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RESIDENTS set to become Street Surfers – Bokarina Beach Street names released.

With the excitement of Stockland’s Bokarina Beach project rising, the recent release of of the Bokarina Beach street names and embeds the area’s surfing culture into the project.

Mark Mahon senior development manager for Stockland said the street names were inspired by the area’s reputation as a prime spot for beach goers and a prime surf spot. The natural theme of Bokarina really has played a key role in street names such as Shred Lane, Quiver Street, Barrel Street & Cutback Court.

There has been a mixed response from locals, but overall the feedback has been positive. Council assessed and approved the names for each road in accordance with it’s strategic naming policy, with 3,000 new residents calling Bokarina Beach home.

Buyer demand is matching the developer’s expectations at the 20 hectare Bokarina Beach site, with 800 apartments and 300 houses housing all 3,000 new residents to the area it is expected that Bokarina Beach will be complete as of 2020.

Bokarina Beach’s new street names

  • Bokarina Boulevard
  • Bathers Lane
  • Barrel Street
  • Bikini Court
  • Bombora Drive
  • Cutback Court
  • Glassy Lane
  • Kombi Street
  • Offshore Street
  • Quiver Street
  • Riptide Street
  • Salty Street
  • Shred Lane
  • Skeg Lane
  • Singlefin Crescent
  • Switchfoot Street
  • Tailslide Crescent
  • Whitecap Court

$1.1-Million Pop Art Park Open on Birtinya Island

Florey Boulevard is now home to the new $1.1-Million Florey park, located across the lake from the Hospital Precinct. With the addition of four new table tennis tables which are each absolute works of art, their unique pop-art inspired designs were completed by local artists Steven Bordonaro and Merry Sparks.

Myself coming from a village in England where we only had dirt and sticks to play with, Florey park truly is designed to encourage locals to get outdoors and enjoy everything that Birtinya has to offer. The park also features superb waterfront walkways, handball courts, and a canoe access point along with barbecue, climbing rope equipment and a gorgeous picnic shelter.

Just around the corner – Sunny Park, on the corner of Prosperity Drive and Prime Parade, has three play areas and plenty of park equipment including a slide, swings, spinner and sand play area. Perfectly suited for a Sunday afternoon catch-up with friends, Sunny Park also provides a lovely barbecue are. Beach Park on the opposing corner of Prime Parade and Zeal Street, includes the pebble beach shores of Lake Kawana, perfectly suited for launching kayaks, play equipment, a barbecue and shelter, seating and bike racks.

It really is incredible to see why Oceanside Kawana truly does provide the highest possible standard of living for families, and proves this time and time again by providing these incredible projects.

RECORD BREAKING: Sunshine Coast Airport – Goes From Strength to Strength

As we are now well aware, the $225-Million expansion of the Sunshine Coast airport will be underway as of June 2017 according to the proposed timeline by the Sunshine Coast Council and executed by the John Holland Group.

However, records are already being broken with a significant increase in passenger numbers in the past three months, by servicing 310,000 visitors out the Sunshine Coast Airport.

In the 3 months leading up to March 2018 it was documented that 310,000 people were flying in and out of the Coast Airport, which was a 15% rise in foot traffic compared against the same period back in 2017.

To add to this, passenger numbers and airline capacity records were exceeded every month throughout the summer season. With such strong numbers, it cements the Sunshine Coast Airport as one of the fastest growing airports in Australia.

According to Sunshine Coast Airport CEO Peter Pallot, they have now experienced 33 months of consecutive month-on-month and year-on-year passenger growth.

During December the airport achieved more than 100,000 passengers, with an all-time record being set in January 2018 of 120,075 visitors, which was a 16% increase on the year before.

It is well known that with the expansion of the Sunshine Coast Airport acting as the gate keeper to Europe and South-East Asia, Visit Sunshine Coast CEO Simon Latchford said that there was massive potential to grow visitor numbers from Asia Pacific markets to the region.

“The latest International Visitor Survey showed that we recorded our largest ever international arrivals figure, with the Sunshine Coast attracting over 300,000 international visitors in the 2017 year,” Mr Latchford said.

