He said the project was already 70 per cent pre-sold with off-the-plan sales so far totalling about $50 million.
“We hadn’t even gone to the market—that was all through word-of-mouth and people contacting Cube directly to inquire about the project,” Juniper said.
“We only released the project to market last Friday.”
The project comprises 20 two-bedroom and 30 three-bedroom apartments as well as six four-bedroom, two-level penthouses—ranging in price from $3.3 million to $4.6 million—with rooftop terraces and private plunge pools.
Its subtropical-inspired design by local architect Cameron Sheedy also includes a resort-style podium wellness area, gym, pool, sun lounges, gardens and alfresco dining space.
“The podium is solid and constrained,” Sheedy said. “It works to create a quiet compound that is separate from the vibrant, bustling community beyond Oasis’ walls.
“Large overhangs, glass awnings, natural ventilation, extensive dappled natural light screening and the creation of a considered microclimate work in unison to mitigate and enhance the often-extreme climatic conditions of the coastline.”
Cube Developments currently has two other active projects in the area, the 146-unit Seasons and 245-unit Birtinya Bay. It also has recently completed two other residential developments—Curve and One Prosperity—in Birtinya.
“We’ve had some huge growth on the Sunshine Coast as has the entire eastern seaboard,” Juniper said. “But it’s a different story for the Sunshine Coast because we’ve got demand outstripping supply.
“Down the Gold Coast and Brisbane there’s a lot of supply coming into the market.
“But on the Sunshine Coast there isn’t a lot of developments, there isn’t a lot of land supply and the amount of people coming here is outstripping what was the average.
“Every year for the past 10 years 9100 people turned up on the Sunshine Coast—during Covid 17,000 [a year] started turning up.
“Because of Covid eveyone’s realised they can work from a regional area and still do their job.
“And we’ve got a fantastic lifestyle to offer on the Sunshine Coast.
“So, we’ve had this big jump and we will continue to see incremental increases but I think it’s really about consolidation for the Sunshine Coast right now.
“The crazy thing is you don’t need a lot of net postive migration to actually skew the property market here. If your base is 350,000 residents, two or three thousand more than what was going to be here last year has a real effect on property pricing and take up.”