mosaic sunshine coast caloundra...3 mosaic property group has a long term strategy to invest...
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MOSAIC SUNSHINE COAST CALOUNDRA & KINGS BEACH
Transcript of mosaic sunshine coast caloundra...3 mosaic property group has a long term strategy to invest...
mosaic sunshine
coast caloundra &
kings beach
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3
mosaic property group has a long term
strategy to invest sustainably in the sunshine coast
brisbane
sunshine coast located approximately 90km north of
the brisbane cbd or 1 hour 15 minutes’
drive on the sunshine coast
Wider report data sources: sunshine coast council, sunshine coast daily, Forecast id, corelogic rpdata, aBs, Qld government statisticians oFFice
caloundra
Why the Sunshine Coast, Caloundra & Kings Beach and why now?
Strong Economic Vision
Regional “game changing” infrastructure projects
Strong forecast population growth
Increased employment opportunities
Strong fundamentals for residential property investment
caloundra & kings beach
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5 Introduction
6 MajorInfrastructureProjects&EmploymentGrowth
8 TheNextInvestmentHotspot
12 Existing&ForecastPopulationGrowth
13 DwellingApprovals,ResidentialSalesCycle&ApartmentResaleEvidence
16 ApartmentRental/InvestmentMarketDrivers
18 FutureApartmentSupply
19 CaloundraCentreMasterPlan
22 AccessAnExclusiveRangeofComplementaryServices
contents
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brisbane
kawanasippy downs maroochydore
caloundra
noosa
introduction the sunshine coast – caloundra
caloundra, located approximately 90km north of the Brisbane cBd or 1 hour 15 minutes’ drive, is the southernmost community on the sunshine coast.
WithitscloseproximitytoBrisbane,appealingbeachesandcoastallifestyle,CaloundrahaslonghadastrongaffiliationwithBrisbaneresidentsasaregularholidaydestination.
KingsBeachisthemainbeachatCaloundra;popularfornumerousreasonsincludingits25moceanpool,children’swaterplayground,SurfLifesavingClub,amphitheatreandsurroundingcafes.
ThepopularityofKingsBeachwasevidencedwhenitwasrecentlyawardedthecovetedtitleofQueensland’sbestbeachbySurfLifeSavingQueensland.Categoriesratedincludingpatrollingrates,coastalconditions,familyfriendliness,facilitiesandoverallcleanliness,makingthisasignificantachievementconsideringthenumberofhighqualitybeacheslocatedinQueensland.Toputthisinperspective,Noosa’sMainBeachonlyfinishedineighthposition.
OneofthekeyfundamentalsthatdifferentiatestheCaloundracoastalresidentialregionfromotherSunshineCoastregionsisthehillytopography,whichenablespropertyownerstoenjoyhighqualityviewsofthebeachesandGlassHouseMountains,forwhichtheregionishighlyrenowned.
CaloundraisfastbecomingoneoftheSunshineCoast’smostappealingregionsasthevastlevelofinfrastructureinvestmentcontinuestodrivethelocaleconomy.AddtothistheCityCentrerevitalisationplans,theprogramofculturaleventsandobviouslifestyleoptionsandyoucanunderstandwhy.
AmajorculturaleventhostedbyCaloundraistheCaloundraMusicFestival.ThisannualfestivalpresentsthebestoftheAustralianmusicindustryaswellasfamousinternationalartists.
OthernewhospitalityandcreativebusinessventuresarealsostartingtoemergeintheCaloundracentralareathroughlanewayprojectswhicharebringinganurbanculturetypicallyassociatedwithMelbourneandSydneytothisappealingbeachsidelocation.
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maJor inFrastructure ProJects & emPloYment groWththe sunshine coast is set to benefit enormously from the number of large infrastructure investment projects that are planned or committed to.
ThescaleandgeographicallocationoftheseprojectssuggeststhatthegreatestbeneficiaryoftheresultanteconomicimpactislikelytobethesouthernendoftheSunshineCoastandCaloundraregion.
TherearealreadyvariousinfrastructureprojectscurrentlyunderwaythatwillstrengthenemploymentopportunitieswithintheCaloundraregion,bothnowandforthefuture.Theseprojectsaresummarisedasfollows:
$5 Billion aura Master Planned city | caloundra southOfficiallyunveiledbyStocklandinlate2015,thisnewcitywillbethesizeofGladstonewhenitiscompletedwithinthenext20years.Theprojectwillbehometomorethan50,000peopleandwillhavecreatedmorethan20,000newjobs.
$5 Billion oceanside Kawana develoPMent | Birtinya StocklandarealsodevelopingOceansideKawanaintoaworldclassdestinationwithamixofhousing,retailandbusinessuses.Oncompletiontheprojectisanticipatedtocreateapproximately1,200ongoingjobsandcontribute$828 millionannuallytothelocalandstateeconomy.
$1.8 Billion university PuBlic hosPital | Birtinya ThishospitalisdueforcompletioninApril2017andwillcontain738bedsandemploy6,000staffby2021.
$1.1 Billion Bruce highway uPgrade | sunshine coast TheBruceHighwaybetweenCaloundraRdandtheSunshineMotorwaywillbeupgradedfromfourtosixlanes,enablingthespeedlimittobeincreasedto110kmperhourandcreatingbetterconnectivityfromCaloundratoBrisbaneandthewiderSunshineCoast.Workisscheduledtocommenceinlate2016andforecasttobecompletedby2020.
$347 Million sunshine coast airPort exPansion | Marcoola WiththeEnvironmentalImpactStatement(EIS)nowapproved,thisprojectwilldelivermajoreconomicbenefitstotheregion.Theexpansionisforecasttocontribute$4.1 billioninGrossRegionalProducttotheeconomy,generate2,231jobsandsignificantlybenefitthetourismindustry.TheexistingairportwasalsorecentlyawardedasthefastestgrowingairportwithinAustralia,witha23.9%increaseinpassengersfortheyearendingFeb2016.
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$81 Million sunshine coast university uPgrade | siPPy downsAstheUniversityoftheSunshineCoastisoneofAustralia’sfastestgrowinguniversities,afurtherupgradetothecampuswasrequiredandcompletedin2015.Theuniversitynowhascloseto12,000studentenrolments.
draft caloundra centre Master Plan | caloundra InSeptember2016,theDraftCaloundraCentreMasterPlanwasreleasedwhichproposedsignificantredevelopmentoftheCaloundraCBDtocreateanewtownsquareandrejuvenatepublicspaceswithanaimtoattractprivateinvestmentinanewurbanvillagebuiltaroundCentralPark.Withinthemasterplanarea,SunshineCoastCouncil’sPopulationandEmploymentAssessmentforecaststhat3,200newjobswillbecreatedby2041predominatelyinthehealth,office,retailandeducationsectors.
committed to major infrastructure projects
around $15 billion
the sunshine coast has a clear vision via their 20 year economic blueprint to attract major investment
and create a high value, but sustainable economy, which represents a new era for this region
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the next investment hotsPotKey economic and market indicators, combined with a clear vision that the sunshine coast is poised to enter a growth phase, is attracting major investment and creating a high value but sustainable economy; the start of a whole new era.
