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 Mortgage Brokers would love to help you!
Licensing statements: Orchard Mortgage Brokers (Qld) Pty Ltd ACN 671 112 137 Trading As Orchard Mortgage Brokers is an authorised Credit Representative 556459 under Australian Credit Licence 389328 General disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply