From old hat to new hand­bag

Sold On Sunshine Coast - - Suburb Profile | Maroochydore -

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.

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