Showing posts with label mooloolaba. Show all posts
Showing posts with label mooloolaba. Show all posts

Thursday, March 1, 2018

Beaches have Upside

Apartment values in Noosa and Mooloolaba are on the rise again, driven by Sydney buyers.

These beaches were recently highly rated by TripAdvisor.

Saturday, January 25, 2014

Queensland Coastal Apartments - Capital Losses

RP Data recently issued is "Coastal Housing Markets - December 2013" report.

"Across the Sunshine Coast, median house values are typically most expensive in the Noosa region and most affordable between Caloundra and Maroochydore. Sunshine Beach has the most expensive median house value ($894,733) and Currimundi the most affordable at $400,631.

Median house values across the Gold Coast and Tweed Coast tend to be most expensive at the northern end of the Gold Coast. Across the region, the most expensive houses are found in Surfers Paradise ($962,563) and the most affordable are in Labrador ($392,681)."

Medium value as at September 2013 for apartments:
Noosa Heads - $528,000
Maroochydore - $323,857
Mooloolaba - $358,380
Kings Beach - $367,888
Surfers Paradise - $337,767
Broadbeach - $401,824
Palm Cove - $336,795
Port Douglas - $251,312

Number of apartment sales:
Noosa Heads - 238
Maroochydore - 404
Mooloolaba - 234
Kings Beach - 124
Surfers Paradise - 1068
Broadbeach - 418
Palm Cove - 54
Port Douglas - 270

Change in value over past 5 years
Noosa Heads -  negative 23.3%
Maroochydore - negative 17%
Mooloolaba -  negative 5.2%
Kings Beach - negative 13.7%
Surfers Paradise - negative 15.4%
Broadbeach - negative 10.5%
Palm Cove - negative 21.5%
Port Douglas - negative 13.1%

Sunday, November 4, 2012

Juniper's Fire Sale of Retail Assets

The collapse of the Soul development at Surfers Paradise must be really hurting the Juniper empire.  Juniper has listed what appears to be all its retail investments for sale, looking for offers this month.  Looks like a fire sale.  The Sea Temple Gold Club at Port Douglas is also for sale through the same agents, but it is unclear if this is also a sale by Juniper.  Many investors have lost money over the years buying from Juniper.  Now it is Junipers turn.


Saturday, November 19, 2011

Buying Off The Plan from Juniper

A number of people have asked me whether now is a good time to buy an apartment on the Gold Coast, particularly at Juniper's Soul building that is almost complete.

According to a number of property experts, the Gold Coast property market is still in decline, and further price falls are expected.

Let's look at Juniper's immediate prior luxury development, which is Oceans Mooloolaba.  Did buyers from Juniper do well or not?  It is sometimes hard to tell looking a public data, because Juniper gives under the table rebates to purchasers, so the exact initial purchase price from Juniper is not necessarily what is reported to the government.

Here is the evidence:

  • Apt 704, sold by Juniper for $2,500,000 in 2005; resold in 2011 for $1,805,000.
  • Apt 606, sold by Juniper for $1,580,000 in 2007; resold in 2011 for $1,650,000.
  • Apt 503, sold by Juniper for $1,300,000 in 2007; resold in 2009 for $1,070,000.
  • Apt 404, sold by Juniper for $1,380,000 in 2005; resold in 2007 for $1,200,000.
  • Apt 404, sold by Juniper for $1,370,000 in 2003; resold in 2006 for $1,150,000; resold in 2010 for $1,115,000.
  • Apt 401, sold by Juniper for $1,670,000 in 2003; resold in 2009 for $1,500,000.
  • Apt 303, sold by Juniper for $1,320,000 in 2006; resold in 2007 for $1,025,000.
  • Apt 301 sold by Juniper for $1,600,000 in 2003; resold in 2009 for $1,445,000.
  • Apt 203, sold by Juniper for $1,750,000 in 2004; resold in 2010 for $1,800,000.
Taking into account stamp duty, everyone who has purchased from Juniper and then resold has lost money.  Some of the resales were before the market collapsed in 2008.  One suspects that it would be best to wait before buying in Soul or anywhere on the Gold Coast for that matter.


Friday, March 6, 2009

Coastal Apartment or Working Class House?

"There are few more iconic sea-change destinations than the Gold Coast, which has earned a reputation as the king of population growth in Australia.

But it's a long way short of being the king of capital growth.

Capital growth on the Gold Coast over the past five years has been half that achieved next door in downmarket Logan City, according to Real Estate Institute of Queensland figures.

The Moreton Bay region, a municipality that encompasses cheap mortgage-belt suburbs in Brisbane's north, has achieved considerably higher capital growth than the Sunshine Coast next door.

Within the Sunshine Coast municipality, the market leaders on capital growth are the railway towns in the hinterland (such as Beerwah and Landsborough), not the sexy coastal locations Noosa and Mooloolaba."


See Terry Ryder

Saturday, January 17, 2009

New Top End Mooloolaba Apartment Building

Signature 87 by Juniper. Prices said to range from $5.98 million to $6.995 million. So the top end can't be too bad if Juniper releases this. Completion due late 2010. According to the AFR, David Kortlang from Juniper said investment in Mooloolaba and ocean front properties remainded strong. But the AFR said only 36 new units (from an inventory of 818 new units) sold on the Sunshine Coast in the six months to November 2008.

Building Height 11 levels (including retail)
Apartment Areas Typical Apartment 465 m²
- Internal 333 m²
- Terrace 132 m²
Number of units 10 (one per floor only)
Security Exclusive level access with private lift lobby on level, CCTV, proximity sensors, panic button and secure car park entry
echnology Full home automation including C-Bus lighting,
Kitchen Finishes Miele appliances, Professional gourmet kitchen with scullery (butlers’ kitchen), Home automation control centre
Lounge Room 50” concealable television
Bedrooms 4 Bedrooms, 42” concealable television in Master
Bathrooms 4 Bathrooms + powder room
Media Room 80” fixed television panel, Projector, Surround Sound, Touch screen control
Pool Private pool terrace with exclusive lap pool (per unit)