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NewCBDtransformation[ Value ] $2.1 billion Employment:30,000EconomicBoost:$4.4billion
Runwayextension[ Value ] $347 million Employment:2,231EconomicBoost:$4.1billion
Upgradetomajorshoppingcentre[ Value ] $400 million Employment:5,200
Masterplannedcommunity[ Value ] $5 billion Employment:20,000Housing:50,000
Masterplannedcommunity[ Value ] $5 billion Employment:15,000EconomyBoost:$5.3billion
UpgradeofUniversitycampus[ Value ] $81 million Enrolment:12,000
Medicalhub,privateandpublichealthcarefacilities[ Value ] $1.8 billion Employment:9,500Beds:1,188
Masterplannedcommunity[ Value ] $4 billion Employment:10,000Housing:16,000
QLD’sfirstlarge-scalesolarfarm[ SaVingS ] $22 million inelectricitycosts
Masterplannedcommunity[ Value ] $22.5 million
cooluM
Pacific Paradise
Maroochydore
MooloolaBa
Kawana
caloundra
golden Beach
Pelican waters
‘gaMe changing’ infrastructure Projectssunshine coast solar farM
Upgradefromfourtosixlanes[ Value ] $1.1 billion Benefit:speedincreaseto110kph
Bruce highway
Knowledge hill
harMony PalMview
sunshine coast airPort
sunshine Plaza redeveloPMent
Maroochydore city centre
sunshine coast university
oceanside Kawana
sunshine coast university hosPital
aura caloundra south
Activelifestyleandtourismhub[ Value ] $400 million Employment:2,000EconomyBoost:$260million
glenview water theMe ParK
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university of sunshine coast
clear vision
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maroochydore sunshine plaza
sunshine coast university hospital
sunshine coast stadium
KaWana Waters marina
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existing & Forecast PoPulation groWth
the slowdown in population growth that occurred post the global financial crisis (gfc) for the wider sunshine coast and the caloundra region has certainly turned a corner, as the sunshine coast becomes not only a great lifestyle destination but a reliable economy that generates jobs and economic benefits for its residents.
Chart1highlightsthatthetotalpopulationoftheCaloundraRegionincreasedby4.08%,orby1,118personsperannum,overthe20-yearperiodfrom1991to2011.BasedonmediumseriespopulationprojectionsfromtheQLDGovernment,thepopulationisforecasttoincreasebyafurther4.13%perannum,orby2,830perannumoverthetwenty-yearperiodfrom2016to2036.
ThestrongforecastpopulationgrowthwillbedrivenbykeyfactorsincludingincreasedemploymentopportunitiesgeneratedthroughmajorinfrastructureprojectstobedeliveredintheCaloundraregion,betteraffordabilityrelativetosouthernstateslikeSydneyandMelbourneandimpressivelifestyledrivers.
ThisincreasedpopulationforecastfortheCaloundraregioncoincideswiththewiderSunshineCoasteconomyenteringintoaneweraofgrowth.AkeybeneficiaryfromthisgrowthwillbethelocalresidentialpropertymarketinCaloundrathatisextremelywellpositionedtocapitalisefromtheincreasedfuturedemand.
Source: QLD Government Statisticians Office, ABSCaloundra Region includes the following SA2 geographies: Caloundra - Kings Beach, Caloundra West, Golden Beach - Pelican Waters and Moffat Beach - Battery Hill
1991
1996
2006
2001
0
20,000
40,000
60,000
80,000
100,000
120,000
2011
2016
2021
2026
2031
2036
existing
CHART1
102,029
87,715
69,406
56,990
45,430
40,606
32,644
24,641
20,944
18,248
Forecast
existing & Forecast population
groWth
strong forecast population growth will drive future residential
demand
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dWelling aPProvals, residential sales cYcle & aPartment resale evidence
dwelling approvals act as a key lead indicator and are demonstrating a high level of confidence towards the residential sector of the property market.
Chart2indicatesthatresidentialdwellingapprovalshaveconsistentlyincreasedintheCaloundraregionsinceFY11/12.ThisupliftindwellingapprovalactivitybodeswellforthecurrentandfutureperformanceoftheCaloundraRegionresidentialpropertymarket.
