It took a long time coming but now the new CBD site is ‘under construction’; trucks, cranes and diggers have taken over the site.
View the video of the birds eye view of the CBD http://www.maroochydore-city.com.au/video
Sun Central has called for expression of interest to buy and develop lots in the core commercial precinct.
What does this mean for the Property Market?
In the past 4 months we have seen properties in the streets adjoining the site jumping in price in $50,000 increments.Little ‘nana homes’ (3 bedroom, 1 bathroom and maybe a carport) are now selling for $500,000+, larger two storey workers cottages are going for $650,000.A renovated 3 bedroom beach shack on a 600m2 lot recently went to contract prior to Auction for $690,000.