Sunshine Coast, QLD
The Sunshine Coast has become the strongest property market in Queensland, boosted by the strengthening of its economy and major spending on infrastructure.
Few factors generate 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 on the Sunshine Coast, bringing new residents to the area, and this process is set to continue.
Over $20 billion in major infrastructure projects and private investment is recently completed, under construction or in the planning pipeline. Work on the new 53ha Maroochydore CBD is now under way, with office, hotel and residential buildings moving to the construction phase in mid-2019.
And as completion of the Sunshine Coast International Airport in 2020 nears, the Coast will be opened up to international markets. The International Broadband Network (a submarine cable connection to Asia) will further enhance the process.
With a robust economy that has averaged growth of 4% per year over the last 15 years, well above the national rate, opportunities to invest wisely continue to present themselves.
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.
The Sunshine Coast was Hotspot of the Week on 10 September 2019