Quarterly development values up by $100 million
The Sunshine Coast recorded almost $400 million in estimated construction values for building applications in the July to September quarter, a $100 million increase on the previous three months and a 17% increase on the same period last year.
Mayor Mark Jamieson said the continuing growth across the region was encouraging and a great indicator of the health of our local economy.
“With building approvals in excess of $1 billion for the third consecutive financial year, ongoing development on the coast will attract investment opportunities and employment, ensuring a positive future for our region,” Mayor Jamieson said.
“The redevelopment of Maroochydore City Centre started this quarter with the first precinct plans and the application to reconfigure a lot for Stage 1 of the development lodged for assessment by Economic Development Queensland (EDQ).
“Plans for other precincts within the priority development area have also been lodged with EDQ.
“This heralds the start of a project that will be transformational for Maroochydore and the broader region.
“Within the Kawana Health precinct area, construction of the Vertical Aged Care Facility will commence soon and Birtinya Boulevard is nearing completion.”