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Sunshine Coast tops the property hot spot list

Anthony Hancock
Anthony Hancock
04/10/19

Announced as number one in the nation's top ten regions to invest in residential property, the Sunshine Coast has all the fundamentals in place to urge strong capital growth.

For those looking to make an astute residential property investment, you really should consider the beautiful Sunshine Coast.

Announced as number one in the Nation’s top ten regions to invest in residential property, Terry Ryder’s National Top 10 Best Buys report cites the Sunshine Coast has all the fundamentals in place to urge strong capital growth.

Ryder considers a potential hotspot as a region with more than three critical components in place, including: infrastructure, education, health, employment, and lifestyle and entertainment amenity.

The Sunshine Coast is the strongest property market in Queensland with more than $20 billion in infrastructure projects completed, under construction or in the pipeline. A region that is diversifying, its proximity and easy access to Brisbane, along with the massive public and private investment, ensure a strengthening economy.

Two of the major projects stimulating population and employment growth in the region are the $430 million Maroochydore CBD development and the $225 million runway that will see direct flights between the Sunshine Coast and Asia.

For investors, the report also recommended Maroochydore as a precinct for strong investment growth potential.

Maroochydore offers an exceptional opportunity to take advantage of value uplift, which occurs when public investment and infrastructure improvements lead to increases in nearby land and property values.

On the Sunshine Coast bandwagon early, three renowned property experts; Michael Matusik, Andrew Stevens and Syd Walker, were firmly backing the Sunshine Coast as the market to watch in November 2018 in an article in My Weekly Preview.

Place Projects commentator Syd Walker stated “The rate of population growth on the Sunshine Coast is more than most developed countries and one of the fastest rates in the country.”

Project Urban managing director Andrew Stevens noted the local property market is on an “upswing” and poised to capitalise on the southern downturn through migration, which will inject financial investment and intellectual property into the region.

Sources: The Urban Developer; Realestate.com.au