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Sunshine Coast

Noosa becomes unexpected hotspot for schoolies

Noosa Hotspot

Despite the state government officially banning end-of-year celebrations due to the COVID-19 pandemic, schoolies support organisation Red Frogs expects up to 5,000 teenagers to converge on the Sunshine Coast from late November, with many of them headed for the Noosa region.

Archers the Strata Professionals partner Grant Mifsud said that while traditional schoolies destinations such as the Gold Coast are expecting less activity this year, a different story is emerging on the Sunshine Coast.

“We have had reports from resort managers of a flood of bookings for the designated Queensland schoolies week between November 21 and 28.”

“One resort which normally would be at less than 40 per cent capacity at that time of year is almost booked out by mostly teenagers from Brisbane who will be celebrating the end of school,” Mr Mifsud said.

Despite the state government officially banning end-of-year celebrations due to the COVID-19 pandemic, schoolies support organisation Red Frogs expects up to 5,000 teenagers to converge on the Sunshine Coast from late November, with many of them headed for the Noosa region.

Archers the Strata Professionals partner Grant Mifsud said that while traditional schoolies destinations such as the Gold Coast are expecting less activity this year, a different story is emerging on the Sunshine Coast.

“We have had reports from resort managers of a flood of bookings for the designated Queensland schoolies week between November 21 and 28.”

“One resort which normally would be at less than 40 per cent capacity at that time of year is almost booked out by mostly teenagers from Brisbane who will be celebrating the end of school,” Mr Mifsud said.

“Parents seem to be keen for their children to celebrate schoolies in Noosa rather than the Gold Coast, and they are undeterred by increased prices and having to pay a $1,000 bond for each room,” he said.

Resort managers are employing security guards for the week and offering Red Frogs volunteers free accommodation to assist in ensuring the safety of young people, along with the Queensland Police Service and surf lifesaving officials.

Another challenge for resort managers will be to ensure COVID-safe planning requirements are met, according to Mr Mifsud.

Apart from resorts, Airbnb short-term rentals also saw high demand from teenagers travelling to the Noosa region during schoolies week.

To ensure school leavers behave responsibly during their apartment stays and to avoid incidents, Mr Mifsud encourages building management to adopt the following ‘house rules’ for the duration of schoolies:

  • No glass bottles in the room or pool area (bag checks can be carried out by onsite security)
  • A maximum of two external guests permitted to a room at any time to restrict the potential for parties
  • Secure rooftops to prohibit skylarking and dangerous stunts
  • Zero tolerance policy for misbehaviour on apartment balconies
  • Noise must be kept to a minimum
  • Dangerous behaviour will be dealt with by police.

 

The post “Noosa becomes unexpected hotspot for schoolies” by Bianca Dabu appeared first on the smartpropertyinvestment.com.au Blog

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Residential

Renters in Sunshine Coast struggling as demand soars for properties leaving vulnerable tenants out

Renters in Sunshine Coast

A Sunshine Coast property management firm says people looking for rentals in the region are getting desperate, with up to 70 people registering their interest when a new property comes onto the market.

The rental vacancy rate on the Sunshine Coast is currently 0.5 per cent, in Noosa, it’s 0.6 per cent, while Gympie is even tighter at 0.4 per cent, according to data from the Real Estate Institute of Queensland.

Image Property director Joel Davis said he had never experienced rental demand like it in his career.

“I’m getting private messages from people that are asking to stretch a friendship in order to try to get a friend’s application processed or even looked at.”

Mr Davis, whose company manages hundreds of rental properties on the Sunshine Coast, said the problem was largely based on a shortage of stock, with less investors buying homes locally.

“I think that’s probably one of the biggest contributing factors,” he said.

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Sunshine Coast

Walker Strikes $2.5bn Sunshine Coast Development Deal

Sunshine Coast Development

Walker Corporation has padded out its pipeline with an agreement to deliver $2.5 billion in development planned for the Maroochydore’s new CBD on the Sunshine Coast.

The landmark agreement between the Sunshine Coast Council, SunCentral, and Walker Corp will see the Sydney-based developer capture the exclusive rights to market and develop the remaining land at the 53-hectare site.

The site, which was declared a priority development area by the Queensland government in 2013, has since been cleared with a number of developments underway.

