A GIANT inflatable water park will be trialled north of Brisbane these Christmas holidays.
The trial of the new attraction is part of the Redcliffe Foreshore Master Plan, which was adopted by Moreton Bay Regional Council on Tuesday.
The region’s chambers of commerce are backing the move as long as local business are looked after.
Moreton Bay Mayor Allan Sutherland said the water park would be trialled at Pelican Park, Clontarf, just north of Brisbane.
“Council is working with the State Government and private operators to trial an inflatable water park at Clontarf,” Moreton Bay Mayor Allan Sutherland said.
The water park is just one part of the master plan, which applies to a 15km stretch of foreshore and 30 parks, divided into nine precincts.
1: Clontarf Beach, Pelican and Bells Beach Parks
2. Bicentennial and Woody Point Parks
3. Scotts Point, Progress, Lahore and Gayundah Arboretum Parks
4. Suttons Beach and Margate Beach Parks
5. Settlement Cove, Redcliffe Jetty and Captain Cook Parks
6. Queens Beach and Grant Parks
7. Scarborough Beach Park and Bill Marsh Lookout
8. Thurecht, Jamieson and Tingira Parks
9. Endeavour Park
The council conducted two consultation periods, including sessions with business owners.
More than 600 residents completed surveys and another 200 shared their ideas for the new plan.
An inflatable water park was the most popular attraction along the foreshore among residents.
It describes the activities and businesses that can be set up at each of the major areas.
Including the use of pop-up food trucks, entertainment, activity hire and water sports.
Cr Sutherland said the council would work towards implementing the new assessment system for businesses wishing to work at the foreshore areas.
Councillor Koliana Winchester (Div 6) is looking forward to businesses using the foreshore areas.
“Under the new master plan, places like Suttons Beach will be able to open up to deck chair and umbrella hire, while areas like Bicentennial Park at Woody Point can be used for Eat Street-style markets,” she said.
Councillor James Houghton (Div 5) said the plan would complement existing businesses and retain the character of each of the nine key locations.
Commerce and Industry Redcliffe Peninsula president Nick Tzimas and Redcliffe Peninsula Chamber of Commerce president Ryan Elson agreed Pelican Park was a great location for an inflatable water park.
“It is a great idea and was part of our proposal,” Mr Tzimas said.
He said his main concern with the policy was the affect on local business and hoped the council kept the number of external business coming into the area to a minimum.
Mr Elson agreed: “One thing we said was that we didn’t want a competing business set up within 500m of an existing business.”
Moreton Bay has made a national top 10 list of the best places to invest in property. Photo: Redcliffe Herald.Source:Supplied
MORETON BAY has emerged as one of the 10 best places in the country to invest in property, as some of the state’s forgotten cities undergo a regional revival.
A new report reveals smaller capital cities and regional centres are now the primary focus for property investors, as attention switches from Sydney and Melbourne.
Two Queensland regions have made the latest National Top Ten Best Buys list by hotspotting.com.au — Moreton Bay and Townsville.
A bird’s eye view of the Scarborough marina in the Moreton Bay region. Picture: Lynne Broughton.Source:Supplied
Suburbs in the Moreton Bay region such as Banksia Beach, Bellmere, Deception Bay, Burpengary and Sandstone Point all saw a steady rise in sales in the first quarter of this year.
Hotspotting founder Terry Ryder said the fact there were so many markets moving in different directions and at various speeds was an advantage for investors.
Hotspotting founder Terry Ryder.Source:News Limited
“While many commentators tend to discuss Australian real estate as a single market, there are many different markets driven by events in their local economies,” he said.
“Sydney and Melbourne have been rising, while Perth and Darwin have been falling, and others cities like Brisbane and Adelaide have been marking time, with only very minor growth.”
Mr Ryder said that while only the outer ring areas of Sydney and Melbourne were still firing, Hobart was performing strongly, Canberra was rising steadily and Perth was recovering.
“We also expect better performance from Adelaide and Brisbane in the next 12 to 18 months,” he said.
This four-bedroom house at 16 Manikato Ct, Burpengary, in Moreton Bay is for sale for offers over $649,000.Source:Supplied
The report identifies areas such as Newcastle, Geelong and the Sunshine Coast as having strong local markets, while other regional centres like Ballarat and Townsville are starting notable growth phases.
“National factors like access to finance and the level of interest rates are common across the country, but the core factors that differentiate one market from another are events in the local economy,” Mr Ryder said.
