sports activity on the other - it&rsquo;s all a stone&rsquo;s throw away,&rdquo; Juniper said.

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Juniper told&nbsp;Cottee Parker Architects&nbsp;to deliver&nbsp;the best the Sunshine Coast has ever seen.&nbsp;

&ldquo;While remaining connected, the site itself maintains a high level of exclusivity and privacy, being less built up than other areas and with fewer neighbours.

&quot;Maroochydore is currently undergoing a large urban renewal process, with the development of the &lsquo;Maroochydore City Centre&rsquo; business precinct and $2.5 billion of private sector investment that will help to re-energize the area and develop a thriving and vibrant community.

&ldquo;This will all contribute to an enviable offering in this coastal pocket, further amplified by the Sunshine Coast airport, which will assist jetsetters even further as air travel opens up.

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&ldquo;With little more than a handful of residences left - certainly not enough to satisfy the demand we&rsquo;re seeing come through - we&rsquo;re seeing snap decisions made to avoid missing out,&rdquo; he said. Nature by Cube is priced from $2.95 million.&nbsp;

Cube are well known in the area for their quality developments. They&#39;re currently selling Seasons in Birtinya, a&nbsp;much more budget-conscious apartment development in&nbsp;Birtinya.

They&#39;re planning a boutique project at Bokarina Beach, located between Calounda and Mooloolaba and adjacent to&nbsp;Bokarina Beach.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/cube-developments-plan-boutique-apartment-development-at-bokarina-beach-sunshine-coast">Cube Developments plan boutique apartment development at Bokarina Beach, Sunshine Coast</a>

Cube Developments get green light for luxury Cotton Tree, Maroochydore apartments

Fresh off the back of two UDIA QLD Awards, the South East Queenslander developer Mosaic has secured yet another sell-out, before the project even hit the open market.

Their second Maroochydore&nbsp;development, LOrient, part of Mosaic&#39;s&nbsp;Masterpeice Series developments,&nbsp;lasted just a few weeks before selling, with prices starting from $2.75 million.

LOrient, named after the French port famous for its maritime history,&nbsp;netted the Sunshine Coast&#39;s most expensive apartment sale, with a 571 sqm apartment selling for $7.5 million.

It bettered the existing $6 million record,&nbsp;set at Avalon by Mosaic a few doors down. Avalon by Mosaic&nbsp;just won&nbsp;the&nbsp;High Density &ndash; 10 storeys or less award at UDIA QLD awards.

&quot;We are humbled by how receptive the market has been to our developments, which has resulted in our projects selling out in record time,&quot; Mosaic Property boss Brook Monahan told Urban.

<img alt="" height="521" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lorient.jpg" width="1200" />

&quot;We are working hard to bring launches forward to meet the robust ongoing demand for Mosaic product&nbsp;in highly sort after locations.&quot;

Mosaic had to drop the number of apartments in the eight-level building from 21 to 15, due to the interest in making the apartments even bigger than what was offered.

The boutique development, set on the Maroochy River at 90&nbsp;Duporth Avenue, had been set for 21 three-bedroom apartments. Now there will be just 12 three-bedders, two four-bedroom apartments, and one massive five-bedroom apartment.

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Level one will home the&nbsp;resident amenity, which includes a 60 sqm gym, a lap pool with spa, lounges, and a cabana.

Construction is now expected early next year, well ahead of schedule, due to the speed of the sales.

LOrient is the first apartment project on the Sunshine Coast designed by&nbsp;bureau^proberts.

&quot;The site at 90 Duporth Avenue connects an established avenue of apartments to the water&rsquo;s edge of the Maroochy River,&quot; the design statement by&nbsp;bureau^proberts read.

&quot;The architecture responds with sensitivity to its site, both natural and man-made, with apartments rising to eight&nbsp;storeys to contribute a scale that is consistent with its neighbourhood.&quot;

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There will be continued interest in the area from Mosaic heading in to 2022.

&quot;We remain very passionate about the Sunshine Coast which is undergoing such a dynamic evolution,&quot; Monahan said.

&quot;We are proud to have created a benchmark offerings, including Drift, Avalon, and now Lorient, amongst others, and look forward to continuing to lead the way for high-quality multi-residential development in the region.&quot;

Mosaic recently took out two awards at the UDIA QLD awards, both for its previous Sunshine Coast developments.

Drift by Mosaic, Coolum Beach&rsquo;s first new apartment development in 13 years, won the&nbsp;Medium Density Development award. Mosaic engaged extensively with the local community to deliver a responsive design, taking advantage of the sloping 4,161 sqm site.

