Things are starting to look up for the Australian property market, especially on the Sunshine Coast with agents reporting increased activity as well as sales. We'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.
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: