Cotton Tree is located on the banks of the Maroochy River and northern point of Maroochydore surf beach. Only minutes’ walk to Maroochydore CBD it offers a retreat from traffic, tourists and time schedules.
What was previously an area utilised by fishing fanatics and family orientated holiday makers is now being complimented with speciality shops, cafes’ and top class restaurants.
Cotton Tree Park offers an unmatched pedestrian environment, stretching the length of the riverside promenade.
Future plans will see Sixth Avenue become the ‘main street’ of Cotton Tree; a promenade with streetscaping and new developments of mixed use buildings.
Current property market conditions are seeing investors liquidating their holiday units; this ‘buyer favourable’ environment means that owner occupiers are reaping the rewards.
Units are becoming more popular, not only for affordability but also because of the easier maintenance, security conscious environments, less cost if renovations are needed and are closer to city centres, facilities and public transport.
Due to the underperforming holiday accommodation market, investors should look at properties for permanent rentals. Again, because of Cotton Trees location to the CBD and lifestyles surrounds, rental returns in Cotton Tree are above average for the Sunshine Coast.
Suiting any budget, units in Cotton Tree vary from low $300,000’s in older complex’s, to mid $500,000’s for a modern ocean view apartment, then to $1,000,000+ for penthouse living in a new development with uninterrupted 360 degrees ocean and river views.
We are seeing sale prices below what sellers paid when purchased off the plan 3 years ago and incentives of furniture packages included or pre-payment of body corporate levies as sweeteners to Buyers – this proves now is the time to negotiate hard.
Capital growth statistics for Cotton Tree are incorporated in Maroochydore data. The median price for units in 2001 was $164,362 in 2011 the figure was $494,125. This again proves ‘time is your friend’ with educated property purchases.
For more information please contact our office at…………Cotton Tree.
Comments
insurance, on site manager fees, cleaning, etc it appears that at the current occupancy rate the return is typically about $3000 or 1%. I can get $19,500 or 6.5% in term deposit. I'd love someone to show my calculations are wrong, as owning a unit appeals
to us.
$300 000 price range a permanent let unit in a small complex would show more return over 10 years both with rental returns and capital growth. With permanent letting there is no onsite management, cleaning or electricity and most importantly (when managed
by a quality agency) very little vacancy. Depreciation and tax advantages are null and void when capital is held in the banks. In fact you will pay tax on that annual dividend and over the same 10 year period you will be that much further from ‘breaking into
the market’.