It has been hard to miss the news of the Covid-induced exodus of city-dwellers to Australia’s regions.
What may be lesser known though, is that just an hour’s drive north of Brisbane, the Sunshine Coast has been an emerging economic powerhouse for years.
As a result of the exodus the region is now firmly in the spotlight as a destination for businesses to establish, relocate or expand to.
In a March 2020 report by Legion Property, analyst Yolanda Torres said “the Sunshine Coast market is one of the more affordable office markets compared to both state and interstate, with net face rents and capital values one of the most affordable on the east coast.”
“These lower real estate costs are a major factor in attracting businesses.”
Over the past 15 years, economic growth has outperformed almost every other regional economy, sparking a wave of new residential, commercial and industrial development.
The region is emerging as a key business hub, with lower commercial and industrial lease and land costs than the east coast capital cities.
With GDP forecast to more than double to $33 billion in 2033, economic growth is predicted to deliver 16,000 new jobs over the next five years.
Sunshine Coast’s $12.5bn infrastructure investment
- Sunshine Coast International Broadband Network.
- New international airport runway opened 2020.
- Australia’s only greenfield CBD under development.
- Southern hemisphere’s largest health precinct in a mature stage of development, including two new hospitals.
Sunshine Coast Council is actively encouraging business investment in the region.
Its trade and investment team provides a free concierge-style service for medium to large-sized businesses looking for location or development opportunities.
Business support includes site selection assistance, assistance with navigating council planning requirements, introductions to local business networks and financial incentives for large-scale investments (individually assessed against criteria).
Vitamin SC campaign
Last year, Sunshine Coast Council launched a quirky campaign, titled Give your business a boost of Vitamin SC—Sunshine Coast!
The 30-second campaign video is a fun take on the Australian regional renaissance and a campaign ebook outlines the region’s business benefits.
The Vitamin SC video was promoted online to an executive level business audience in Brisbane, Sydney and Melbourne and was viewed 270,000 times and watched in full 71,000 times.
Big brands like Youi, Gourmet Garden, Huddle and Helimods have chosen to establish headquarters on the Sunshine Coast. Other well-known businesses such as Auto & General, Get Wines Direct and Office HQ have significant operations in the region.
What’s in a boost of Vitamin SC?
- A growing economy in a prime location just north of Brisbane
- Affordable business locations
- Future fast data via Sunshine Coast Broadband Cable
- $12.5 billion in Sunshine Coast infrastructure investment
- Educated workforce
- Export opportunities
- An innovative and collaborative business community
- Business opportunities in high value industry sectors including food and agribusiness, aviation, clean technology, education, health, retail, transport and property.
- An emerging ecosystem of innovation-driven enterprises.
Companies that relocate business to the Sunshine Coast can tap into the region’s highly skilled and educated workforce as well as the next wave of emerging innovators.
A strong focus on STEM across all levels of education will equip the emerging workforce with the knowledge and experience needed to compete in a global marketplace.
In addition to the award-winning universities, there are more than 100 registered training organisations and 80 schools on the Sunshine Coast supporting 83,500 students.
Innovative and collaborative community
Technology based organisations looking to relocate business to Queensland will benefit from the innovative, collaborative and entrepreneurial spirit that exists on the Sunshine Coast.
As a Top 7 Intelligent Community and award-winning Smart City the Sunshine Coast is a world recognised innovation hub.
A 2020 Regional Innovation Benchmark (RIB) research shows that the region is leading the way in innovation, collaboration and entrepreneurship.
One of the great case studies featured in this report is discusses the collaboration between Sunshine Coast Council and telecommunications startup OneQode.
OneQode is the Sunshine Coast submarine cable landing station’s first tenant and offers a digital services platform to ensure fast international connectivity and local last mile connections to residents and businesses.
On the world business map
The Sunshine Coast Broadband cable is expected to put the Sunshine Coast on the international business map as a leading investment destination for commerce and industry.
The cable offers an attractive proposition for the world’s biggest data users and those looking for a location with superior telecommunications and data infrastructure.
For the local community, the project will, over time, lead to faster, more affordable broadband access and stimulate investment that will create hundreds of new jobs.
Sunshine Coast Council welcomes and supports the growth of local businesses and the establishment of new ones in the region.
Article Source: theurbandeveloper.com
Brisbane apartment market in the spotlight: Media Hunt’s May update
The media veteran Steve Hunt has cast his eye over the Brisbane market and what’s happening in the Queensland capital
The Brisbane apartment market continue to show strength over May, posting 1.1 per cent gains, CoreLogic’s monthly Hedonic Home Value Index found.
The rolling quarterly apartment gains are now up to 3.2 per cent, with the median apartment price reaching $411,000.
The media veteran Steve Hunt, who founded the public relations and media strategy firm Media Hunt in 2005, has cast his eye over the Brisbane market and what’s happening in the Queensland capital.
Hunt mentioned The Fernery, which has been popular with local owner-occupiers
Urban recently spoke to Colliers residential director Andrew Scriven, who said most of the buyers have come from a couple of kilometre radius.
“There’s been overwhelming success since launch in April from the local market, looking to either downsize, invest or secure something for the children,” Scriven said.
“Locals have really embraced the project. They haven’t really had that offering ever.”
The project by the Townsville-based Honeycombes, in partnership with their financier MaxCap, will comprise the 82 apartment block The Fernery, as well as a 12,000 sqm retail centre set next to the Ferny Grove train station.
