Strong developer appetite for Sunshine Coast continues as Colliers transact another Caloundra site, cementing the area’s status as a growth hotspot.
Sunshine Coast developer Cube Developments has secured a prime Golden Beach site for $10.775 million, with plans already lodged for a new lifestyle development as demand for quality residential opportunities across the region continues to surge.
A national Expressions of Interest campaign led by Colliers agents Nick Dowling and Baydn Dodds resulted in the sale of the 11,236sqm site at 9 Onslow Street Golden Beach, just 100 metres from the beach. The campaign attracted 111 enquiries resulting in 4 formal offers, with the property sold on behalf of private owners.
Cube Developments has submitted a development application for a five-storey, 60-unit residential project to be delivered on a 2,034sqm portion of the site. Featuring sweeping ocean and Glasshouse Mountain views, resort-style amenities including a pool, recovery spa, food and beverage outlet and commercial space it is designed to appeal to downsizers and lifestyle seekers and represents a major step in the reinvigoration of Golden Beach.
Colliers Sunshine Coast Managing Director Nick Dowling said the transaction added to a string of major development plays in Caloundra, one of Australia’s most supply-constrained and tightly held coastal markets.
“We saw really strong interest in the site with developers drawn to its walkable amenity, laid-back lifestyle, and the coasts’ growing infrastructure pipeline,” Nick Dowling said.
“The site provided an ideal opportunity for developers to take advantage of a rapidly growing pocket of the Coast.”
Colliers Special Projects Manager Baydn Dodds said the deal highlighted the Sunshine Coast’s status as a national development hotspot following several major site transactions on Bulcock Street, including Gardner Vaughan Group’s $19 million acquisition, also brokered by Colliers, and RCQ’s acquisition with plans for a three-tower development.
“This transaction reflects the ongoing strength of the Sunshine Coast market and the high level of demand for development opportunities in lifestyle destinations like Caloundra,” Baydn Dodds said.
“The Sunshine Coast is forecast to grow by nearly 240,000 people to 2046, requiring almost 90,000 new homes. That equates to around 3,600 new dwellings per year just to keep up.
“The region is one of only three markets nationally to record an increase in crane activity, showing renewed momentum across the development pipeline—particularly in the residential sector,” Baydn Dodds added.
Cube’s planned development at Onslow Street will join its growing Sunshine Coast portfolio of high-calibre projects, which includes Oasis at Bokarina Beach and Nature at Cotton Tree.
Cube Developments Director Scott Juniper said Golden Beach was fast becoming one of Queensland’s most sought-after property destinations.
“The once sleepy suburb of Golden Beach has well and truly arrived,” Mr Juniper said.
“World-class infrastructure projects, coupled with an unmatched water-based lifestyle, are fuelling growing demand in the area.”
The Onslow Street site is currently occupied by Golden Beach Holiday Park improved with a 12-room motel-style complex, 70 powered caravan sites, a manager’s residence, and amenities. It is zoned for a maximum 18-metre height limit, allowing for sweeping water views from future development.
Just steps from the Golden Beach village and its cafes, restaurants, retail and medical services, the property is also near recently funded future rail infrastructure, which will improve connectivity between Caloundra and Brisbane.
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