EXPERIENCED investor Kahla Gerard has dipped her toes into the Queensland market with her first property at Cyan on the Sunshine Coast.
Developed by Mosaic Property Group, Cyan is a $20 million boutique, beachside project featuring designer apartments with uninterrupted views of King’s Beach and the Glass House Mountains.
With the Sydney property market at an all-time high and rental yields under pressure, investors such as Ms Gerard have had to search for better value interstate.
Ms Gerard is an avid investor keen to rebuild her property portfolio outside the Sydney market and she said Cyan ticked all the boxes.
“The Queensland property market offers a lot more in terms of value,’ Ms Gerard said.
“Sydney’s property market is priced out, properties have reached the top of the market and there are better capital growth opportunities elsewhere. The Sunshine Coast market is particularly attractive because it’s being supported by significant infrastructure spending.”
Ms Gerard believes her property will deliver on all fronts as an investment, including design, quality and delivery.
“Mosaic has an outstanding track record and an impressive portfolio of completed developments. I had no reservations about my investment,” she said.
“The quality of build that Mosaic provides in all of its projects, as well as the timeliness and delivery of their work, is faultless.”
As an experienced investor, Ms Gerard sees the potential her property can bring as the Sunshine Coast grows.
“The expenditure being put into the region to develop the city’s infrastructure is a major advantage,” she said.
“This will generate jobs, boost the local economy and that will ultimately lead to capital growth in the region.
“Another major drawcard for me was location and lifestyle. The Sunshine Coast itself is definitely a ‘hot’ location.”
According to Sunshine Coast Council data, the region is benefiting from a combined $11 billion in private investment and public infrastructure works that are either under way or in the pipeline. These include the Sunshine Coast University Hospital, the expansion of the Sunshine Coast Airport and development of the Aerospace Precinct.
A surge in buyer activity has led to a stellar sales streak at Cyan for Mosaic Property Group since the project’s release late last year with 95 per cent of the project now sold.
The beachside development has attracted owner-occupiers and investors alike looking to capitalise on strong market conditions.
Ms Gerard has purchased a two-bedroom, two-bathroom north-facing apartment as her first Queensland investment.
“Cyan is a beautiful development and even though it is primarily an investment property for the moment, I can definitely see myself moving in some years down the track.”
Mosaic Property Group Managing Director Brook Monahan believes it is important to consistently deliver on buyer expectations with every project.
“People who buy property, whether as an investment or a place to live, are looking for one thing – value.
“To me, property value is the sum of location, price, growth, costs, and quality and design, and this is what we aim to deliver.
“We have high standards for all our projects and this has been the hallmark of the residences we offer.”
Construction began on Cyan in late February this year and it is on track for completion by February 2018.