September 2024
Sunshine Coast property market
The Sunshine Coast Property market continues to present well for investors being a Thriving Investment Hub, Fueled by Infrastructure Investment and Population Growth.
The Sunshine Coast property market is indeed a compelling choice for investors. With ongoing infrastructure developments and steady population growth, it’s transforming into a thriving investment hub. Here are some key reasons to consider :
Current Market
The Sunshine Coast Government Area (LGA) has experienced significant growth, driven by over Twenty Billion Dollars of Infrastructure Investments, a rapid and strong population growth and a strongly healthy diversified economy.
Infrastructure
- The relatively new and rather large medical precinct (both private and government hospitals, medical suites and more) offering world class training for medical personal in a world class healthcare facility
- Global connectivity via the Sunshine Coast International Broadband Network submarine cable
- Robust Economy
- Strong tourism market
- Modern robust education system
- Location offering stunning natural beauty, beaches, mountains, parks, sporting facilities and more
Diverse Rental Market
With a mix of retirees, families, and young professionals, the rental market is diverse. This variety can lead to stable rental income and lower vacancy rates, making it a safer investment.
Sound Investment Fundamentals
The combination of low vacancy rates, rising rental prices, and ongoing development projects presents a solid foundation for long-term investment growth.The region’s stunning beaches, natural beauty, and vibrant community make it a desirable place to live as an owner or Renter. This appeal continues to attract both investors and tenants, ensuring a strong rental market.
Key Takeaways for Investors in Summary Include
- Population forecast to grow from 342,500 to 518,000 by 2046
- Strong Population growth ensures ongoing and growing demand for housing
- Over $20bn Dollars of infrastructure projects (completed and underway)
- Creating thousands of new jobs
- New jobs attract strong population growth
- Population growth places upward pressure on housing for owners and renters
- Equating to your opportunity as an investor to achieve capital growth potential, low vacancy rates and healthy rental yields
- The Sunshine Coast Economy has grown by an average of 4% annually, outperforming the national rate
- Major projects such as the Maroochydore CBD development and Kawana Health Hub are creating thousands of jobs.
- The market has indicated a potential 8% annual property growth rate
Property Market Report
If you’re considering investing in property, the Sunshine Coast offers a promising landscape with significant potential for both capital growth and rental returns. For a more detailed analysis, be sure to check out the full report!
Download the full LGA property report dated September 2024 here
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