Businesses Banking On Sunshine Coast Property Market

  • By Peter Gordon
  • •
  • 07 Sep, 2021

The Sunshine Coast office market is the hottest in Queensland, according to a CBRE report, as the region grapples with the growing pains of a booming population.

Vacancy rates dropped from 21.9 per cent in 2019 to 13.2 per cent in July, 2021, as more people moved to the regions in the wake of the Covid-19 pandemic.

According to the CBRE report, the expansion of the medical precinct at Birtinya has partly driven the uptake of office space while the Sunshine Coast is also one of the biggest breeding grounds for start-ups nationally.

The Sunshine Coast economy has grown 3.5 per cent each year since 2015 and is forecast to reach $33 billion in 2033, with the new Maroochydore CBD forecast to provide 15,000 jobs and inject $4.4 billion into the economy over the project’s 20-year timeframe.

Sunshine Coast is currently home to 350,000 people and is feeling the pinch of land supply constraints and a booming residential market.

The region has the smallest lot sizes in south-east Queensland and the most expensive land, excluding Brisbane City, according to property researcher Terry Ryder.

The population is forecast to grow to 580,000 by 2041, which would require more than 70,000 new dwellings to be built, which Directive Collective claimed amounted to one new suburb every year.

CBRE Sunshine Coast managing director Rem Rafter said the past 18 months had provided “huge opportunities” for the Sunshine Coast.

The property market has been the strongest performer in Queensland during the past two years, banking 7.7 per cent growth in median house prices now valued at $630,000.

“We have seen an increasing number of people moving to the region from interstate and other areas of Queensland, and there has been unprecedented government and private investment in infrastructure on the Sunshine Coast,” Rafter said.

“While the Coast’s economy was once reliant on tourism and construction, it has evolved into a modern, smart economy.”

Knowledge-based jobs and healthcare have helped bolster the economy with a further 23,000 jobs added to the Sunshine Coast during the past five years.

Rafter said low supply of freehold industrial property had fuelled “unprecedented prices” that were now at a 15-year peak, while the retail sector was bouncing back from pandemic-induced lows.

About $1.4bn in infrastructure projects are under way on the Sunshine Coast including the Maroochydore City Centre, the Sunshine Coast Health Precinct, a new business and technology precinct, a Bruce Highway upgrade and the expansion of the Sunshine Coast Airport.

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Introducing The Palms Estate, Cairns - The Northern Beach's Premier Address

By Peter Gordon • April 26, 2023

Quiet simply, the Palms is the place to buy!

The northern beaches of Cairns is the Nation's best location for property investors right now, and The Palms is the premier development in this boom region.

It has the best location being elevated and backing onto the rainforest. It will have amazing facilities with a shopping village, a primary school, parks and green open space, a water park and an expanse of wildlife corridors.

It has taken the developers three years to get planning approval for this unique development to be able to hit the market. There are only 300 lots spread across 85 acres of the best land in The Northern Beaches.  Residents will have an abundance of open space right at their doorstep.  The Palms is also the only Certified Enviro Development project in Far North Queensland.

> Cairns Snapshot

In the rivalry between Sydney and Melbourne, the winner is ... Brisbane

By Peter Gordon • April 20, 2023

Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).

Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.

Time  magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time  magazine?). But they might be onto something.

Time  points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.

Time’s  most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).

Incredible Lifestyle At An Affordable Price  Equity of approx $390K on completion

By Peter Gordon • April 6, 2023
This small duplex development just a short drive from Hervey Bay on Queensland’s beautiful Fraser Coast, offers an incredible lifestyle at an affordable price. With unprecedented demand and very limited supply, prices look set to skyrocket.

A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.
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