With one of the largest economies in Australia ($17.7 billion), the Sunshine Coast has achieved a growth of more than 4% per year over the past 15 years – well above national averages.
A recent report, The Ryder Report, shows through extensive investment in major new infrastructure, the Sunshine Coast economy has strengthened and diversified. From this, it is one of the Top 10 leading regions in the country for generating employment (adding more than 20,000 jobs over five years.)
The growth of the Sunshine Coast economy translated into generous uplift in the residential property market. For the past two years in Queensland, the Sunshine Coast has been the strongest property market, out-performing more high-profile markets (such as Brisbane & the Gold Coast) on market activity and price growth. The June 2019 report from valuation firm Heron Todd White found that house values were declining in the Gold Coast, whereas the Sunshine Coast was moving strongly in the opposite direction. Positioned in the “Approaching Peak of Market” sector, the Coast remains the number one market in the state.
With an additional 9,000 people each year calling the Sunshine Coast home, local government areas are expected to reach a population of 580,000 by 2041 – up by 22,000 from previous forecasts.
Large infrastructure developments such as the Sunshine Coast Airport expansion, the Maroochydore CBD development, and the University Hospital, combined with our beautiful beaches and a desired relaxed lifestyle, attracting new residents and investors from southern states. Vacancies are low (below 2% for most Sunshine Coast suburbs) and, unlike some other suburbs in Regional Queensland, houses are being sold at a profit, according to CoreLogic’s Pain and Gain report.
With strong projections for investment and ongoing capital growth, there has never been a better time to secure a piece of paradise. Whether you are a homeowner or investor, talk to our team of experts today and we can help you with your next property journey.