Source: QLD Government Statisticians Office, ABSCaloundra Region includes the following SA2 geographies: Caloundra - Kings Beach, Caloundra West, Golden Beach - Pelican Waters and Moffat Beach - Battery Hill
Fy14/15Fy13/140
200
400
600
800
1,000
Fy15/16
detached houses
CHART2
765704
380281
145attached dWellings
residential dWelling approvals
Fy12/13Fy11/12
58
137
130114
residential approval, sales
activity and prices are increasing;
thus demonstrating a strengthening
level of investment confidence
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Charts3and4highlightthatsalesvolumesandpricesfordetachedhousesandattacheddwellings(apartmentsandtownhouses)locatedintheCaloundraRegionhavebothtrendedupwardspostthemarkettroughexperiencedinFY11/12.
ItisimportanttonotethatthesalesvolumesforFY15/16maybeincompletegivenoutstandingsettlementdatastilltobeupdated,andconsequentlythesalesvolumesforthisyeararelikelyunderstated.Despitethisstatisticalconsideration,thechartsclearlyshowthatsalesvolumeshavestartedtotrendupwardsagainfollowingtheGFC,demonstratingarenewedconfidenceintheCaloundraRegion’sresidentialpropertymarket.
ThedetachedhousingmarketmedianpriceintheCaloundraRegioniscurrentlyaround$544,000whichrepresentspricegrowthof17.7%fromFY11/12.Incomparison,theattacheddwellingmarkethasdemonstratedpricegrowthof11.6%fromFY11/12indicatingitmaycurrentlybeunder-valuedandlaggingbehindthedetachedhousingmarketfromacyclicalperspective.
Thistrend,aswellasstrongeconomicfundamentalsandanunprecedentedspendoninfrastructureprojectsonthesouthernendoftheSunshineCoast,arekeyfactorsthatwillhelpapartmentstoperformstronglyintheCaloundraRegion.
dWelling aPProvals, residential sales cYcle & aPartment resale evidencecont.
Source: PriceFinderCaloundra Region includes the following SA2 geographies: Caloundra - Kings Beach, Caloundra West, Golden Beach - Pelican Waters and Moffat Beach - Battery Hill
$350,000
$400,000
$450,000
$500,000
$550,000
$600,000
detached house sales (rhs)
CHART3
detached house median price (lhs)
detached housing sales cycle
200
300
400
500
600
700
299
Fy14/15Fy13/14 Fy15/16Fy12/13Fy11/12Fy10/11
334
414
546
653
585
$497,977
$543,622
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Source: PriceFinderCaloundra Region includes the following SA2 geographies: Caloundra - Kings Beach, Caloundra West, Golden Beach - Pelican Waters and Moffat Beach - Battery Hill
$320,000
$340,000
$360,000
$380,000
$400,000
attached product sales (rhs)
CHART4
attached product median price (lhs)
attached dWellings
sales cycle
300
400
500
600
700
421
Fy14/15Fy13/14 Fy15/16Fy12/13Fy11/12Fy10/11
423443
560
615566
$362,425
$385,595
AnanalysisofapartmentslocatedintheCaloundraandKingsBeachmarketthatwereresoldduring2015/2016providessomeinterestinginsightsregardingspecificprojectandproductperformance.ThisresaleanalysisconfirmsthatstrongvalueuplifthasbeenachievedforapartmentproductlocatedontheridgelinewhichallowsuninterruptednorthandnortheastviewsofCaloundra’simpressivebeaches.
Table1substantiatesthisinsightgiventhatthe6apartmentsidentifiedresoldforanaveragetotalvalueincreaseof$172,500,oranaverageannualincrease$38,118.Itisalsoimportanttoconsiderthattheseapartmentswereheldforanaveragetimeperiodof7.3years.ThisfurtherhighlightstheimpressivegrowthachieveduponresalegiventhechallengesassociatedwiththepropertycycleoverthepostGFCperiod.
