Positive Outlook Good News for Cooroy Business

From Maleny to Cooroy, Noosa to Caloundra the vibe is overwhelmingly positive for local businesses on the Sunshine Coast, according to the results of latest Sunshine Coast Business Confidence Survey.

More than 220 businesses responded to survey in late 2014, offering insights and predictions on the state of the local business economy for the coming year.

According to Sunshine Coast Mayor Mark Jamieson, the results are some of the most positive since the survey began in 2009.

“The business confidence index has rise to 116 points, which is an all­time high since surveying began here in 2009 and nearly 20 points higher than the rock bottom depths of April 2011 after the Qld floods,” Councillor Jamieson said.

Head of Financial Markets Research at Suncorp Bank, Daryl Conroy suggested the positive outlook for local Sunshine Coast businesses was also influenced by a number of larger factors.

“Sharp declines in the value of the Australian dollar over the last 6 months promises a double benefit. Firstly, a lower currency is expected to encourage a rise in international tourism, as their purchasing power strengthens,” Mr Conroy said.

“Secondly, domestic tourism should see a return to growth as Australians opt for local holidays over international travel. Also Important for the Sunshine Coast is the fact that the New Zealand economy is performing strongly and a decade high New Zealand dollar (relative to the Australian dollar) should boost tourism numbers over the coming year.”

Cooroy business operators said that any improvement in regional business sentiment was encouraging, but agreed that local factors and a great community had a bigger impact on business outcomes in Cooroy.

Manager of Cooroy Mitre 10 Robert McInnes said the store enjoyed very consistent sales each month, despite swings and changes in the broader Australian economy.

“We are quite fortunate, the business runs at a very steady rate. There is a lot of loyalty in Cooroy, people will always come here first,” Mr McInnes said.

“Over the last seven years our sales figures have basically stayed the same or within about a 5% band each year, despite big changes in the global economy.”

Cooroy Business owner, Melanie Dow of the Maple Lane Gift Shop said the rapid growth of the Cooroy community kept local businesses strong.

“Four years ago I had the only gift shop in Cooroy, but since then many new businesses have popped up in town, reflecting the rapid growth the community is experiencing.

“I see it directly with my customers all the time. People are moving here from all over, some from Cairns, from Tasmania and a lot of people downsizing locally from places like Noosa.

“Cooroy has everything you need, but offers a quieter, slower lifestyle in a friendly community.”

Hinternoosa estate agent David Cerar said the popularity of Cooroy in recent years had led to a tightening in the availability of housing.

“Market conditions have remained steady in 2014 and largely reflect the trend experienced in the previous calendar year,” Mr Crerar said.

“The supply of housing in the Cooroy township precinct has tightened over the last 12 months and the increase in the building activity is further evidence of prices consolidating and a low level of supply in resale housing.”

Mr Crerar said Cooroy’s newest housing development Erindale Park was one of the best options for anyone looking at relocating to Cooroy.

“This is a quality planned community that will offer residents so much more than just bricks and mortar. At the heart of the estate is seven acres of community parkland that will feature bikes tracks and walking trails for residents.”

For more information about Erindale Park visit www.erindalepark.com.au or phone David Crerar from hinternoosa on 0418 712 054 or (07) 5447 7000 or
email: davidc@hinternoosa.com.au