Sunshine Coast Is Growing Rapidly
AREA SYNOPSIS
With world class beaches and offering an incredible coastal lifestyle, it’s not hard to see why this area is booming. Being the second highest performing regional economy and employment growth expected of between 60%-120% up to 2026 and very tight rental vacancy rates averaging 1% (the lowest in the state), this is the land of opportunity.
With over $43 Billion in major projects recently completed, underway, approved or proposed in this region, property prices will only continue to grow given the limited land supply and strong demand.
With over $43 Billion in major projects recently completed, underway, approved or proposed in this region, property prices will only continue to grow given the limited land supply and strong demand.
Standout Projects For This Fast Growth Area
- The $340 million dollar Sunshine Coast Airport Expansion due for completion in December 2020 directly opening the Sunshine Coast to international travellers, tourism and investors.
- There is also the recently completed $1.80B Sunshine Coast University Public Hospital, $150M Sunshine Coast University Private Hospital , $81M expansion of USC’s Sippy Downs Campus, $61M Sunshine Coast Health Institute Project as well as projects that are currently in progress.
- These include the $8.50B Bruce Highway Upgrade, $5.0B Caloundra Aura Development Project, $5.0B Oceanside Kawana Development Project and $4.50B Palmview’s Harmony Development Project .
- Projects awaiting commencement are the $400M ‘ACTVE’ sports theme amusement park, $80M Kawana Shopping World expansion project and $TBA Place Making Mooloolaba project.
- On top of this, proposed projects in the region awaiting approval are $1.30B stage 1 of the Sunshine Coast Light Rail project, $900M The Yaroomba Coastal Village Project and the $780M Beerburrum to Nambour rail upgrade.
- Aside from the already very attractive reasons to buy in this region there are only bigger and better things to come in the very near future so now is the time to invest while you can still reap the benefits of the growth to come.
Median House Price For Sunshine Coast
-
buy
$595,000(Price data last updated Apr 30th, 2019)
2 BR
–3 BR
$360,0004 BR
– -
Rent
$450,00(Price data last updated May 6th, 2019)
2 BR
$270 PW3 BR
$300 PW4 BR
$380 PW
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