Investing in property in Sunshine Coast
The Sunshine Coast sits just an hour above Brisbane in South East Queensland and stretches 60 kilometres along the coast. The area itself encompasses three local governments including Caloundra City, Maroochy Shire and Noosa Shire.
The region’s competitive business environment and skilled workforce in combination with new infrastructure and an idyllic lifestyle, make the Sunshine Coast a location of choice for many property investors and residents alike.
Sunshine Coast Property Investment Opportunities at a Glance
Property Market Highlights
- Most rapid growth in rental prices of all Australian major cities.
- A lot of room for growth in investment properties.
- The Olympic Games in 2032 will further stimulate housing demand.
Infrastructure & Development Highlights
- Several major developments planned;
- Sunshine Coast Health Hub – 32,000m2 dedicated health and medical space to serve the growing population.
- Australia’s newest greenfield CBD at Maroochydore City Centre – Australia’s first truly smart city.
- Upgrades to Bruch Highway to improve traffic between major population hubs (to and from Sunshine Coast) have recently been completed.
- Key partner to the Olympic Games 2032.
Economic Growth Highlights
- Key Industries:
- Tourism
- Healthcare
- Constructions
- Supporting 144,819 local jobs for the region.
- The unemployment rate for July 2022 was 3.2%, down from 4.0% in 2021.
Sunshine Coast Location & Lifestyle
This coast location offers up a laidback lifestyle but plenty of natural attractions and events to keep everyone entertained. It’s the perfect combination of city, sea and countryside all in one place and has been voted one of the premier places to live in Queensland. Over the past few years, the region has undergone great transformation due to unprecedented population growth (359,000 in 2022) underpinned by an idyllic lifestyle, job creation, and infrastructure investment.
Sunshine Coast Property Market
The property market in this region is booming. Over the past 24 months, the Sunshine Coast has shown more growth in rental prices than all of the major cities in Australia. The median rental price for a home on the Sunshine Coast is $650 per week. This is up 54% in the last 24 months and is nearly on par with the Gold Coast, which has a median rental price of $690 per week.
Owner-occupied homes make up around 66% of households on the Sunshine Coast leaving less than 24% to investors. This means there is a lot of room for growth in investment properties for the Sunshine coast. In the last quarter of 2022, the median price for a house in the region was $1.066m
Source: www.openagent.com.au
Sunshine Coast Infrastructure & Development
There are several major developments planned for the region in the next few years, including the Sunshine Coast Health Hub. This hub will consist of 32,000m2 dedicated health and medical space and will be an attractive proposition for investment opportunities. Another innovative multi-billion-dollar project is Australia’s newest greenfield CBD at Maroochydore City Centre, dubbed Australia’s first truly smart city because of its extensive use of technology. The ground-breaking development aspires to offer a greener and more liveable city centre that fits in with the Sunshine Coast way of living.
The Sunshine Coast will also be a key partner to the Olympic Games in 2032 and has been given the honour to host four key venues and several sporting events.
Sunshine Coast Economy
The Sunshine Coast’s strong economic profile has outperformed almost every other regional economy over the last decade. The Region contributed $20.9B in Gross Regional Product (GRP) in 2020 and provided 144,819 local jobs for the region. A range of high-value industries is providing significant economical contributions and employment opportunities year after year. These include in particular health and well-being, education and research and knowledge-based industries. With an ageing population, the largest employment industry is healthcare and social assistance, closely followed by retail and construction.
Invest in Sunshine Coast
Stroud Homes Sunshine Coast has a wide range of properties ideal for investors looking for opportunities in this region, including Single story and Dual Occupancy dwellings. Check out our selection of House and land Packages designed specifically with the Sunshine Coast property investor in mind.
Check out our selection of House and land Packages designed specifically with you the Ipswich property investor in mind.