Market stabilises as Sunshine Coast looks to mine resources boom

The Sunshine Coast property market appears to be stabilising, dropping just 0.6% in February compared to 4.4% in September.

Terry Taylor from Which Property says this could be the precursor to the market improving.

“Not only have we had strong sales since Christmas, but we’ve had a continuous stream of enquiries from investors and owner-occupiers about our luxury beachfront development, White Shells. This high level of interest in prestigious apartments indicates that the Sunshine Coast property market is turning a corner,” says Terry.

While both sales and interest could be attributed to the negotiable pricing and high quality of the 48-apartment seafront development, another factor is the region’s commitment to riding the resources boom.

The Sunshine Coast Council’s Resource Sector Action Plan, due to be finalised shortly, looks to cash in on Queensland’s mining sector by increasing the opportunities for fly-in/fly-out workers to live on the Sunshine Coast. White Shells is an example of a quality development available to these workers, being just 10 minutes from the airport, and providing a true haven away from the mines. This is just one reason White Shells has been so popular with investors and why only a handful of apartments remain to be sold.

The two- and three-bedroom apartments feature high-quality finishes including stone benchtops, ducted air-conditioning and European appliances, and some boast private roof terraces. All residents have access to a rooftop terrace, with two spas, a large pool and stunning views of the ocean and hinterland. Prices for the remaining apartments have been reduced and range from $545,000 to $845,000.

White Shells is located just out of Coolum on the Sunshine Coast. This is one of the fastest growing local government areas in Queensland, with the population expected to grow an average of 2.2% over the next ten years. It is surrounded by good infrastructure, including schools and a university, shops, parklands and golf courses, and the Resource Sector Action Plan promises further growth.

The residences at White Shells offer exceptional value. All reasonable offers will be considered.

For further information, visit the display:

Corner of Merchants Parade and Seashore Street
Marcoola Beach QLD 4564

Wednesday-Sunday: 11am-5pm

Phone: 07 5448 7844

Visit www.whiteshells.com.au for more information.

Media contact

For interviews or images

Paula Key

Marketing Director, Which Property