“These include population growth, business expansion and spending on infrastructure, which generate economic activity and jobs creation. Out of that comes local demand for real estate.”
This house at 16 Loftus Place, Sandstone Point, in Moreton Bay is for sale.Source:Supplied
Properties like 6 Midson St are in hot demand as buyers search to get more bang for their buck.The Petrie property sold for $555,000 in March after 23 groups were shown through the home.
RE/MAX Ultimate Sales associate David Merryweather said the buyers were moving from the south side of Brisbane as they saw they could get more value for money.
The kitchen at 6 Midson St, Petrie.
“They wanted space and they wanted a leafy suburb for when they consider starting
a family down the track,” Mr Merryweather said.
The couple saw potential in the property for future extensions, with a storage area beneath the perfect space to build additional bedrooms or living areas.
One of the bedrooms at 6 Midson St, Petrie.
Mr Merryweather also said there was nowhere near enough stock to keep up with the demand in the area, with families still wanting a decent sized yard flocking to the area.
Outside 6 Midson St, Petrie.
“I have lots and lots of buyers I’ve spoken to in that area (but) we’ve got more buyers than
we’ve got homes for,” he said.
“There’s not a great deal for sale so the properties that do come to market tend to attract a fair bit of attention.”
6 & 8 Nabeel Place, Calamvale, was part of a 1,400sq m site that was split and re-split to see the development land gross profit of $500,000.Source:Supplied
THE cost of residential land in Brisbane fell a massive 14 per cent last year with lots on the Gold Coast now more expensive than the Queensland capital. But the devil’s in the detail.
New data by Oliver Hume found buying a block in Brisbane set buyers back $358,500 at the end of last year – a median price drop of 14 per cent in just 12 months.
Land on the Gold Coast was $25,700 more expensive than Brisbane, according to the latest Oliver Hume Quarterly Market Insights, with the glitter strip pulling off an 8 per cent rise in median lot price to $384,200.
But Oliver Hume senior research analyst Amanda Bittenbinder said Brisbane’s massive median price decrease was not because of a struggling market but the type of blocks that were coming to market.
“The Brisbane market is shifting towards smaller lot sizes, due to land availability and affordability,” she told The Courier-Mail.
“Our data shows that 48 per cent of project land sales in Brisbane over Q4 2017 were between 301-400sq m whereas the Gold Coast recorded 52 per cent of sales over 500sq m.”
She said the Gold Coast had a higher median lot size than Brisbane.
Broken down, the data showed “the rate per sqm in Brisbane was $899/sq m in Q4, whereas the Gold Coast recorded $513/sq m – that’s a difference of $386 per sq m”.
In the December quarter alone, 1,956 lots were sold in South East Queensland, a fall of 5.5 per cent that had more to do with stock availability than demand.
Agent Tom Zhang of Yong Real Estate said demand was outstripping supply in Brisbane.
One of his recent sales included 6 and 8 Nabeel Place, Calamvale, which was part of a larger 1,400sq m block that a developer had bought for $1.1m.
“A developer bought it, they subdivided the rear 800sq m out and further subdivided that into two 400sq m blocks. For 400sq m that was selling for over $400,000 each. Those two blocks at the back sold for $800,000 and he still has the front house that will sell for more than $800,000. So his total income of over $1.6m minus development costs still ends up a fantastic return in a short period of time.”
122 Roscommon Road, Boondall, was split in two with each block on the market for over $350,000.Source:Supplied
He said “small to medium developers are so hungry for this type of product”.
“It’s easy to sell the land. The normal homebuyer can’t afford big blocks but a 400sq m block they might be able to. The worry now is the low supply of empty blocks of land in Brisbane and in the southern suburbs like Sunnybank and Calamvale.”
Redland – which includes mainland suburbs like Capalaba and Alexandra Hills as well as island suburbs like North Stradbroke and Coochiemudlo Island – had SEQ’s third highest block cost. Its median land lot was $312,000, a figure that had dropped 3 per cent last year.
Popular Moreton Bay – which covers a large area including Caboolture and Redcliffe – saw a 4 per cent fall to $238,000, while the second cheapest land lots in SEQ came out of Logan where the median was holding steady at $230,475.
The cheapest place to buy land in the region was Ipswich ($199,500), though that’s changing rapidly with the area posting the second highest cost increase last year (4 per cent).
Despite low retail land supply and strengthening demand, the median land lot price in Queensland was fell slightly to $260,500, the Oliver Hume report said – mostly because of shrinking block sizes.