The $104 million, Avalon by Mosaic apartment project, built on a historic pocket of land on the Maroochy River, won the&nbsp;High Density &ndash; 10 storeys or less award.

Mosaic had to drop the number of apartments in the eight-level building from 21 to 15, due to the interest in making the apartments even bigger than what was offered


Mosaic net sell-out of their latest boutique Maroochydore apartment development, LOrient

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Habitat Development Group has secured approval from Economic Development Queensland (EDQ) for a second project in the new Maroochydore CBD, buoyed by recent sales success at their $83 million Market Lane project.

The new $94 million development, the Corso Residences, will include two towers, one 15-storey tower offering 116 apartments, including five penthouses, and an eight-storey tower, comprising 42 apartments and 715sqm of retail space.

Designed by Sunshine Coast-based K Architecture, the project will include a large resort pool on the ground floor and a communal rooftop terrace on level four connecting the two towers.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_corso_residences_-_habitat_-_renders-page-008.jpg" rel="gallery-all" title="The Corso Residences, Maroochydore"><img alt="" class="image-article-full-width-580px" height="446" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the_corso_residences_-_habitat_-_renders-page-008.jpg?itok=tKQmxODb" title="The Corso Residences, Maroochydore" width="580"></a>

<figcaption>The Corso Residences, Maroochydore</figcaption></figure>“The recent sales rates at Market Lane have been very healthy and we expect to be sold out in March 2021, 12 months ahead of completion”, said Habitat Development Group director Cleighton Clark.

“The timing for the sales launch of the Corso Residences is scheduled for the second quarter of 2021 and we expect strong enquiry from those that may have missed out on our first project,” he said.

Two-bedroom apartments within Market Lane are listed from $430,900, and includes access to premium amenities, including a resort-style pool, landscaped open space and entertaining areas.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/marketlane.jpg" rel="gallery-all" title="Market Lane, Maroochydore"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/marketlane.jpg?itok=XIx94aoo" title="Market Lane, Maroochydore" width="580"></a>

<figcaption><a href="https://www.urban.com.au/new-apartments/market-lane-the-collection-mundoo-boulevard-maroochydore">Market Lane, Maroochydore</a></figcaption></figure><h2>Other luxury developments on the market in Queensland</h2>

Luxury developments are popping up all over Queensland, which has seen luxury markets thrive in Brisbane, Gold Coast and the Sunshine Coast as demand increases for residences with water views and luxury resort-style facilities.

1. <a href="https://www.urban.com.au/new-apartments/miles-residences-kirra-point-corner-miles-street-and-marine-paradise-kirra?last_source_news_article_id=89137&amp;ref=news_related_project">Miles Residences, Kirra Point</a> 
Address: Corner Miles Street and Marine Paradise, Kirra QLD 4225 
One-bedroom apartments from $545,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/miles-residences-kirra-point-corner-miles-street-and-marine-paradise-kirra-60739cd3988ed11fa9af2d1ab0dede76.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/miles-residences-kirra-point-corner-miles-street-and-marine-paradise-kirra-60739cd3988ed11fa9af2d1ab0dede76.jpg?itok=qc8QThjv" width="580"></a>

Situated on the north-facing Kirra Point, the KTQ Group’s Miles Residences offers 118 residences in one, two and three-bedroom configurations.

Designed by Woods Bagot, the project includes spacious apartments with a multi-purpose room and a suite of five-star amenities. Residents have access to bike and surfboard storage, resort-style pool and gym.

2. <a href="https://www.urban.com.au/new-apartments/chevron-one-36-44-stanhill-drive-surfers-paradise?last_source_news_article_id=89137&amp;ref=news_related_project">Chevron One, Surfers Paradise</a> 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
One-bedroom apartments from $480,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/chevron_one_bensons_pool2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/chevron_one_bensons_pool2.jpg?itok=TYpV6v5D" width="580"></a>

The 40-storey Chevron One offers 236 one, two and three-bedroom residences in the Gold Coast suburb of Surfers Paradise. Delivered by Bensons and designed by Marchese Partners, the project includes resort-style amenities, and exclusive ocean views.

Residents will have access to amenities, including an outdoor lagoon pool with floating cinema, an indoor pool and spa, a gym and a residents’ lounge.
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max.kwok_55688

EDQ approves second Maroochydore CBD site for Habitat

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A riverfront Maroochydore trophy apartment has been sold for $2.7 million, the highest sale this year in the town.

It was only on the market for a week with a $2.75 million asking price.