Therecentstrengthoftheresalemarketalsohighlightsthatexistingqualityapartmentstockisundersupplied,whichfurtherreflectsthebeliefthenextgrowthphaseoftheCaloundraandKingsBeachapartmentcycleisonlynowstartingtocommence.
caloundra & Kings Beach – recent apartment resale
activity
proJect location initial price resale price value increase years held annual groWthcirrus 18/39 canBerra tce $515,000 $765,000 $250,000 6.5 $38,653Windsong 39/34 canBerra tce $1,200,000 $1,400,000 $200,000 1.6 $122,896canBerra heights 9/35 canBerra tce $195,000 $380,000 $185,000 13.6 $13,554
linea 4/34 Queen st $465,000 $525,000 $60,000 3.5 $17,190oBservatory 604/4 Queen st $700,000 $865,000 $165,000 9.4 $17,630sKy gardens 16/32 saltair st $700,000 $875,000 $175,000 9.3 $18,803average $629,197 $801,667 $172,500 7.3 $38,118
Source: PriceFinder
TABLE1
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aPartment rental / investment market drivers
Chart5indicatesthattheCaloundraCoastalRegionrentalmarkethasperformedstronglyoverthepasttwoyears,withimpressiverentalgrowthachievedfortwobedroomapartments(7.9%)andthreebedroomapartments(12.2%).
CHART5
Source: Residential Tenancies Authority Caloundra Coastal Region includes the following suburbs that form postcode 4551: Aroona, Battery Hill, Caloundra, Currimundi, Diamond Head, Dicky Beach, Golden Beach, Kings Beach, Little Mountain, Meridan Plains, Moffat Beach, Pelican Waters, Shelly Beach
$280
$320
$360
$400
$440
June Qtr 14 (lhs)
caloundra coastal
region – Key apartment product rental groWth
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
$315
3 Bed apartment2 Bed apartment
$340
$370
$415
7.9%
12.2%
June Qtr 16 (lhs)
% groWth (rhs)
rental market conditions are extremely appealing; especially vacancy rates
demonstrating full occupancy
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Chart6providesfurtherevidenceregardingthestrengthoftheCaloundraCoastalRegionrentalmarketwithresidentialvacancyratesdecreasingfrom5.3%inJune2011tojust1.0%inJune2016.ThiscurrentresidentialvacancyraterepresentsfulloccupancyfortheCaloundraCoastalRegion,whichhasoutperformedthewiderSunshineCoastrentalmarketoverrecentyears.
Source: PriceFinderCaloundra Region includes the following SA2 geographies: Caloundra - Kings Beach, Caloundra West, Golden Beach - Pelican Waters and Moffat Beach - Battery Hill
0.0%
1.0%
2.0%
3.0%
4.0%
Wider sunshine coast statistical division
CHART6
Wider sunshine coast vs. caloundra
coastal region - residential
vacancy rate trends comparison
4.9%
June 2011
Table2highlightsrentalperformanceforspecificapartmentslocatedintheCaloundraandKingsBeachmarket.Thisprovidesevidencethatstrongrentalvaluesarebeingachievedinthismarket,particularlyforhigherqualityproductlocatedontheridgelineoverlookingCaloundra’simpressivebeaches.
ThestrengthoftheserentalmarketindicatorsprovidesevidencethattheCaloundraandKingsBeachmarkethaspotentiallybeenundersuppliedwithhigherqualityresidentialdwellings,likenewapartmentprojects,andconsequentlyrepresentsastronginvestmentopportunityinthefuturefortherighttypeofresidentialproduct.
