SUNSHINE COAST PROPERTY MARKET IS THE STRONGEST IN QUEENSLAND AND CONTINUES TO SIZZLE

Things are starting to look up for the Australian property market, especially on the Sunshine Coast with agents reporting increased activity as well as salesWe've witnessed rising consumer confidence and it is arguably the most stable period for property purchasers in recent years.

Property prices are forecast to show growth in 2020 and the Sunshine Coast, home to Plaza Central Maroochydore, is benefiting from an economy that is diversifying and strengthening as knowledge-based businesses such as IT, clean-tech, creative industries, aviation and education are contributing to the Sunshine Coast’s healthy growth.

Future Prospects

According to Hotspots, the Sunshine Coast’s fortunes have improved markedly since 2014 and continue to thrive. There are strong prospects for ongoing capital growth, boosted by infrastructure developments such as the University Hospital, the Maroochydore CBD project and the airport expansion. Additionally, the best part of the Sunshine Coast for investors to consider is the southern precinct, which includes Maroochydore.

For home buyers one of the many benefits of investing on the Sunshine Coast is the lower density than is found in areas like Brisbane, in a protected residential precinct that often results in increased demand and pricing. Research from QBE  indicates that Sunshine Coast properties can expect a cumulative increase of 9% over the next 3 years. Median house prices are predicted to reach $650,000 by mid-2021.

Some of the new infrastructure developments on the Sunshine Coast attracting home buyers and property investors:

Sunshine Coast Airport lies 10km north of Maroochydore, with direct flights to major cities across Australia and also direct flights to Auckland, New Zealand. 

The $347m Airport Expansion commenced construction in March 2019 with a new International runway due for completion late 2020. 

Facilities include the University of the Sunshine Coast at Sippy Downs, a campus of Central Queensland University and TAFE campuses at Noosa, Nambour, Maroochydore and Mooloolaba.

The $2 billion Sunshine Coast University Hospital opened in April 2017, creating 5,000 jobs. Nambour Hospital still provides relevant health services to the district while there are smaller hospitals at Caloundra and Maleny, plus private hospitals at Buderim, Caloundra, Nambour, Kawana and Noosa.

The region has major shopping precincts including Sunshine Plaza, a $440 million expansion welcomed the Sunshine Coast’s first David Jones store when it opened in March 2019, and the Kawana Shopping World which has recently undergone a $73 million upgrade. In addition, Youi insurance opened its global headquarters at Sippy Downs in 2018 and has 1300 employees.

A social hub on the Coast

For first home owners looking to enter the market in or around major cities, Sunshine Coast is the ideal place to start your journey of home ownership as its becoming a social hub on the Coast. It’s turned an old farm into a social, recreational lifestyle hub with all the convenience of fantastic amenities – including an array cafes and green parks for the wider community, and resident-exclusive yoga and fitness classes – as well as close proximity to stunning coastal beaches. Downsizers looking for a true neighbourly feel to their community can also take advantage of our low maintenance, brand new 1 & 2 bedroom apartments at Plaza Central Maroochydore with low body corporate fees and affordable prices starting from just $299,000.  

Already 50% secured and selling fast – register your interest today and become part of the Sunshine Coast community.



 

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