Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Investors Benefit by Buying off the Plan; Being A[euro][approximately]in the Heart of the CBD' Is a Drawcard for Future Capital Gains

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Investors Benefit by Buying off the Plan; Being A[euro][approximately]in the Heart of the CBD' Is a Drawcard for Future Capital Gains

Article excerpt

TWELVE months ago, some people would have scoffed at the thought of buying properties off the plan; however, the huge increases in Maroochydore's median unit price has prompted increased investor interest in the Emporio development, with investors rallying to secure their share of the long-term capital gains predicted.

Loan Market finance strategist Lindy Kelly said recent data from PDS Live indicated the median unit price in Maroochydore had increased by an average of 10.4 per cent annually over the past ten years.

"The good news is if you do your research well, buying off the plan in a rising market can potentially mean large capital gains before you even settle," she said.

"Based on these statistics, investors could outlay a 10 per cent deposit on a $420,000 unit and earn their entire deposit back in capital gains a plus an extra $1680 a within a 12-month period," Ms Kelly said.

General Manager of Development for Reed Property Group, Carl Nancarrow, said the Maroochydore area had out-performed key growth areas such as Noosaville, Mooloolaba, Caloundra and even standout Brisbane CBD areas such as Newfarm and Fortitude Valley in recent years.

"While most areas saw their median unit price fall following the global financial crisis, Maroochydore managed to turn the tables and, according to RPData, reported 7.4 per cent growth in the last twelve months," Mr Nancarrow said.

"The strong growth in the region can be attributed to the fact that Maroochydore has been ear-marked by council as the Sunshine Coast's principal activity centre."

Emporio residents will also have exclusive access to a gym, resort-style pool, rooftop entertainment area, fibre-optic high-speed broadband, security systems and a residents lounge and theatre.

Mr Nancarrow said the huge population growth predicted in the Maroochydore region had also proved to be a strong drawcard for Queensland investors. …

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