Sunshine Coast, QLD
The Sunshine Coast is one of Australia’s most compelling growth markets. Having previously been a market hampered by a struggling tourism economy and an over-supply of dwellings, the coast moved into a growth phase in 2014, which has continued through to 2018. A $20 billion program of development has been pivotal.
The market is being helped by multiple factors.
The tourism industry is stronger; the local economy is more diversified; the market is more balanced in terms of supply–demand; apartments are increasing in popularity with both home-buyers and investors; and serious money is being spent on infrastructure in the area.
This last factor is important. Nothing supports property price growth like major new infrastructure, which generates jobs, economic activity and improved amenity for residents.
The big-ticket item is the $2 billion Sunshine Coast University Hospital which opened in April 2017. There is also the $150 million private hospital built in association with it, as well as the Oceanside Kawana Health Hub.
Infrastructure and property developments under way or in planning for the Sunshine Coast total around $20 billion.
This represents a major boost to economic activity, jobs and real estate demand.
This report covers the Sunshine Coast LGA including the suburbs / towns of Alexandra Headlands, Bli Bli, Buderim, Caloundra, 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, Woombye and Wurtulla.
The Sunshine Coast was Hotspot of the Week on 31st October 2018.