Sunshine Coast sizzles as waterfront dreams become reality with new Pelican Waters land release

Rising demand and moderating building expenses are creating new opportunities in the waterfront property market of southern Sunshine Coast, following the unveiling of a fresh land release at Pelican Waters. This latest development arrives shortly after the precinct celebrated the opening of a $16 million marina, further heightening buyer interest in the area.

Hamish Pressland, the General Manager of Development for Pelican Waters, shared that inquiries for the new lots have been significant. “Demand has been solid with three waterfront sales achieved within one week of the release, which can be attributed to competitively priced land along with outstanding product,” Pressland remarked.

The current offering continues the momentum from the successful Castaways Precinct and consists of six prominent waterfront sites. These lots range from 475 to 884 square meters, sporting a starting price of $960,000 — a figure that holds considerable appeal when considering the higher costs associated with rebuilding on existing waterfront properties. “Given that buyers are paying over the $2 million range to knock down and rebuild on the canal front, you can see why $960,000 for a blank slate to create the home of your dreams holds plenty of appeal,” explained Pressland.

Anticipating future resident’s lifestyle, the lots are designed to harmonise with their nautical surroundings. “These lots are set in perfect tune with the nautical environment plus an abundance of parks, open spaces and walkable foreshores connecting future residents to everything Pelican Waters has to offer,” Pressland added, emphasizing the overarching commitment to quality and the exceptional living standard on offer.

With tightening land supply adding upward pressure on prices, those aspiring to build their coastal dream home at Pelican Waters are advised to act promptly. “The advice for those looking to secure their own slice of Pelican Waters to build their dream coastal home would be to register your interest via the Pelican Waters sales office or website. These lots represent the very best of Pelican Waters living,” said Pressland.

Encouraging trends in the construction industry suggest a more accessible pathway to waterfront living. CoreLogic indicates a decrease in construction costs, as consecutive quarterly reductions have led to a stabilization reminiscent of rates from March 2021. This provides some relief for both prospective buyers and builders.

Pelican Waters also presents a range of well-designed and priced waterfront home options, some of which fall below the $2 million mark. Pressland highlighted, “Now is a great time to be speaking to display builders at our village.” With high-demand and comprehensive lifestyle amenities offered by the new marina, the opportunity to engage in waterfront living appears to be increasingly attractive.

The urgency for buyers to seize this unique lifestyle opportunity is underscored by the limited land supply. As property values continue to climb amid stock shortages, the timing for securing property at Pelican Waters seems particularly opportune. “With property values continuing to rise due to severe shortage of stock now has never been a better time to build,” concludes Pressland, suggesting a golden window for those considering a waterfront lifestyle on the Sunshine Coast.