Com­mer­cial hub a hive of ac­tiv­ity

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 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.

PHOTO: DARRYN SMITH

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