The Sunshine Coast’s top suburbs for investment have been revealed by a leading property expert, James Fitzgerald.
Mr Fitzgerald said there has never been a better time to buy an investment property in the region, with low vacancy rates and demand for property at an all-time high.
Despite recent price rises, there were still good investment opportunities within suburbs that are in high demand with renters. His top three suburb picks are Caloundra, Palmview and Birtinya.
Caloundra being an affordable suburb close to the beach and will benefit from infrastructure improvements. It’s also still considered close to Brisbane, so it’s well placed for those wishing to continue working from home, even once lockdowns come to an end.
Palmview is close to the Sunshine Coast University and the new Maroochydore CBD and offers buyers a tree change lifestyle not far from the beach. Houses in Palmview have been achieving high rental yields, which make it an appealing investment location.
Birtinya, the most expensive of the three suburbs, had a lot going for it, including access to the beach and the Sunshine Coast University Hospital. It was also close to the Sunshine Coast Stadium at Kawana, which had been earmarked for an upgrade for the 2032 Olympics.
All three suburbs have very low vacancy rates, well below the 3% rate that is considered to reflect a balanced market.