The Sunshine Coast is currently experiencing a previously unseen period of infrastructure & development.
Here are our top five key economic drivers that give us confidence in the future of the Sunshine Coast market.
The proposed Maroochydore CBD is set to occupy the current grounds of the Horton Park Golf Course in Central Maroochydore. It will be a vibrant hub of commerce, technology, innovation, entertainment and inner-city living. Works are well underway as you can see when you drive along Aerodrome Road. This ground-breaking city-making project will feature:
Prime commercial office space
Dining & entertainment
New waterways & parks
A premium hotel
Convention & exhibition facilities
In answer to progressive populations growth, increasing regional tourism, business and community requirements, the Sunshine Coast Airport has been approved for an expansion and upgrade.
The proposed expansion includes a new 2,430 metre runway, a new passenger terminal with further retail facilities and existing public transport expansion.
Works on the expansion are well underway as you can see when you travel north bound on the Sunshine Motorway.
This development will provide access to growing markets both domestically and internationally.
It will generate jobs and economic growth, boost tourism, help export businesses and secure air access to the Sunshine Coast for generations to come.
The Sunshine Coast Regional Council has recently approved and works are well and truly under way for the $350 million expansion of the Sunshine Plaza.
The expansion includes introducing retailing giant, David Jones, a further 1,500 car spaces, 120 more specialty retail/restaurant spaces and an expansion of the Myer department store.
The significant redevelopment will see Sunshine Plaza become the first super-regional shopping centre north of Brisbane and is expected to generate 2,300 additional retail jobs for the region on completion.
The expansion is expected to create not only a new high class retail experience for the region but a much needed economic injection.
One of the most exciting health and medical research districts in Australia is underway on our doorstep.
The Health Hub will include both a public and private Hospital plus an allied health facility and is projected to provide a $3.2 billion economic impact to the greater Sunshine Coast region whilst generating more than 3,000 jobs per annum during the development phase.
Developments within the Health Hub include an allied health commercial office building, specialist consulting suites, a vertical aged-care facility, an 80 room Best Western Plus hotel, a childcare facility and retail offerings.
It will be one of the largest infrastructure projects ever undertaken on the Sunshine Coast.
The Sunshine Coast International Broadband Submarine Cable Project is aligned to our region positioning itself as Australia’s leading smart city region.
Maroochydore will have Australia’s fastest telecommunications and data connection to Asia and the second fastest to the United States, via a new international submarine broadband cable, due to land at Maroochydore and be operating by 2020.
The cable connection to the Sunshine Coast will generate an additional $700 million to the Sunshine Coast economy every year.
The new cable will increase Queensland’s international competitiveness and stimulate new investment. Independent modelling forecasts that this cable will generate for Queensland up to 864 new jobs and up to $927 million in new investment.