QM Properties has added to its Sunshine Coast portfolio with the recent acquisition of Maroochy Rivers at Yandina, a development in the Coolum Hinterland.
Senior Executive Special Projects at Colliers, Baydn Dodds, said Colliers International marketed the development in November last year, which generated strong interest from other parties.
“We had a lot of interest in Maroochy Rivers from the market, but QM properties were successful, securing the approved 137-lot subdivision for $5.24 million,” Mr Dodds said.
QM Properties Sales Manager Damien Ross said the subdivision appealed to the company on a lot of levels.
“We have great confidence in this area, due to a shortage of land, population growth and its ideal position,” Mr Ross said.
The recent influx of infrastructure upgrades on the Sunshine Coast, including the university, airport and hospitals, has seen buyers flocking back to smaller centres such as Yandina.
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The Sunshine Coast University Hospital project will generate 2,000 construction jobs and subsequently 3,500 permanent jobs once complete.
The planned ‘Coast Connect’ public transport initiative as well as the airport expansion is set to further increase the coast’s population.
“Small towns such as Yandina emptied out at the end of the last century as young people moved to the cities,” Mr Ross said.
"But now they are enjoying a revival and the families are coming back to take advantage of the influx of jobs and infrastructure.”
