If you can identify and purchase the right property, the Sunshine Coast continues to top the list of Australia’s best property investment locations. While like many other locations, it has taken a recent boost coming into 2021, what is happening on the coast has been building for years and is not an isolated event.
Through sustained commitment to localised investment in the area including a brand new Central Business District and several new masterplanned suburbs, the Sunshine Coast has emerged as not only a holiday and lifestyle destination but a business one too, the effects of which can be seen in a swathe of interstate migration from the country’s major capital cities.
$20bn Infrastructure Program
580,000 Projected population by 2041
$81m University expansion
20,000 New jobs to be created over five years by new CBD
$347m Airport upgrade
$5bn Brand new health precinct
33% Ten year increase in median detached home price
3 New multi-billion dollar communities projects
$615,500 Median house price
“Housing demand on the Sunshine Coast is so great, not only does it need to see another land development equal to Aura in size as a minimum, it needs almost three Auras vertically, during the next 20 years to keep up.”
– Mal Cayley, Directive Collective COO
“We’re in for a strong ride for the next couple of years—land prices, particularly in those supply constrained growth corridors, will skyrocket.”
– Bruce Harper, AVID Property Group Queensland general manager
Although there are many factors that influence markets, perhaps the strongest of these drivers are as follows:
When a location delivers on all these fronts the results are high yield, high cash flow positive investment opportunities alongside enviable capital growth – everything your property portfolio needs.
A recent report by the Regional Australia Institute identified four “game-changing”, job-creating projects that are driving migration to the Sunshine Coast and in effect creating this unprecedented demand in recent years.
The above is by no means an exhaustive list – The Sunshine Coast is alive with new infrastructure and development activity contributing to growth in the area. For more information, read our Sunshine Coast 2021 Investors Guide by downloading it from our resources page here or book a call with a property advisor today.
High demand and low vacancy rates not only give remove the worry that your property won’t always be filled, competition for sought after properties between prospective tenants will also drive up your rental yields and make your cash flows even healthier.
For instance, if a tenant pushes their offer up by just $30 per week above the listed price to secure your property, that’s an extra $1,560 a year in rental yield with no extra effort on your part. We can’t stress enough how important local demand is for your cash flows and the Sunshine Coast market is a perfect example of that.