The core commercial precinct in the city’s center will include a number of commercial office buildings, retail space, apartment buildings, and a hotel, as well as a new waterway, parks, and plazas,

The total redevelopment is projected to deliver upwards of 160,000sq m of commercial and retail space as well as 4,000 residential apartments over the next 15 to 20 years.

Walker Corp’s investment in the city center will commence immediately and will likely be placed into a number of residential, commercial, retail, civic, and community development projects.

Sunshine Coast Development

The Sunshine Coast is one of Australia’s fastest-developing economies and is expected to expand from $17 billion to $33 billion by 2033.

The developer’s short to mid-term focus has been firmly on large commercial projects such as its $3.2 billion Parramatta Square precinct in Sydney’s West, along with completing 30,000 greenfield low-rise house-and-land developments across Australia, including in NSW and Victoria.

Under its newly-established development agreement, Walker Corp will have exclusive rights to market and develop most of the remaining land consistent with the delivery of the city centre vision.

“Our capital cities will continue to be the economic powerhouse of our country, but our regional CBDs will be where much of the future growth happens,” Walker Corporation executive chairman Lang Walker said.

“This is a once-in-a-generation transformational project for one of the fastest-growing areas in the country.”

SunCentral chairman Dr Doug McTaggart said Walker Corp had been selected following a rigorous assessment and review of the expressions-of-interest submissions.

“To secure a large tier-one development firm with broad capabilities and a very strong balance sheet, along with experience working in conjunction with all levels of government, is a great benefit for the Sunshine Coast region.

“They bring to the project significant resources, capital and long-term partnerships with major blue-chip companies,” McTaggart said.

The planned city centre will be supported by other major infrastructure projects, including the Sunshine Coast airport expansion as well as a number of city-wide public transport infrastructure initiatives.

The international submarine broadband cable network that provides the fastest internet connection to Asia from the east coas and supercharged data connectivity to Sydney is now also complete.

The city centre’s inaugural building, Foundation Place, is set to be completed in September, with construction of the Habitat Development Group’s $83 million Market Lane Residences now also under way.

The new city hall will include council chambers, retail spaces and office accommodation for about 600 council staff when complete in 2022.

The 10-level, 21,500-square-metre building has a five-star NABERS and Green Star rating target and will be a regional A-grade commercial building.

The masterplanned project is expected to create more than 15,000 jobs over the life of the 20-year project.

 

The post “Walker Strikes $2.5bn Sunshine Coast Development Deal” by Ted Tabet appeared first on the theurbandeveloper.com Blog

 

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Market Place

Noosa riverfront sells for nearly $11 million

Noosa riverfront

The Noosa area has quietly clocked up its fourth $10 million-plus sale of 2020.

A Noosa Heads riverfront on Mossman Court, built just last year by local go-to building designer Paul Clout, has sold for $10.91 million.

It’s been bought by the little-known Karl Wenzel, the South African-born businessman who recently spent $5.28 million on Peppers Ruffles Lodge & Spa at Willow Vale in the Gold Coast hinterland.

The documentation had him give his address as his longtime Mosman home.

There’s little detail on Wenzel’s most recent purchase, secured off-market through Tom Offermann Real Estate agent Tom Offermann.

A swimming pool sits in a central courtyard, with the main kitchen, living and dining space opening out to the river, and a private sandy beach.

Clout designed the home after the 610 sqm riverfront property traded for $4.2 million in 2017, then an original four-bedroom home.

Mossman Court has been one of Noosa’s most expensive streets in the last few years.

There have been 10 house sales over the last 18 months, each selling for at least $4 million.

It’s the fourth property to sell for over $10 million in the Noosa LGA in 2020.

First, there was the Hastings Street penthouse secured by Elizabeth Ring, the cashed-up ex-wife of Swisse Vitamins billionaire Stephen Ring, for $14 million.

Then Therese Rein bought the Sunshine Beach home Pat Rafter built and in June another Noosa riverfront sold for $11.2 million to Hamell Retail founders Daniel Burke and wife Kylee.

Hamell successfully established main street retail precincts in areas undergoing urban renewal throughout the 90s.

 

The post “Noosa riverfront sells for nearly $11 million” by Joel Robinson appeared first on the propertyobserver.com.au Blog

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