According to real estate market experts, Sunshine Coast has become a key investment destination in Queensland currently. There are several factors which have drawn investors to this region including lower supply, the growth in population and solidity of the rental market. Sunshine Coast ranks high on the liveability index, thereby offering ample future scope for growth in capital values. Sunshine Coast offers good returns as compared to several other housing markets in Australia. The latest growth trend is expected to continue in the future as per experts.
Sunshine Coast has also benefited from multiple infrastructure projects which are helping citizens live elevated lifestyles. There are major investments being made throughout the region into the creation and upgradation of infrastructural facilities. Work is ongoing for the development of a new runway for the local airport and this will get international status by the year 2020 as per reports. A new health precinct and hospital have also come up recently. There is a pressing need for more investment properties in this region to cater to requirements of the growing population.
The population comprising of around 298, 000 residents in Sunshine Coast could rise to 5, 50, 000 people over the next 23 years and this will need more than 100, 000 new housing units to be developed here. The rental vacancy rates are only 1% here and 0.5% is the rate in Caloundra. This will draw more investors who are presently earning approximately 5% in rental returns. The growing popularity of townhouses and sub-$350, 000 housing units also augur well for the realty market in Sunshine Coast. Other key suburbs witnessing growth include Kenilworth Minyama, Beerwah, Yandina Creek, Mapleton, Mount Coolum, Peregian Springs, Montville, Battery Hill and Mudjimba among others.
Sunshine Coast becomes top investment destination in Queensland