He also went on to say that the diversity of attractions here on the Coast from the natural beauty and environment from the stunning beaches and rich Hinterland through to the world class-restaurants and tourist attractions. There is certainly capacity to grow the market significantly higher and this will certainly come into play with the expansion of the airport.

FAST FACTS

Sunshine Coast Airport was named Asia-Pacific Small Airport of the Year in the CAPA Asia Pacific Aviation Awards for Excellence in November 2017.

Summer Quarter Statistics (Dec, Jan, Feb)

Seats: 387,168 (15% year on year growth)

Passenger numbers: 310,535 (15% year on year growth)

December 2017 Statistics

Seats: 139,310 (15% year on year growth)

Passenger numbers: 109,722 (13% year on year growth)

January 2018 Statistics

Seats: 145,364 (16% year on year growth)

Passenger numbers: 120,075 (16% year on year growth)

February 2018 Statistics

Seats: 102,494 (14% year on year growth)

Passenger numbers: 80,738 (16% year on year growth)

Not All Sunshine & Rainbows

With such a rapid increase in property values locally here on the Sunshine Coast, it is important to place even more emphasis on further knowledge and research. As the Coast is fills with more and more people, we are going to need more knowledge of our local economy. Recent research from the National Cities Performance Framework Report, has indicated that the coast is the most expensive place to live in Australia relative to household incomes.

Being placed fourth amongst the fastest growing regions in the country, the demand for housing is at the highest it’s ever been. The report also showed that the Sunshine Coast was one of the most unaffordable region to live in when considering household income and rental expenses and even more expensive than Sydney and Melbourne.

Housing group Coast 2 Bay CEO Andrew Elvin said that more than 30 per cent of a household’s income would be put towards the rent or a mortgage, which ultimately results in rental street. Andrew also noted that the supply and demand is completely out of kilter at present, and is all a result of people coming to the Sunshine Coast looking to position themselves in one of the fastest growing regions in the country.

None the less, a major factor to consider in this tricky situation between supply and demand for housing on the Sunshine Coast is that very low rates of public and community housing places exist. Accordingly, the Coast holds roughly half the amount of availible community housing when compared to other regions in the nation, making it a difficult and timely process to acquire housing for many families and low income earners.

Ultimately we need to help ease the pressure and potentially solve this issue of rental stress and housing affordability, Andrew Elvin pointed out that the Federal Government need to encourage greater investment in housing across the Nation and not just in hot beds such as Sydney, Melbourne and the Sunshine Coast. The Aura development and Maroochydore CBD could help alleviate much of the stress, Coast 2 Bay also suggested that the local government could look to transfer the management of social housing to the non-government sector. In doing so this would enable third party payments and investment that would help alleviate the issues in the region.

Ultimately, people just want to call the Sunshine Coast their home, as do so many others flocking to the region in the very near future.

Newly Released Plans of Mooloolaba’s Brisbane Road, First Avenue Carpark Development Proposal.

Newly released details of Mooloolaba’s long awaited 700 new parking spaces will be carried out by the Sunshine Coast Council should a development application (DA) be submitted for the Brisbane Road carpark if it were approved approved.

As you can imagine constructing 700 car parks in Mooloolaba’s main parking zone, would create a significant amount of disruption to the area. Council are however working with developer Abacus Funds Management to prevent a huge loss of carpark bays during the proposed redevelopment.

In handling the process this way, It will ensure that if the development goes ahead. It can do so as a high priority and construction will not be delayed. The new application which was lodged late on Friday 8th December 2018 includes a full-line supermarket, shopping centre, hotel, bar, indoor sport and recreation complex and an aged care facility.

The redevelopment will also Hold about 1000 car spaces altogether, with 300 are attached to the residential component of the development. Council have said they hope construction will start in early February, however there are still some key decisions to be made, including the development application approval. None the less council are also continuing their work to widen Brisbane Road to further accommodate traffic flow in and out of Mooloolaba Beach.

The application of the Brisbane Road has been almost a 30 year project, and have recently come to fruition after lengthy negotiations with the developer. Most locals and investors are very aware that talks of a major development on the site have existed for decades.

However, with the rapid increase in population here on the Coast combined with the $500-Million airport expansion, which looks to bridge the gap between the Sunshine Coast and South-East Asia. Council are taking huge steps to ensure our local infrastructure is capable of supporting the increase in local foot traffic we are sure to see in the near future.

