From old hat to new handbag
BETWEEN ocean and river, Maroochydore has been designated as the Sunshine Coast’s commercial hub and is set to live up to that with the development of the new 52ha CBD.
Meaning ‘the place of the red bills’, as in the black swans that inhabit the area, it is derived from the word ‘murukutchi-dha’ in the language of the Brisbane River Aboriginal people who accompanied Andrew Petrie on his exploration in 1842.
Divided from Cotton Tree Reserve in 1903, Maroochydore is an area of 55.5sq km.
The sale of the first block of land took place in 1908 and marked the start of development in what soon emerged as a popular seaside destination.
By 1920, permanent population growth encouraged the planning and construction of schools, churches, business houses, post office and a bitumen main road.
Today you will find ground work is well under way in the new Maroochydore CBD, and with street connections in progress, the CBD is taking shape. Smart infrastructure including the underground services were the first to start.
A large number of commercial businesses and homes want to position themselves around the hub, to utilise the ideal space within the CBD. Lendlease are well under way with the expansion of the Sunshine Plaza which will include several new speciality shops introduced to the area.
Sunshine Cove, a residential estate in the CBD, is well past the half way point and is nearing the final stages.
At the heart of change in the Sunshine Coast property market, Maroochydore offers a variety of product as well as price points.
Coming out of the GFC, buyers sought bargains and value which Maroochydore provided in spades with residential homes as well as units.
It was also at the pointy-end of a very tight rental market with real estate agencies reporting very low rental vacancies. This brought confidence back into the investment market and so it is little wonder Maroochydore regularly features in the top 10 for Top Selling Suburbs of the Sunshine Coast.
While the suburb offers affordable homes, it also has its fair share of prestige properties. Like other coastal localities in Queensland, it is the properties featuring absolute water frontage or water views achieving premium price tags. Surrounded by waterways and being in immediate proximity to the CBD ensures Maroochydore is an attractive prospect for property investors.
Maroochydore is home to many clubs including surf lifesaving (the first on the Coast and established in 1916) sailing, bowls and a multi-sports complex to name a few.
Easy access to the ocean makes the area ideal for boating, fishing and water sports. Retirement in Maroochydore is catered for with retirement villages, doctors and medical specialists and chemists all being nearby. Accessible by footbridge is Chambers Island on the Maroochy River and Picnic Point is also nearby. Both offer popular picnic and fishing spots and a great place for water sport enthusiasts. The $20m refurbishment of the Big Top Shopping complex borders on to the Ocean Street precinct. Once retail, this hive of eateries by day and clubs by night has generated new life into the zone.
Other businesses are repositioning around the city heart in preparation of what is planned for the next two decades. Bunnings showed confidence in the Coast with a $40m superstore, with Officeworks following suit.
Perimeter works have started on the CBD with Sunshine Coast Council acquiring the gateway site at the corner of Aerodrome Rd.
The future is very bright for the Sunshine Coast with Maroochydore a gold medal winner for commerce and lifestyle.
Offering commerce and lifestyle, Maroochydore.