Local, interstate and NZ buyers drawn to new Mooloolaba boutique apartment project
Mooloolaba on the Sunshine Coast has grabbed the attention of keen property buyers both locally, interstate and internationally. Buyers from Sydney, Melbourne and Auckland are particularly active, looking to cash in on high property values in their markets and buy a lifestyle property on the Sunshine Coast, to either move into straight away or in a few years’ time. Current demand levels have escalated due to the local regions rejuvenation and expansion and the promise of increased property values as a result.
Several major projects underway in Mooloolaba are set to completely revitalise the well-known tourist hotspot and transform the region into a world-class beach destination. Local Councillor, John Connolly recently revealed the Mooloolaba Foreshore project will create a vibrant parkland area where over 6200sqm of parkland will eventually offer a kiosk, outdoor gym, new amenities building, shaded picnic and barbeque, a modern adventure playground and spacious grassy areas, giving the region 40% more recreational and parkland than currently available. Meanwhile, after two years of negotiations Evans Long have purchased the Mooloolaba Wharf and have put wheels in motion for redevelopment set to cost upward of $100M in the coming years which will offer more dining, shopping and entertainment options for locals and tourists alike.
With the significant changes in the region, interest in local property has skyrocketed, with Mooloolaba real estate agents finding it hard to meet demand. Squire Development Group, a local family owned developer, recently announced the release of Allure Mooloolaba, an off the plan residential development boasting 32 architecturally designed 1, 2 and 3 bedroom apartments stylishly appointed over 7 floors and buyer enquiry levels have been strong since the project launch. Selling agent, Colliers International have noted that ‘Mooloolaba’ is a recognised location in the market, based on an influx of demand from active retirees and downsizers who are all drawn to the lifestyle benefits of the beachside location. The Sunshine Coast region in general is experiencing a major boom in terms of buyer demand levels and prices achieved with Mooloolaba being a standout performer in the last few months with further increases tipped for the near future.