$10 million refurbishment of The Wharf precinct

The Wharf Mooloolaba was once known as the beating heart of Mooloolaba, with retail and tourism forming a large part of the Wharf had to offer. However, more recently following the changeover of ownership of The Mooloolaba Wharf early last year, it’s revitalisation continues. With construction, currently underway on two more restaurants the Wharf will once again be a part of the Sunshine Coast’s hottest new dining precinct.

The two new restaurants to be launched are by award-winning Queensland chef and restaurateur Tony Kelly, they will offer Asian street food as well as a “Hamptons-style” Fish and Chippery. The two new restaurants together with The new Dock Mooloolaba, a new 350-seat restaurant which is also under construction will support the rising levels of tourism we are seeing almost on a daily basis in Mooloolaba.

Further supporting the growth of The Wharf, The Mooloolaba Yacht Club have also recently opened a new, larger clubroom as part of revitalisation. The new 86 square meter clubroom will have views over the Mooloolah River, home to a very successful youth development program the club conduct races offshore and on the river every week.

With so much development coming to the area, the refurbishment of the Wharf aims to bring the community back to the precinct and once again be the beating heart for Mooloolaba tourism.

Birtinya – Groundbreaking Shopping Centre Proposal Submitted To Council

Just released is Stockland’s $5 billion Oceanside Kawana town centre development, with the shopping centre proposal being assessed by Sunshine Coast Council. The Birtinya shopping centre proposal and overall Kawana Waters Town Centre master plan, was amended to accommodate Stockland’s updated designs.

The 13,000 square metre shopping centre will include 40 stores as well as a number of indoor and outdoor dining options. The centre will include two supermarkets, with a number of late-night shopping options for stores as well as late-night restaurant dining being on the cards as well.

To add to already exciting development happening in the area, the centre will also be positioned right next to the future Caboolture to Maroochydore rail corridor. The centre will include a proposed railway station, bus stops, bike paths and pedestrian pathways which help support the infrastructure of the new town centre.

Stockland hope aim to commence building within the next three months, with the pending approvals to be in place over the next few weeks. It really is starting to show that Birtinya is making a name for itself not just for housing the Sunshine Coast University Hospital – but as a major destination for potential investors and home owners on a local and national level.

 

New kid on the block – Sunshine Coast making strides against the Gold Coast property market.

Recently experts have predicted that Sunshine Coast real estate prices will skyrocket on the back of rising infrastructure spending, industry growth, jobs and lifestyle. Analysis of region’s market over the past 12-months revealed 14 suburbs where housing achieved capital gains of 10 per cent or better, with Buddina, Forest Glen, Meridan Plains and Noosa Heads all breaking the 13 per cent barrier.

Hotspotting recently released their quarterly National Top 10 Best Buys report and named the Sunshine Coast as a real estate winner.

With a culmination of $20-billion being spent to develop infrastructure and other such projects. It’s really no wonder the Property research company chose the region as its National Growth Star in its most recent Price Predictor Index report which looks specifically at sale volumes across Australia.

With the Gold Coast starting to fade more recently, the Sunshine Coast continues to rise. Hotspotting founder, Terry Ryder, said there are opportunities from Caloundra to Noosa.

“There are more growth suburbs on the Sunshine Coast than any other local government area in Australia,”

“The Sunshine Coast is transitioning to a well-rounded regional economy and it is happening largely through infrastructure spending, some of which is creating new industries,” he said.

The Sunshine Coast University and the $2 billion University Hospital are some great examples of regional game changers.

With so much infrastructure bringing so many new people to the Sunshine Coast, of which plenty earning good money. It’s a great opportunity for the Sunshine Coast to enter into a league of its own.

The Kawana precinct between Maroochydore and Caloundra have seen a significant demand from both owner occupiers and tenants, as the airport expansions and Maroochydore CBD are underway.

