We’ve always known that we live in one of the best places in Queensland, but now the Sunshine Coast has been named the best place in the country for capital gains wins for medium to long term investors.
The National Top 10 Best Buys 2020 report named the top 10 locations the best places in Australia to buy property to get rich slow, a strategy more investors are considering now that money is cheap.
The report author, Terry Ryer of Hotspotting, stated that the locations were the “top places for good buying in 2020 for future growth, taking a medium (three to five years) to long term view (10 years plus)”.
“Those in their 20s would be able to retire at 50 with such a portfolio. It’s never too late. We’re living longer than before. They buy good properties and just hold on to them. That’s the secret to creating wealth. The most successful investors are those who just build their portfolio and keep adding to it, that’s the way to create substantial wealth in property investment.”
The Sunshine Coast property market arises out of what’s happening in the local economy hence why it took out the top spot. Prices ranged from up-market Noosa and Sunshine Beach to cheaper areas like Nambour, which were also on the train line. Younger buyers in their 20-somethings looking to break into the market can also look at apartments in Mooloolaba, Maroochydore, and Caloundra.
The report found that over $20 billion in major infrastructure projects and private investment were recently completed, under construction or in the planning pipeline in the Sunshine Coast area, while work on the new 53ha Maroochydore CBD was underway.
National Top 10 Best Buys 2020:
- Sunshine Coast QLD
- Badgerys Creek Precinct NSW
- City of Marion SA
- Bendigo VIC
- Moreton Bay Region QLD
- Darebin LGA VIC
- Gungahlin District ACT
- City of Stirling WA
- City of Port Adelaide Enfield SA
- Orange NSW
(Source: Hotspotting)