Australia’s Newest City Takes Shape

It’s All Happening on the Sunshine Coast!

Construction on the 10-story Sunshine Coast City Hall, which will house about 600 council employees, is coming to an end, while work at Evans Long’s A1, a boutique office building designed by Cottee Parker, is progressing. Future plans from Habitat Development Group include a $100 million, eight-story Maroochydore Private Hospital as well as another apartment project spread across 15 levels.

But That’s not all. 

SunCentral’s recently appointed chief executive, Amanda Yeates, who took over for John Knaggs in April after serving in the position for seven years, that an agreement with a private developer, signed in late 2020, had accelerated the precinct’s development. Over the next 15 to 20 years, Walker Corporation will be able to invest about $2.5 billion in the developing city centre.

Our region is quickly expanding beyond its status as a vacation destination, demonstrating the wisdom to build quickly and at scale with a single developer.

The Sunshine Coast’s current office market vacancy rate is less than 3%, demonstrating a high rate of demand for the office market. The Sunshine State’s annual net interstate migration is at its highest level in nearly 20 years, outpacing predictions that the Sunshine Coast’s population would increase from 346,000 to 500,000 by 2036.

Let the Games Begin

The Sunshine Coast’s inclusion in the Brisbane 2032 Olympic and Paralympic Games is another noteworthy modification and welcome addition to the CBD blueprint. The Sunshine Coast council now has the chance to realise the development of its own Olympic city at Maroochydore thanks to Brisbane’s mid-2021 award of the Games. According to Jamison, the city centre will now make room for a new athlete’s village, which will offer 1370 beds for athletes and officials as well as a variety of ancillary and support facilities. The village will also serve as a hub for entertainment and a place for people to congregate during the Games.

Additionally, Sunshine Coast locations have been designated for keelboat sailing, mountain biking, road cycling, race walking, soccer, and basketball. With annual growth rates well above the national averages, the Sunshine Coast is currently well on its way to becoming one of Australia’s fastest-developing economies. By 2033, it is anticipated that its economy will increase from $17 billion to $33 billion.

The Sunshine Coast is well on its way to becoming a world class city.

At Queensland Capital Solutions, we stand ready to engage with business owners and assist with funding solutions to support their plans for growth.