Sunshine Coast, QLD
The Sunshine Coast has been named one of Australia’s top 3 boom areas for health and social assistance employment. This follows the creation of the new health precinct, based around the $2 billion University Hospital opened in 2017 - a game-changer for the region’s economy and property market.
The Sunshine Coast is now Queensland’s strongest real estate market, supported by a robust economy that has grown by 4% per year over the last 15 years, well above the national rate of economic growth.
Combined with the neighbouring Noosa and Gympie LGAs, this region is easily the stand-out market in the state, inspired by big investment in infrastructure. In total, over $20 billion in major infrastructure projects and private investment is recently completed, under construction or in the planning pipeline.
Nothing supports property price growth like major new infrastructure spending, which generates jobs, economic activity and improved amenity for residents. In the last five years, 20,000 jobs have been created, bringing new residents to the area.
And as completion of the Sunshine Coast International Airport in 2020 nears, the Coast will be opened up to international markets. The $1 billion submarine cable will further enhance the process.
This report covers the suburbs and towns of Alexandra Headlands, Birtinya, Bli Bli, Buderim, Caloundra West, Coolum Beach, Currimundi, Doonan, Golden Beach, Kawana, Little Mountain, Marcoola, Maroochydore, Mooloolaba, Mount Coolum, Nambour, Noosa Heads, Noosaville, Palmwoods, Parrearra, Pelican Waters, Peregian Beach, Peregian Springs, Sippy Downs, Sunrise Beach, Sunshine Beach, Tewantin, Twin Waters, Warana, Woombye and Wurtulla.