BUDDINA — $750,000 — 18.9%
FOREST GLEN — $642,500 — 16.8%
MERIDAN PLAINS — $525,000 — 14.2%
NOOSA HEADS — $895,000 — 13.7%
WARANA — $650,000 — 12.9%
MOFFAT BEACH — $747,500 — 12.8%
MOOLOOLAH VALLEY — $510,000 — 12.7%
MARCOOLA — $585,000 — 12.5%
COOLUM BEACH — $625,000 — 12.2%
GOLDEN BEACH — $570,000 — 12.2%
COORAN — $397,000 — 11.8%
BATTERY HILL — $520,000 — 11.5%
DOONAN — $785,000 — 10.6%
SUNSHINE BEACH — $1,160,000 — 10.0%

*Only suburbs with 30 or more sales in the period
All data is to 12 months to July 2017
Source: CoreLogic Australia

Loan Fundamentals – How to get the best deal for less without using math

If you’re beginning to venture down the road to independence, chances are high you’ll have to take out a loan at some point. Did you go to college? You probably have student loans! Further down the road, you’ll encounter car loans and home mortgages at some point too. But, don’t fear. Loans don’t have to be scary. They’re not Sharknados or pizza rats. They’re just loans and they’re easy to understand when you break them down to their basic principles. Whichever loan you choose will be easy to payback if you do your homework.

INTEREST RATES

This is how lenders make their money. There are two types of interest rates: fixed rates and variable, or adjustable, rates. They’re called this because they change (yes, kind of like an adjustable hat).

  • Fixed rates — Fixed rates never change. If your fixed interest is at 5%, it will remain at 5% for the duration of the loan. These loans are preferable because you’ll likely know what you’re getting into from day one and there are no surprises like waking up to find your cat using your TV as scratching post. When taking out a student loan, or any major loan, look for low fixed rate loans. Popular student loan programs like Stafford and Perkins have low interest rates, and the government pays the interest on subsidized Stafford loans and Perkins loans while you’re in school.
  • Variable rates — Variable rates change over time and are based on a standard market rate. These can be enticing because the initial interest rates can be very low. Keep in mind that they will fluctuate and as a result, your payments will vary. Variable rates may be presented to you at a smaller percentage and then rise over time. In general, keep an eye out for predatory loans and move on from them quickly like a bad wine.1

SECURITY COMPONENT

Loans are considered secured or unsecured. One requires collateral before you borrow. The other does not.

  • Secured loans — A secured loan means you have guaranteed that your lender will be repaid no matter what. This usually means you’ve given your lender permission to take specific assets of yours if you default or stop paying. The lender can seize any collateral offered in the loan agreement to recoup their investment. Guarantees like this allow lenders to charge low interest rates.
  • Unsecured loans — Unsecured loans for the most part have higher interest rates than secured loans. Often, the lender requires that an additional person co-signs for unsecured loans, or vows to repay the loan if the borrower cannot (time to call Mom and Dad). Luckily, student loans are collateral-free while having low interest rates.2

Paying more than your monthly minimum will reduce how much you pay in interest.

LOAN TERMS

The term of a loan is the length of time the borrower has in which to pay the loan back. Typically, longer term loans consist of higher interest rates. Remember this best practice: loans typically can be paid back before they are due without a penalty (although some loans may have a pre payment penalty). That’s right, Ace! So, if you pay a little more back than is required every month you are winning because you’re saving money on interest.

Common reasons to take out a personal loan include:

  • Consolidating debt
  • Paying off credit cards
  • Covering medical bills
  • Saving to renovate a home or apartment
  • Buying a car

Being an adult sometimes requires taking out a loan to get ahead. It happens when you’re too old to ask your parents for everything you need. It’s also empowering to make a responsible choice. Avoid the pitfalls of accepting the first loan that’s offered to you. Shopping around is essential and pay attention to the fine print. Don’t overlook any terms, and avoid borrowing more than you can afford.

MORTGAGES

When you break down a loan and take a good look at it you’ll be able to make an informed decision. This is a great skill to instill in yourself as you climb the ladder of life and begin to weigh larger purchases, like buying a home.

When you’re looking to buy a home you’re going to need a mortgage. Mortgage rates are formulated with the same basic tenets outlined above. However, there are great tools at your disposal to find one. Use this Mortgage Calculator to determine the best fit for you within your budget.

KEYS TO FINDING A LOAN

  • Loans don’t have to be scary—calculate what you can afford
  • Pay more than your monthly minimum if you can
  • Read the fine print