proJect location Bed Bath car asKing / executed WeeKly rental value
un-Furnished or Furnished
tangemeer 6/9 dingle ave 2 1 2 $479 un-FurnishedrumBa 303/10 leeding tce 2 2 1 $500 FurnishedrumBa 317/10 leeding tce 2 2 2 $595 Furnished
rolling surF resort 64/8 levuKa ave 2 2 1 $600 Furnishedaspect 2101/80 loWer gay tce 2 2 2 $680 Furnishedmahia rise 12/21-23 mahia tce 3 2 1 $650 un-FurnishedrumBa 418/10 leeding tce 3 2 2 $680 FurnishedsKy gardens 17/32 saltair st 3 2 2 $685 Furnishedpinnacles caloundra 91/40-44 canBerra tce 3 2 1 $700 un-Furnished
Source: PriceFinder, Realestate.com.au
5.0%
6.0%
caloundra coastal region
5.3%
3.3%
2.4% 2.1%1.4% 1.1% 0.9%
1.5% 1.2% 1.4%1.0%
June 2012 June 2013 June 2014 June 2015 June 2016
caloundra & Kings Beach – recent apartment rental
activityTABLE2
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Future aPartment suPPlY
despite evidence of strong demand and an undersupply of existing new apartment stock, the following table highlights that future attached product (apartments and town houses) supply for caloundra and Kings Beach currently remains low.
Atotalofonly295apartmentsandtownhousesarecurrentlybeingdeliveredtomarket,orproposedforthefuture,inCaloundraandKingsBeach.Thisfuturesupplycanbefurthersegmentedwith118dwellings(40%)currentlysellingorpreparingformarket,92dwellings(31%)withapossibilityofbeingdevelopedand85apartments(29%)deferredwithnocommencementdatecurrentlyplanned.
ThisconstrainedexistingandfuturesupplyenvironmentfurthersubstantiatesthestrengthofthecurrentopportunityforqualityapartmentproductinCaloundraandKingsBeach.
caloundra & Kings Beach – current & Future
apartment / toWn house
supply
proJect location dWellings status proJect stagecyan - mosaic 21-23 canBerra tce 31 preparing For marKet development approval imminentmahia rise 21-23 mahia tce 16 selling completed product recently completedaQua vieW 29-31 canBerra tce 31 selling oFF the plan under construction
ocean verge 27 verney st 40 selling oFF the plan development approvalmaltman street 25-31 maltman st 65 possiBle development approvalcooma tce 2 4 cooma tce 12 possiBle development approvalmilvia on Kings 11 arthur st 9 possiBle development approvalupper gay toWn houses 14-16 upper gay tce 6 possiBle under applicationcanBerra tce 6 canBerra tce 36 deFerred under applicationdingle avenue 5 dingle ave 30 deFerred development approvalverney street 43 verney st 11 deFerred development approvalcooma tce 1 3 cooma tce 8 deFerred development approval
TABLE3
limited new supply + tight rental market conditions
(strong demand) = great market opportunity
Source: Cordells, CoreLogic RP Data
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caloundra centre master Plan
in september 2016, the draft caloundra centre Master Plan was released for review and public comment. under this plan, caloundra will be rebuilt to accommodate a new cBd with the redevelopment creating a new town square and rejuvenating public spaces with an aim to attracting private investment in a new urban village built around central Park.
WithintheproposedMasterPlanarea,SunshineCoastCouncil’sPopulationandEmploymentAssessmentforecaststhat3,200newjobswillbecreatedby2041predominatelyinthehealth,office,retailandeducationsectors.
ItiscriticaltonotethattheMasterPlanalsocontainsadetailedactionplanwhichisimperativeassuchaplatformwilldrivetheactualdeliveryandexecutionoftheplaninitiatives.Thisactionplanidentifiesthat40keyinitiativesaretobedeliveredduringtheshort-term(0-5years),mediumterm(5-10years)andlong-term(10+years).
Theultimateaimoftheseinitiativesistocreategreaterbusinessvibrancy,improvetransportandinfrastructureconnections,activateattractivegreenspacesforsportandrecreationpurposesandencouragefurthertourismactivity.
Abriefoverviewofthepriorityprojects/initiativessetoutintheMasterPlanisincludedbelow:
Town Square Redevelopment
ThiswillincludetheredevelopmentofCouncilownedsitestocreatenewcommunityfacilitiesandencouragemixedusedevelopment.ThesefacilitieswillbelinkedtoBulcockStreettostrengthenthecentre.
