Kawana Island (officially known as Parrearra, postcode 4575) is located in the middle of the Sunshine Coast. An inland island (a 10 minute walk from the coastline) developed in early 2000 to create one of the first master planned communities of the region.
Neighbourhoods are connected by kilometres of walking tracks throughout canal systems, with BBQ facilities, play equipment and free fitness stations at a number of local parks. Serious boaties can utilise the Loch with deep water anchorage at a number of waterfront properties.
Central to all is the ‘beach’ of Double Bay, where locals can enjoy the café delicatessen or al a carte dinning of Montego’s on the Bay.
Kawana Island is popular with families, retirees and professionals with the community spirit noticeable in the house proud streets. The area offers a variety of residences; from water front mansions to family homes, apartments, villas, retirement villages and cottages, with price points for every budget.
The house capital growth chart confirms consistent growth since the first sales.
A recent search of rental properties in the area shows only 5 houses available eg.4 bedroom, 2 bathroom double lock up garage from $450-$600 per week.
What does the future hold?
The last stages of the development are in progress; Birtinya Island offers house and land packages starting in the mid $500,000 and apartments from $400,000.
Edgewater commercial centre is currently leasing with the national insurance company YOUI as the anchor tenant.
Future planning includes the Sunshine Coast University Hospital, rail and bus interchange and a town centre at the nearby Brightwater development.
Supporting infrastructure is already in place with access via Kawana Way linking the area to the Sunshine Motorway and the Sunshine Coast University.
If you are a low risk investor, this area definitely rates further investigation!
Contact us to discuss your next step.
