Residential Property Commentator Hails 3 Emporio Place as “Ideal Opportunity for Investors”
January 24, 2013
Well-regarded residential property analyst Michael Matusik has declared Maroochydore’s 3 Emporio Place to be an “ideal opportunity for investors” thanks to strong growth in the region, steady job creation and an increasing demand for new, affordable housing.
In his endorsement , Matusik, a 25-year veteran in property advice and director of Matusik Property Insights, noted that timing and conditions are ideal for investors seeking cash-flow-positive opportunities.
“The central area of the Sunshine Coast is at the bottom of the property cycle; there are massive local infrastructure projects underway at significant investment; and we’re seeing new, long-term employment opportunities.”
“As such, there’s strong demand – and limited supply – of affordable, new property priced for local workers on the Sunshine Coast. For investors, this equals a great buying opportunity.”
Matusik’s report endorsing 3 Emporio Place property for investors includes factors such as:
• Timing: With the amount of affordable vacant rentals on the Coast halved over the last 12 months, Matusik noted that the new housing market priced under $500,000 is fulfilling a need, rather than a want.
• Infrastructure: Current development in infrastructure is directly resulting in the creation of an estimated 33,000 new permanent jobs.
• Demographics: Almost 325,000 people live on the Coast, and the area has been growing by nearly 7,000 new residents a year – a growth forecast to continue, according to Matusik.
• Affordable new housing: 135,000 people work on the Coast, noted Matusik, with the average rental household earning $67,500/yr and in need of affordable housing.
• Value for money: 3 Emporio Place apartments, priced from just $267,500 are 30% below other new apartment projects in the region.
• Potential upside: Emporio is mixed-use with many amenities, not just an apartment project; such projects often generate a premium in rent and achieve higher rates of capital growth.
Jason Kollanyi, Sales & Marketing Manager for Reed Property Group, developers of Emporio, cited the increasingly mentioned “economic renaissance” on the Coast as additional proof of perfect timing.
“Everywhere you look, it’s impossible to escape the energy and vitality invigorating our region at the moment, from the groundbreaking of the Sunshine Coast University Hospital to the new retailers springing up in the Maroochydore CBD,” Mr Kollanyi said.
“The economy has doubled over the past decade; we’re seeing strong capital growth through public transportation nodes and major places of work; and there’s a strong buzz of excitement generated from the $7 billion invested in local hard infrastructure projects.”
For a preview of the display apartment at 3 Emporio Place, call Emporio sales executive, Nick Criss, on 5451 8500.
For retail and office leasing enquiries, call Reed Property Group assistant development manager, Lisa Dwyer, on 5451 8500.
For more information on Emporio, visit www.emporio.net.au or visit Emporio’s Facebook and Twitter pages for the latest updates and photos.
Ends.
Excerpted from “10 things you need to know about…3 Emporio Place”, Matusik Property Insights, 2012
Media contact: Maya Gurry – Fresh PR & Marketing
P: 0410 109 102 E: maya@freshprm.com.au
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