Why Plaza Central is a sound purchase for first home buyers

We've learned to live with uncertainty in these iso times, especially when it comes to property. For many first home buyers, it can be hard to know whether it’s the right time to go to the shops, let alone making a big financial investment.

 

The good news is that according to realestate.com.au, property prices defied predictions to rise 0.3 per cent in April, even with jobs and home opens on hold.  And with the Sunshine Coast in recent times being heralded as Queensland’s strongest market, it’s possible to buy with confidence as we ease back into ‘normal’ life.

So if you’re a first homebuyer after a dreamy coastal lifestyle, but want to be sure you’re making a sound financial investment, Plaza Central Maroochydore is well worth exploring.

Here’s why.

Maroochydore is where it’s at...

Buying in a trusted location is the box to tick when it comes to sound investments – and Plaza Central is perfectly positioned at the heart of Maroochydore. With its funky cafes, abundant foodie experiences and live music scene, this vibrant Sunshine Coast suburb is both cruisy and happening at once.

Maroochydore Beach is sure to be your new daily ritual for morning swims and end the day with sunset fish and chips at Mooloolaba Beach. If shopping’s your thing, try staying away from Sunshine Plaza, fresh from a $400million upgrade and now boasting the area’s first David Jones, Big W, H&M, 100+ speciality stores and a dining precinct. For the night owls, Ocean Street’s vibrant hive of cultural activity is the perfect place to sip bar cocktails and feast on sidewalk delights.

With easy access to the Sunshine Motorway, the Sunshine Coast Airport and the Sunshine Coast University, you’ll want for nothing at Maroochydore.

…and it's getting better.

The only thing better than a well-performed suburb is a well-performed suburb showing huge untapped potential. Maroochydore is constantly evolving and reshaping into an exciting modern coastal destination. Especially with the airport expansion nearing completion, due to open June 2020, and planning underway for stage one of a proposed new light rail system set to be completed by 2025.

The nation’s first underground automated waste collection system has been constructed within the new SunCentral CBD. If you’re looking for a location that will only get better with age, this is it.

You’re not overcapitalising.

Many first home buyers make the mistake of being drawn to glamorous facilities (like pools, saunas and gyms) without taking into account the inevitable high strata price tags that accompany them. Even worse, many find that they’re paying for facilities they don’t actually use (do you really need a gym when Pilates is more your thing?).

On the other hand, Plaza Central is a very safe way to get your foot in the door of the property market. With a choice of contemporary one, two or three bedroom apartments starting from only $309,000, it’s a well-priced entry point for first time buyers, without overcommitting. The modern units have everything you need in a first home, surrounded by awesome amenities that you can tailor to your own interests.

Moving out is easy…

Moving out for the first time is exciting, but it can also be a little daunting. You want to know your new home will be both safe and easy to take care of. Plaza Central is designed to offer first home buyers a stress-free lock and leave lifestyle. It’s right on Pikki Street - a no thru road – so it feels safe and secure. Looking after your new apartment is easy too, with quality fittings and hardwearing, low maintenance flooring. And there’s plenty of street parking for when friends or mum come to visit.
 

…and so is moving on.

A lot of first home buyers are worried about the commitment. Life changes fast – what happens if you suddenly get a new job offer, want to travel overseas, or just have a change of heart?

Plaza Central gives you great peace of mind knowing that you can easily rent your home out when you’re ready to move on. Rental returns in Maroochydore were at 5.3% as at March 2020, significantly higher than those being achieved in Sydney and Melbourne, which have fallen to record lows of 3.6% and 3.9% respectively. Vacancy rates are low too – a good sign that Maroochydore rentals are in hot demand. What’s more, Plaza Central’s low strata fees mean that whatever happens, you know you're not paying high fees for facilities that someone else is enjoying.

You’ll be part of the ‘in crowd’.

You know those suburbs your parents wish they had invested in when they were young? Maroochydore is that place for today’s generation.

The Sunshine Coast is now the tenth largest significant urban area in Australia. And recent research predicts that the region is set to undergo the second fastest residential growth in all of Queensland between 2011 to 2036, with some experts claiming the population will soar by 58 per cent from now until 2040.  

If you want to be part of the in crowd, you better be quick.

You can start planning now.

With Plaza Central, you won’t get caught out waiting for the development to start. Construction is due to commence in the very near future, with a clear estimated completion and settlement date laid out. This means you have time to prepare for your move, whether that’s sorting out your finances, or knowing when to start purchasing your funky new furniture.

 

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