Maroochydore CBD is a “City by the Sea” and is the first “greenfield” CBD in Australia providing the business heart to the Sunshine Coast, creating a commercial office and retail precinct. It is the home of the Maroochydore International Airport which services the Sunshine Coast.
Pre-covid, the Sunshine Coast has seen a hive of economic activity in recent years, with the highest investment per capita in infrastructure projects, with more in the pipeline, since the announcement of the Olympic Games in 2032,
Nowhere is this more true than in Maroochydore. A brand new CBD is being developed, drawing a swathe of new businesses, job opportunities and residents to the area. With this much local investment into infrastructure it’s no wonder it’s one of our top property locations.
Watch the video below from Walker Corporation discussing the significant opportunities for growth in the Sunshine Coast as the CBD is further developed together with the development housing.
With 80% of residents living in Maroochydore, all year round, this is a great suburb to invest in. Median property prices over the last year range from $940,000 for houses to $605,000 for units. If you are looking for an investment property, consider houses in Maroochydore rent out for $620 PW with an annual rental yield of 3.9% and units rent for $495 PW with a rental yield of 4.8%. Based on five years of sales, Maroochydore has seen a compound growth rate of 27.0% for houses and 22.2% for units (source: realestate.com)
The popularity of the region is highlighted with Buderim, a short 12 minute drive from Maroochydore, topping the largest number of sales, in Regional Queensland (2021) at 746 houses sales, followed by Hope Island on the Gold Coast at only 478.
Record price achieved for penthouse apartment in Buderim!
We were appointed by the vendor to develop a strategy to maximise the price for their penthouse in Buderim, whilst reducing stress which is always important! Rhonda and Peter had many years of enjoyment in the property together. Given they were based in between Melbourne and Buderim, they were seeking an “on-the-ground” representative, with local knowledge and the breadth of experience to drive the best value in the sale, given the unique attributes of the property and that is when we stepped in to help them.
On behalf of Peter and Rhonda, we appointed best in class agents, Brent Higgins and Peter King from Ray White, Mooloolaba. Without a doubt they had a broad reach to the target buyer profile to ensure the maximum result was achieved for the owners and the sale of their beautiful home.
The difference between the best in class agent and an underperforming agent directly impacts the selling price & financial returns of one of your biggest assets – it’s worth a lot of money to you, and not something you should take a gamble on!
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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 consultation with our local expert and Qualified Property Investment Adviser, Christine Mount. Christine’s advice is completely independent, one-on-one and cost and obligation-free.