Road Improvements
TheStateGovernmenthascommittedtotheconstructionoftheArthurStreetintersectionandtheQueensStreetrampstoimproveaccessintoCaloundrafromBrisbaneandothersectionsoftheSunshineCoast.
New Gateway
ThiswillinvolvereconstructingtheBowmanRoad/BulcockStreetintersectiontocreateanewgatewayintoBulcockStreetwhichwillmaketheentrancetothiskeystreetmoreappealingandenticingforbothvisitorsandbusiness.
Bulcock Street
Encouragingmixedusedevelopmentalongthisstripwilldeliverahigherqualityofretailamenityandspecificdevelopmentslikeanew,highstandardhotel.
Otranto Avenue
OtrantoAvenuewillberedevelopedasastreetparkthatlinksthenewtownsquare,BulcockStreetandBulcockBeach,withakeyfocusfornewbusinessesactivities,cafes,eventsandactivities.
Light Rail Concept
SunshineCoastCounciliscurrentlyinvestigatingapotentialprioritytransitcorridor(lightrail)connectionfromMaroochydoretoCaloundra.
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community and creative
huB toWn sQuare
Source: Sunshine Coast Council and Sunshine Coast Daily
concept vieW along otranto ave
Source: Sunshine Coast Council and Sunshine Coast Daily
Map 1 represents a high level overview of the caloundra centre Master Plan area and proposed redevelopment initiatives. also indicated on the map is Mosaic’s first boutique apartment project, cyan, located on canberra terrace in Kings Beach.
CyancouldbeconsideredtobeperfectlypositionedgivenitislocatedwithincloseproximitytotheCaloundraCentreMasterPlanarea,withtheabilitytoleveragethenumerousbenefitsandamenityimprovements,whilstalsobeingclosetothehighlyregardedKingsBeach.
IncontextofCyanandtheCaloundraCentreMasterPlan,itisimportanttonotethatmanywiseeconomistsandinvestorswilloftenrefertoconceptslikemaximisingthe“effortlessadvantage”orlookingtocapture“valueuplift”whenitcomestopropertyinvestmentanddevelopment.
Simplistically,theseconceptsrefertoaprocesswherebytheresultantvaluesgeneratedfromimprovementsininfrastructure,likeanewtransportnetwork,arecapitalisedintosurroundinglandvalues.
Maximisingsuchopportunitiesisappealingandoftenreferredtoas“effortless”,asprivatelandownersgenerallybecomethegreatestbeneficiaries,oftenunearned,frompublicsectorinvestmentintoinfrastructureimprovements.
ThisisakeyfactorastowhyCaloundra,KingsBeachandtheSunshineCoastingeneralcurrentlyrepresentsuchanappealingopportunityforprivateinvestment,giventhestrongvisionforthefutureandacommitmenttoinvestincriticalpublicinfrastructurethatwillcontinuetoimprove,transformandencouragegrowthintheregion.
ForfurtherdetailedinformationontheCaloundraCentreMasterPlanpleaserefertothefollowingweblink:
https://www.sunshinecoast.qld.gov.au/Living-and-Community/Community-Engagement/2016/Caloundra-Centre-Master-Plan
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destination centre
precinct plan & mosaic’s
cyan proJect location
MAP1
DRAFT Caloundra Centre Master Plan | September 2016 19D
raft
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raft
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estin
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t K
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onne
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n
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way
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nect
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ferr
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l Rou
te fo
r Fur
ther
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stig
atio
n
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l Int
erse
ctio
n U
pgra
de
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entia
l cer
emon
y lo
catio
n
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pose
d To
wn
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are
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pose
d ne
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ad a
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s
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ark
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tre
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Source: Sunshine Coast Council and Sunshine Coast Daily
22
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