During the COVID-19 pandemic, the property market on Queensland’s Sunshine Coast, just one hour north of Brisbane, continues to move at a cracking pace. This despite an environment which could have slowed or even stunted momentum gathered in the preceding 18 months prior to the COVID-19 lockdowns.
Why is this?
There are a number of key factors driving demand for properties in this region that are keeping this market so buoyant not only today, but also certainly in the future; this is no anomaly, this is an area that has one of the brightest outlooks across the nation.
Firstly, the billions of dollars of publicly and privately funded infrastructure projects; these works will provide unprecedented levels of employment and as a result a surge in housing demand. No longer the sleepy regional centre relying predominantly on tourism along the coastal strip, and to a lesser extent, agriculture in the hinterland, to fuel the local economy; the Sunshine Coast’s economic landscape is diversifying with growth industries in technology/innovation, health, education, and is attracting the attention of major corporations keen to invest in their slice.
The Sunshine Coast is a standout example among many thriving regional markets. I rate the Sunshine Coast one of the strongest economic and real estate stories in the nation and that it continues to produce solid results in its property markets.
– Terry Ryder – National Property Market Commentator & Hotspotting Founder
COVID-19 continues to fuel growth
With a combination of stunning coastline, amazing weather, spectacular hinterland that includes iconic Glass House Mountains and Blackall Range; the Sunshine Coast has always been associated with natural beauty and lifestyle. The only thing holding back the volume of migration to really accelerate economic growth was the lack of employment opportunities and diversification of industry…this is no longer the case.
The vast range of infrastructure projects completed, under construction, and still in the pipeline has firmly established the Sunshine Coast as a major Queensland secondary city. This is providing both short and long term employment opportunities allowing young families to join the vast flow of downsizers relocating to this popular lifestyle region.
Ironically, despite the economic devastation of Covid19, this very event has made Sunshine Coast even more appealing, with an increasing number of the workforce now working from home. The time spent at home during lockdown has also made many reassess their future goals, including where to live and invest.
Investors who take the time to understand the massive shifts underway in the national markets, including the flow of population and wealth into our leading lifestyle cities, are commonly surprised by the affordability associated with purchasing and servicing the costs associated with owning an investment property in these areas.
See for yourself
Invest Approved closely monitors these rapidly emerging locations. We identify investor hotspots that typically provide a cash flow positive experience from day one. It’s important to understand that we test this cash flow based on 100% of the purchase price, plus take into account all property expenses including council rates, insurance, management fees, everything!
If you would like to see what’s possible in this popular growth market please just let us know and we will happily send you an example property pack.