THE LUXE COASTAL BLOG

BUYING A PROPERTY ON THE SUNSHINE COAST?

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Updated 2nd May 2022: Buying a Property on the Sunshine Coast?

The Sunshine Coast is one hour north of Brisbane and is one of the fastest-growing regions in Australia with the property market offering incredible opportunities for the educated investor or owner occupier with demand for housing constantly overwhelming supply.

The Sunshine Coast encompasses beach resorts, surf spots and rural hinterland in southern Queensland, Australia. It stretches from the coastal city of Caloundra, near Brisbane, north to the Cooloola section of the Great Sandy National Park, home to multicoloured sand dunes, mangrove forests, and shallow lakes. Upscale Noosa Heads has boutique shops, waterways, and walking trails through Noosa National Park.

 

Encompassing a population of 390,000 through 130 cities and towns including coastal Noosa Heads, Sunshine Beach, Caloundra, Mooloolaba, Maroochydore, Marcoola, Coolum, and Rainbow Beach as well as the hinterland towns of Gympie, Eumundi, Yandina, Nambour, Mapleton, Montville and Maleny. By the end of 2021, Sunshine Coast suburbs like Minyama, Sunshine Beach (47.6% growth) and Buddina (44.3% growth) are Australia’s top regional suburbs for growth.

WHERE CAN I BUY ON THE SUNSHINE COAST?

The strength of a regional economy is based in its’ diversity across several key sectors including healthcare, education, finance and professional business services.

There are so many opportunities for solid returns, but it’s the understanding of each local precinct that will ensure your investment stays the test of time.

MEDIAN HOUSE PRICES OVER $1 MILLION

According to Domain Real Estate, “there are now 17 suburbs in the Sunshine Coast region with median house prices of $1 million or more, including Noosa Heads, Coolum Beach and Mooloolaba. Sunshine Beach is just $50 away from becoming Queensland’s first $3 million suburb.”

Prices in Minyama soared by 82 per cent in the space of just 12 months. Sunshine Beach, where the sale of a $34 million trophy-home obliterated the Queensland property price record, went up by 50 per cent.”

HOUSING UNDER $850K

Finding your affordable Luxe on the Sunshine Coast is possible. The Sunshine Coast median house prices outperformed Brisbane, leaping to $875,000 over the quarter (Dec 2021) Dr Nicola Powell, Domain Chief of Research and Economics.

In March 2022, Domain (real estate) released the suburbs where the median house price is under $850,000.“…based on annual median house prices up to December 2021 show that while houses close to the beach have become significantly more expensive, there are beachside suburbs where it’s still possible to get in for under $850,000.Golden Beach at Caloundra, Maroochydore and Currimundi all fall within that price range, although buyers would not be on the beach side of the highway for that price, said Katherine Carter of Harcourts Caloundra.

For more detailed information click on Where you can still buy on the Sunshine Coast for less than $850,000

HOUSING UNDER $650K

It is still possible to secure property on the Sunshine Coast under $650,000.Our personal favourite is pockets of Meridan Plains, where you can secure property in biking distance to the Sunshine Coast University Hospital and the beach.

“The flow-on effect of increasing house prices was now playing out in the local unit market, Mr Chapman of Direct Agents said.

“When houses get to a value that first-home buyers can’t afford, then down the track you see units and townhouses spike – that’s what we’ve really seen happen in the past few months,” he said.

Suburbs to explore include Meridan Plains (our top choice), Baringa, Nambour and Caloundra West.

WANT TO FIND OUT MORE?

Get the latest insights, property market knowledge and buying strategies, and discuss your plans for investing in Sunshine Coast property?

Book a free consultation with our local expert and qualified property investment adviser, Christine Mount. Christines’ advice is completely independent, one-on-one and obligation-free.