The Sunshine Coast is now Australia’s No.1 growth market, according to our Price Predictor Index. It has more suburbs with rising sales momentum than any other LGA (Local Government Area) in the nation.
This is translating into price growth. Several housing markets have recorded double-digit growth in median prices in the past 12 months, including:-
Alexandra Headland up 16%, Bokarina up 13%, Dicky Beach up 16%, Mt Coolum up 23%, Noosa Heads up 13%, Peregian Beach up 13% and Sunrise Beach up 15%.
Yields are solid. Most suburbs have median rental returns in the 4.6% to 5.3% range for houses, and between 5.2% and 6% for units.
This has been driven by big spending on infrastructure and urban renewal development. Projects under way or in planning total well over $20 billion.
The jobs market is growing on the back of construction projects and tourism – and this is driving strong demand for real estate.
If you are looking at purchasing for investment or owner occupier and need local knowledge, we here at Orchard Financial Group would love to help you!