If you’re in the market for a new house, you’re likely wondering how to find a great deal on the Sunshine Coast. While you should do your research, you should also be prepared to travel to the region. A mortgage broker is a good idea to have on hand, just in case. In addition to researching the property market, make sure you decide if it’s the right area for you before you begin looking for properties.
Although the Sunshine Coast is an ideal place for homeowners, the market remains competitive and difficult for renters. The number one issue is affordability, and it needs to be addressed ‘today’. This means better planning and government involvement in managing housing supply. However, there’s no denying the region’s enduring potential. In fact, it’s already showing signs of becoming a New York City-type city. So what can be done?
The Sunshine Coast’s property market has been hot, with prices breaking records in recent months. With renewed investor confidence, prices have climbed to new highs, and Sunshine Coast properties have become some of the country’s best deals. While the property market in the region is still a little bit inflated, compared to Sydney and Melbourne, the Sunshine Coast is a bargain. The median price of a house on the Sunshine Coast is $1,615,404. Noosa’s median house price has risen by 1.6 per cent month-by-month, five per cent quarterly, and nearly 30 percent year-over-year.
The Sunshine Coast is also benefiting from historically low interest rates. This has driven new residents to the region in search of a better lifestyle. With these new residents, property prices are still extremely competitive, but with the market tightening, new property supply is expected to increase in the coming years. The Sunshine Coast is poised to remain this way until 2022. You don’t want to miss out on this opportunity! Get in the market before it’s too late. You’ll regret it!
Prices in Sunshine Coast have soared by $155,000 in the last year, which is the steepest rise since 2004. Despite these increases, the Sunshine Coast’s median house price is still $792,000, up $122,000 from June 2021. But don’t be fooled: the price of a six-figure Sunshine Coast home could be even higher by the time it hits the market in 2022. It’s just one of the many reasons why the Sunshine Coast property market is hot, and it’s worth paying a little more attention now.
As a result, the Sunshine Coast property market is set for a decade of growth. The underlying factors driving the local property market are an increased population and a lack of housing. Mr Cayley, owner of the company Directive Collective, leads a team of property experts who undertake research on the Sunshine Coast property market. Adding to these factors, the current interest rates are historically low, which is another factor that fuels the market’s rapid growth.
The Sunshine Coast property market is poised for a strong expansion over the next two years. With an economy growing at a rate of two percent over the past two years, prices and rents are expected to increase significantly over the next couple of years. Meanwhile, the Sunshine Coast airport expansion project has added a touch of interstate awe to the region. With such an attractive combination of factors, the Sunshine Coast presents multiple opportunities for business expansion.
In recent years, the Sunshine Coast has broadened its industry base, with education, healthcare, professional services, retail, construction, and accommodation and food services. Education and training are Sunshine Coast’s most important industries, and are followed by health care and social assistance, construction, and retail. These sectors account for the majority of employment on the Sunshine Coast. Further, finance and insurance services have been important factors driving growth since 2006-07.
Despite these trends, the Sunshine Coast continues to offer a good opportunity for investors and home owners. The region is poised to become one of the premier real estate destinations in Queensland, and property prices have continued to rise. The region has low vacancy rates and excellent rental yields, and savvy investors have noticed the enormous potential. It’s not just the sunny weather that attracts sea-changers – it’s also the low cost of living, a great lifestyle, and high rental returns.
The Sunshine Coast’s population has also grown at an astonishing rate in recent years. According to the latest Sunshine Coast property market report by Direct Collective, the region has gained over 35,000 new residents in the past three years. That’s the highest annual growth rate since the early 2000s. Meanwhile, residents are turning to hedging plants and screening plants for privacy and peace. While these plants can also improve property value, they also reduce energy costs. And, according to a recent survey by wholesale nurseries, the Sunshine Coast will soon see shortages of certain popular species.
The post How to Find a Great Deal on the Sunshine Coast appeared first on Sunshine Coast Local.
source https://www.sunshinecoastlocal.com.au/how-to-find-a-great-deal-on-the-sunshine-coast/
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