BLI BLI'S 'COMING OF AGE'
Written on the 21 May 2015
SUNSHINE Coast town Bli Bli is set to become a property hotspot, following major infrastructure spending in the area.
The riverside locale has experienced a major transformation in recent years, but 2015 is expected to be its biggest yet according to PRDnationwide.
Research from the real estate firm forecasts the population to grow at a rate of seven per cent this year, based on sales and new homes built.
PRD project marketing Sunshine Coast Damian Brown says Bli Bli is evolving from a sleepy little town into a thriving residential community.
"There is more than $522 million in infrastructure investment planned for the area over the next decade to cater for the ongoing growth," Brown says
"Including a major new housing project, a major new retail, medical and commercial development, schools, transport and recreation infrastructure and $100 million of that will be rolled out this year."
Brown says plans have been unveiled for the new Bli Bli Village Centre, which will attract a number of new retailers.
Other developments include the refurbished Graham Marsh 18-hole Maroochy River Golf Course expected to open mid-year, Cutters Ridge estate, sold out residential communities Parklakes and Halcyon Landing and the upcoming launch of Parklakes 2.
"Bli Bli is also in a convenient location not only does it have growing infrastructure itself, but it's also close to the Sunshine Plaza in Maroochydore, Mudjimba Beach, Nambour and the Bruce Highway," Brown says.
"The nearby Sunshine Coast Airport expansion, which will deliver a second runway, new terminal complex and aviation industry precinct is currently in the EIS assessment stage and due to commence in 2016 and the region's new multi-billion dollar hospital and medical precinct at Kawana is also just 15 minutes away."
While the suburb is attracting many owner-occupiers, Brown says Bli Bli is landlocked and investors would be impressed with returns in the long-term.
"These projects are diversifying the Sunshine Coast's economy and creating more employment, which in turn is bringing more people to the area and creating a residential property market characterised by increasing sales volumes, tight supply and rising prices," he says.