We are locals and proud of it!
There are so many reviews about the Sunshine Coast however many are written by analysts. Whilst these reports are factual and valuable, but they don’t always show the local passion about this amazing are of Queensland. As locals we wanted to give a more personal view of how we see the area developing and especially the areas that make buying property a sound investment with environments that encourage employment, schooling, great developing infrastructure, amazing education hubs and beautiful green spaces for all the family to enjoy and not of course forgetting the stunning beaches along the coastline from Noosa Heads to Caloundra.
The last few years has seen the region grow at a staggering rate and sometimes within just a few months there have been major changes especially in Maroochydore the epicentre of development. The beauty of the variety of current residential and commercial developments has, and will continue to be in our opinion, the opportunity for both locals, interstate sea and tree-changes to work, live and relax in what arguably (and especially to us locals) is the best place on earth!
The Sunshine Plaza Redevelopment in Maroochydore has provided 100 more shops and retailers with improved waterfront dining and the much-needed extra parking. At Kawana Shopping World the new Cinema Complex has brought a welcome boost to entertainment on the coast and we are finding as Buyer’s Agents that the areas from Mudjimba to Caloundra are hot property areas. People are looking for established homes either for renovation or dual occupancy (a great growth market for families and those wanting to cash in on Airbnb), and larger than the average blocks with potential for redevelopment further down the track.
For first time buyers and downsizers, areas such as Aura in Caloundra South, Harmony at Palmview, Birtinya adjacent to the new Sunshine Coast University Public Hospital & Private Hospital and developments slightly further out in Landsborough and Beerwah to name but a few, the coast is catering for all age groups of buyers and renters, wanting locations where there is a rail service such as Nambour and Caboolture and for commuting to Brisbane but still within a few minute’s drive of beaches and not forgetting our beautiful hinterland areas of Buderim, Montville, Maleny, Kenilworth and surrounds having so much to offer to owners and visitors alike.
Not to be forgotten of course is iconic Noosa Heads and its beautiful beach and National Park. For many this area was always thought of as being just for the wealthy and Hastings Street has often been referred to as the “South of France” of Australia. However, over time, whilst property in close proximity to the beach and the Noosa River are still in the high median price bracket, nearby suburbs such as Tewantin, Cooroibah, Cooroy and Eumundi have become extremely popular as their close proximity to beaches and hinterland are very attractive alternatives, with potentially a lower median price level with excellent schools, public transport, sporting facilities and shopping centres.
There are other contributing factors relating to the growth of the Sunshine Coast in general and one of course is the huge injection of funds for the Sunshine Coast Airport expansion which is estimated to bring around $4 billion to the local economy and job growth when the new International runway will open in 2020.
The Sunshine Cost University has recently completed an $81 million expansion with a projection that 20,000 will be studying there by 2020. WHAT DOES THIS MEAN FOR PROPERTY INVESTORS? Supply is already very low for rental property therefore, this is an amazing opportunity to purchase a property within this area where demand is already stripping supply.
As we travel the coast daily with clients and as residents it seems that new roads are opening overnight, with many landscape changes which we are slowly getting used to, as old landmarks are no longer there. All in all, we consider this part of Queensland to HAVE IT ALL! With growth comes challenges for our local government, but by what we are seeing these challenges are positive and improving the lifestyle of all who are fortunate to call the Sunshine Coast HOME!
The Sunshine Coast’s population is approximately 320,000 people and is growing at a rate of approximately 2% per annum.