Article Source: www.urban.com.au
First look: S&S Projects lodge plans for mixed-use Coolangatta development Esprit
The crowning glory of the development in Club Esprit, a rooftop residents only rooftop and wellness space.
Fresh off the success of their nearby Flow and Awaken Residences, the Gold Coast developer S&S Projects has lodged plans for its latest coastal development.
They’re set to develop a mixed-use precinct at 217-227 Boundary Street Coolangatta, a few streets back from Rainbow Bay.
Above ground level retail will be two interconnected buildings designed by Cottee Parker Architects totalling 96 apartments.
The main residential tower will have 72-two bedroom apartments and 19-three bedroom apartments across 12 levels.
Located at the front of the precinct will be the more boutique tower of just eight levels, home to five three bedroom apartments and one four bedroom penthouse.
The crowning glory of the development in Club Esprit, a rooftop residents only rooftop and wellness space in the main tower.
The rooftop features a lap pool with day beds and spa and a full wellness centre with gym, sauna, steam room, ice bath and treatment room.
There’s a relaxation lawn, a communal kitchen with large dining space, bar, and private dining terrace with barbecue facilities which can be hired. There’s also two communal barbecue facilities next to a playground lawn.
S&S director Paul Gedoun says he has a fundamental belief in the southern Gold Coast, off the back of the exceptional success in Flow and Awaken.
“Our vision for our projects looks to enhance the community feel, creating dwellings that are in line with our liveable luxury trademark,” Gedoun says.
“We expect that this project will provide a positive impact in the local community with the amalgamation of several sites providing a master-planned approach to the area.
“We always strive to deliver high quality owner-occupier residences in prime locations, respecting the sense of community ownership and the surrounding environment and we’ve taken that vision to a new level with Esprit.”
S&S have seen great success at their nearby Awaken Residences at Rainbow Bay, where their recent $8.15 million sale of the two-level penthouse was the highest apartment sale recorded south of Mermaid Beach.
Only four of Awaken’s nine expansive whole floor apartments now remain, each set to go for upwards of $4 million each after more than $20 million in sales in the first five apartments to predominantly local and interstate buyers.
Flow Residences was named Australia’s fastest selling beachfront apartments following their $74 million sell-out in late October with apartments selling at an average $3.5 million. Construction is underway and is due for completion in 2022.
Esprit Design Statement
In the design statement submitted to the Gold Coast City Council, Cottee Parker Architects call Esprit “a unique architectural offering at Rainbow Bay, that is directly inspired by the rock pools and formations this part of the world is known for.
“The proposed development at 217-227 Boundary Street is a premium one of a kind development, comprising of two interconnected buildings across two street frontages.
“Surrounded by dramatic natural beauty, Esprit draws upon its context to create a design that encapsulates the desirable sub-tropical lifestyle of the Gold Coast. Boundary Street The building’s design is inspired by nearby Snapper Rocks and the pockets of tidal pools formed over time.
“Tinted glazing emulates the tranquil reflective waters, separated by striated layers of rock, represented by the facade’s horizontal banding. These horizontal elements layer across the building facade to form balcony edges that grow and build at the edges.
“Within these sheltered edges, landscaping grows to provide a small garden space to each unit, just like the pocket parks that are scattered throughout Coolangatta.”
Article Source: www.urban.com.au
Sammut Group Lodges $350m Cronulla Retail Precinct Plan
A bold $350-million plan to reinvigorate the northern end of Cronulla ’s CBD would transform a 5225sq m site into a mixed-use residential and retail precinct.
Sammut Group acquired the Northern Gateway properties between 3 and 23 Kingsway at Cronulla with venture capital partner Alceon Group.
Plans for initial demolition works plus a three-storey basement car park and two-storey retail and commercial podium have been lodged with the Sutherland Shire Council this month.
Ultimately the site would include residential, commercial and retail mixed-use developments, including 112 one-, two- and three-bedroom apartments, 885sq m of commercial space, restaurants, shops and a flagship Harris Farm Markets store.
It supersedes plans for a 21-storey boutique hotel mooted for the site in 2018.
Sammut Group director Allen Sammut said the block of land between Croydon Street and Abel Place was one of the largest commercial sites in the southern Sydney beachside suburb.
“This is a game-changing development that will provide the catalyst for the future revitalisation and growth of the Cronulla CBD,” Sammut said.
“It’s a pivotal project for the area, particularly the many businesses in Cronulla that have been struggling in recent years.
“We’re extremely excited and eager to see our vision for this iconic gateway site come to life, ushering in a new era of optimism and opportunity for Cronulla.”
Harris Farm Markets co-chief executive Luke Harris said they were “thrilled” to launch their flagship store as part of the development.
“Harris Farm Markets has been looking for an appropriate location in the shire for many years… ,” he said.
“The store would be the largest Harris Farm store in Sydney and will introduce new food concepts we haven’t explored before.”
Sammut Group has an extensive portfolio and impressive reputation in the New South Wales market bolstered by the success of developments including Banc, Loft, Breeze and Drift in Cronulla and its surrounds.
Sammut Group is also awaiting approval for a development application for a commercial and hospitality precinct, PARC, in conjunction with Alceon Group, opposite Cronulla’s train station.
Article Source: www.theurbandeveloper.com
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