Coochiemudlo Island
Coochiemudlo Island
is a small red clay island in Moreton Bay of approximately
2km². It is located a short ferry ride (abt 1.5 kilometres)
from Victoria Point on the mainland. It has local shops, a
golf course and is surrounded on three sides by sandy beaches.
It is popular as a holiday destination and weekend retreat
for many mainland property owners. It has a permanent population
estimated at 708 people (2011 census). With advancements in
communication and information technology, people are increasingly
choosing places like Coochiemudlo Island to work from home.
In line with other
locations, Coochiemudlo Island real estate took a hit during
the Global Financial Crisis of 2008, bottoming out in mid-2011.
Values remained fairly level, but in that time the Southern
Moreton Bay Islands, including Coochie, saw a significant
increase in both building activity and population. More and
more people were starting to realise the benefits of Island
life and Redland City Council were finally starting to pump
money into much needed infrastructure.
Now finally the
Banking sector are making investment into the Southern Bay
Islands, including Coochiemudlo Island, a little more realistic
with less stringent loan to valuation ratios. Since the last
quarter of 2020, we have seen a marked increase in value for
the better situated real estate.
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