The Sunshine Coast real estate market is seeing dramatic growth in recent months, and smart buyers and investors know that now is the right time to snap up a property in the area. According to the latest report, the Queensland economy is experiencing an economic resurrection with growth in job opportunities, many new and lucrative infrastructure projects, the boom in tourism, and an increase in migration from other states.
Also, the attractive property prices and the fantastic lifestyle in Gold Coast and Brisbane are attractive for first-time buyers and many investors who want to put their money on new properties. But these smart investors are zeroing in on the Sunshine Coast property market because of the enormous potential from its economic and population growth.
The Sunshine Coast of Yesterday
Many investors are no longer regard Sunshine Coast as an enclave for retired citizens and are seeing the area with a fresh vision. This has become the game-changer for the Sunshine Coast property market. No other cities in Australia of the same scale have experienced this growth with new business opportunities that paved the way for luxurious and state-of-the-art establishments and properties right next to a vibrant city.
Sunshine Coast has grown from its old source of living – construction and tourism to an entrepreneur city, where you can find small to medium business that deals in health, professional services, technology, retail and building sectors that attract more millennials into the region.
Now you can find many developments like the new Sunshine Coast Hospital and the Oceanside Health Hub, which bring new rental demand to the burgeoning rental property market. There is a new CBD that would create more jobs and inject more money into the economy. The city center itself has many significant developments underway, like the airport expansion, the motorway, the fast rail that would link Brisbane and Maroochydore, and some like railway systems that would connect the region’s coastal centers. There is also the new Sunshine Coast University that is a teaching hospital.
What Makes Sunshine Coast Property Market Hot?
The rapid economic and population development is enough reason to make any property investors excited. On top of that, what it has right now is a tight rental market and few quality housings available. This is the perfect storm that any property investor is looking for, and Sunshine Coast presents an ideal investment opportunity.
For anyone who’s into property investment, purchasing a rental property on the area will be the best strategy to rake in cash now. But this is not only a short-term investment because the region’s economy is increasing in strength and numbers. It also has very competitive business conditions.
The property market here has competitive prices, and the beach lifestyle is irresistible for homeowners, but a savvy investor can see beyond the excellent view and the great price. He or she sees great potential in the area.
Sunshine Coast properties have all the qualities of a rising market. It is poised to become the premier destination in Queensland. The promise of low vacancy rates and high rental yields is enough to get property investors on their toes.