Commercial hub a hive of activity
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 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 in 1908 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.
Those early settlers would be amazed by the skyline today. The beaches and river are still a huge drawcard yet the developments taking place will put the commercial sector on the world stage.
With ground work begun in the new Maroochydore CBD, and street connections in progress, the CBD is starting to take shape.
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.
Perimeter works on the CBD have included an Evans St upgrade and Maud St access along with work on the gateway site at the corner of Aerodrome Rd and Maud St.
Property is big business as retailers, professional services and residents want to position themselves around the hub, to utilise the ideal space within the CBD.
Lendlease has begun the $400 million expansion of the Sunshine Plaza whichwill include new speciality shops.
At the southern end of the CBD, Bunnings has shown confidence in the Coast with a $40m superstore in Dalton Dve, with Officeworks following suit.
Sunshine Cove, a residential estate in the CBD, is nearing the final stages.
Today, at the heart of change in the Sunshine Coast property market, Maroochydore offers a variety of product as well as price points.
The median sales price at October was $588,000, up from $570,000 in January 2017 and steady growth over five years from $442,500.
The median unit price was $410,000 in October, according to CoreLogic.
Maroochydore regularly features in the top 10 for Top Selling Suburbs of the Sunshine Coast. It offers affordable homes, but has its fair share of prestige properties.
Like other coastal localities in Queensland, it is the properties featuring absolute water frontage or water views that obtain 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.
The Olympic-sized swimming pool on the riverbank at Cotton Tree attracts international training squads.
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, medical specialists and chemists all 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 future is very bright for the Sunshine Coast with Maroochydore a gold medal winner for commerce and lifestyle.