THE LUXE COASTAL BLOG

WHY ARE PEOPLE MOVING TO THE SUNSHINE COAST?

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“…demand from internal migration remains strong, with the Regional Australia Institute noting the Sunshine Coast receives the largest share of net internal migration of any region nationally.” – Tim Lawless, CoreLogic.

The Sunshine Coast’s combination of natural beauty, a relaxed lifestyle, job opportunities, quality education, and recreational activities make it a compelling choice for people looking to relocate within Australia or from abroad.

Regional Queensland has recently seen the highest levels of migration, far exceeding the pre-COVID norm. We expect housing demand to continue to exceed housing supply, with Maroochydore, Queensland’s third-largest city expected to see continued economic and employment growth supported by the additional investment and infrastructure for the forthcoming Olympics in 2032.

What are the top 5 reasons that people are moving to the Sunshine Coast?

Christine Mount, Sunshine Coast’s leading buyer’s agent delves deeper into why people continue to relocate to this beautiful destination.

1. Lifestyle: The Sunshine Coast offers a laid-back and relaxed lifestyle, which is a major attraction for individuals and families seeking a slower pace of life compared to larger cities. There’s a strong focus on health and well-being, with numerous outdoor activities, fitness options, and a strong sense of community. If you are looking for coastal towns or hinterland hamlets, the Sunshine Coast delivers lifestyle in spades.

2. Climate: Queensland’s Sunshine Coast enjoys a subtropical climate, with warm temperatures and plenty of sunshine throughout the year. The mild winters and warm summers appeal to people looking to escape colder climates.

3. Community Engagement: Many residents on the Sunshine Coast actively participate in community organisations and initiatives, fostering a sense of belonging and connectivity among neighbours.

Listen to our latest podcast Living your Luxe Life, where we engage in discussions with individuals who have discovered their “home” on the Sunshine Coast. We delve into how they establish a connection between their residence, their chosen way of life, and their sense of community.

4. Connectivity and Easy Accessibility: Accessibility to the Maroochydore Airport and connectivity to Brisbane, affordable public transport options, well-planned communities, walkability, and access to nature make it an attractive place to live for those seeking a balanced and convenient lifestyle.

5. Affordability: While property prices have been rising, the Sunshine Coast is often considered more affordable than major cities like Sydney and Melbourne, making it an attractive option for those looking to buy homes or invest in real estate.

Sunshine Coast’s Property Overview:

The Sunshine Coast, located a mere hour’s drive north of Brisbane, stands out as one of Australia’s most rapidly expanding regions. It faces a unique situation where property availability remains scarce, and there are historically low levels of properties being listed for sale. Meanwhile, demand is on the rise, driven by both interstate and international migration.

Anticipating future trends, it is highly likely that demand will continue to outpace supply. This phenomenon is expected to persist with the forthcoming investments in infrastructure tied to the 2032 Olympics and the ongoing expansion of the Maroochydore Central Business District (CBD).

Notwithstanding this, there is a broad range of price points for median house prices across the Sunshine Coast. We have provided a sample of different suburbs and their median house prices.

What is the median house price for entry-level properties on the Sunshine Coast?

• Nambour: at $656,000 Nambour is favoured by first-home buyers and investors.

• Meridan Plains: at $783,00, within proximity to the Sunshine Coast University Hospital and the expanding health precinct, this area provides a great opportunity for capital growth and returns for investors, where there is continued investment in the health precinct.

What is the median house price for the Central Sunshine Coast?

Mooloolaba: at $1.38m (median price) is not only a suburb for beachfront and canal living, but provides a diverse selection of housing due to its proximity to the New Maroochydore CBD, and Maroochydore International Airport. The area provides affordable buying opportunities for investors and owner-occupiers, whilst the north-facing properties fronting the deep water canals can achieve up to $7.5m, being the record price at 33 Carwoola Crescent.

• Buderim: at $1.07m (median price), is forever popular with families due to its proximity to quality private schools such as Sunshine Coast Grammar School and Mathew Flinders Anglican College (Median ATAR of 92.45).

Minyama: at $1.345m (median price) also boasts waterfront properties with access to deep water canals accommodating large boats. The record sale is 9 Minyama Island at $12m.

What is the median house price for Coastal Townships on the Sunshine Coast?

Peregian Beach: $1.55m (median price) featuring a gorgeous town square, perfect for village and family life, with St Andrew’s Anglican College being a well-regarded school for families.

Coolum Beach: $1.182m (median price), is an upcoming suburb on the coast, with increased demand from families and younger couples.

Moffat Beach: $1.24m (median price) is a favourite suburb for medical professionals supporting the Maroochydore health precinct.

What is the median house price for Noosa and the Surrounding Suburbs?

Tewantin: at $946,000 (median price) offers an affordable entry point into the Noosa lifestyle, located within minutes of the Noosa River as well as national parks bordering the hinterland region.

Sunrise Beach: at $1.7m (median price) offers easy access to a dog beach -with a long walk from Sunrise Beach to Peregian Beach, coastal views and a family-friendly “surf” lifestyle, being well supported by schools.

Noosaville: at $1.69m (median price) offers both a river and canal living lifestyle, prices range from entry-level $650,000 to $ 10 million (north-facing waterfront properties in Noosa Waters)

Noosa Heads: at $2.1m (median price), with a record sale of $27m, Noosa Heads is definitely a playground for holidaymakers and well favoured by both interstate and international migration.

Sunshine Beach: at $2.215m (median price), albeit the top end range being at $34m, the coastal beachfront homes attract both rich and famous looking for the privacy this town offers.

What is the median house price in the Sunshine Coast Hinterland?

Doonan: at $1.6m (median price) and Tinbeerwah at $1.64m (median price) are both located within a 20-minute drive of Hasting Street, Noosa and offer the privacy of acreage amongst a rainforest setting.

Yandina: $852,500 (median price) provides a more affordable option for acreage to Doonan, yet is very well located within easy driving to both the coastal town of Coolum (20-minute drive) and Noosa (30-minute drive).

Thinking of moving to the Sunshine Coast or the Noosa region? Let us Help You Find Your Luxe Life!

If you are exploring buying a home or an investment property on the Sunshine Coast, contact Luxe Coastal Property Buyers.

We are a team of dynamic professionals with a wealth of experience in negotiating property purchases. Christine Mount leads the team with more than 30 years of industry experience and over $1.7B of transactions to her name.

As buyers agents we use our local knowledge, contacts, and expertise to secure your ideal property. We’re well positioned to drive results and secure superior terms for all our valued clients whether you are an existing local or relocating from interstate or overseas.

Book an independent, one-on-one, cost and obligation-free consultation with Christine Mount today.