There are some 7000 units in the Sunshine Coast location.

Fronting the Maroochy River, the unit 701/14 Duporth Avenue, is location within the Platinum building.

The three-bedroom, three-bathroom home is within walking distance of the Maroochydore patrolled beach along with Cotton Tree Park.

Terri Liddell of G1 Property held the listing noting there was a "buzz about the Sunshine Coast region."

"There is now major infrastructure, including the new multi-billion dollar University Hospital, many tech hubs, and a new airport runway opening in 2020, which will be a game-changer offering direct international flights," she suggested. 

The property last sold for $2.31 million in 2015.

Last December unit 202 in the Platinum development sold for $1.8 million securing four-bedrooms and two-bathrooms.

An eighth floor apartment was listed this month asking $2,795,000.
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The apartment sold for a 2020 high $2.7 million

jchancellor

Riverfront Maroochydore apartment sets 2020 high

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<a href="https://www.urban.com.au/developers/pikos" target="_blank">Pikos Property Group</a> have lodged a minor change DA at <a href="https://www.urban.com.au/new-apartments/banyan-tree-residences-8-river-terrace-kangaroo-point" target="_blank">Banyan Tree Residences - 8 River Terrace, Kangaroo Point</a>.

The change includes a slight height increase from the previous approval, and 63 x 3 bed apartments across three buildings, rather than two. The new DA, designed by <a href="https://www.urban.com.au/architects/arkhefield" target="_blank">Arkhefield</a> also includes a rooftop bar and restaurant, with a glass lift providing views on the way up top. Situated on top of the <a href="https://www.urban.com.au/developments/kangaroo-point-qld" target="_blank">Kangaroo Point</a> cliffs, the western-facing apartments and rooftop would certainly offer excellent views of the river and CBD.

The development would also be widely seen due to its highly eminent location, and the new <a href="https://www.urban.com.au/architects/arkhefield">Arkhefield</a> design undoubtedly meets the high standard in which the prominent site demands.

<figure><img alt="" class="image-article_full_width_580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/0_1.jpg?itok=m9GQhdDz" title="Image: Built Brisbane LinkedIn" width="580"><figcaption>Image: Built Brisbane</figcaption></figure> 

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<a href="https://www.urban.com.au/developments/maroochydore-qld" target="_blank">Maroochydore</a> is set to become the business and employment hub of the <a href="https://www.urban.com.au/developments/sunshine-coast-qld" target="_blank">Sunshine Coast</a>, with the bold Maroochydore City Centre Development Scheme beginning early construction recently. The massive priority development area aims to create a new central business district for the Sunshine Coast through a masterplanned, 60 hectare space situated on council owned land and the former Horton Park Golf Club. 
As part of the masterplan Sunshine Coast Council are currently building a stunning new city hall, designed by <a href="https://www.urban.com.au/architects/cottee-parker-architects" target="_blank">Cottee Parker Architects</a>, and being built by <a href="https://www.urban.com.au/developers/mcnab-developments" target="_blank">McNab</a>. The new council headquarters will feature 10 floors totalling approximately 9,400sqm of GFA, a rooftop recreational area and 156 car parking spaces. The building is also targeting both a 5 star NABERS and Green Star rating as a model of sustainable design. 
Sunshine Coast Council aimed to incorporate natural elements in the building’s form, and take occupation of a landmark building with smart, creative and innovative design principles. It’s clear from the renders that <a href="https://www.urban.com.au/architects/cottee-parker-architects" target="_blank">Cottee Parker</a> have done an excellent job in delivering on these requests. 
Council is set to occupy their new city hall building in July 2022.

<figure><img alt="" class="image-article_full_width_580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/0-2_1.jpg?itok=AR3nAASd" title="Image: Built Brisbane LinkedIn" width="580"><figcaption>Image: Built Brisbane</figcaption></figure><figure><img alt="" class="image-article_full_width_580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/0-1_3.jpg?itok=xyqaOEG4" title="Image: Built Brisbane LinkedIn" width="580"><figcaption>Image: Built Brisbane</figcaption></figure> 

 

Stay up to date on either <a href="https://www.instagram.com/builtbrisbane/" target="_blank">Instagram</a> or <a href="https://www.linkedin.com/company/builtbrisbane/" target="_blank">LinkedIn</a>.
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Pikos Property Group have lodged a minor change DA at 8 River Terrace, Kangaroo Point; 
Maroochydore is set to become the business and employment hub of the Sunshine Coast, with the bold Maroochydore City Centre Development Scheme beginning early construction recently. 

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