Rapid rise in growth for the Sunshine Coast

What A Year!!!

The Sunshine Coast real estate market has seen tremendous growth throughout 2017. 4551 Property Group has especially noticed the spectacular demand for properties at the southern end of the coast. Particularly, beachside suburbs such as; Golden Beach, Dicky Beach, Shelly Beach, Moffat Beach and Kings Beach, and the new subdivision areas like Caloundra South (Aura). Pelican Waters is also starting to show some growth, as illustrated by the recent street record achieved by 4551 Property Group for a beautiful water front property in Goldwin Place.

The demand hasn’t been limited to property sales, our Property Management division has experienced first-hand, the pressure tenants have faced trying to find vacant properties with Caloundra’s 0.6 percent vacancy rate. This rate being recorded in Caloundra in REIQ’s September quarter report.

The growth has been contributed to cashed up Melbourne and Sydney buyers.  Owner occupiers taking advantage of the high prices they are achieving in the Southern states, to sell out and buy into a market where they can afford a good quality home, and still have some money left in their pockets.  As well as, the investors chasing better yields. Although, without a healthy local economy we wouldn’t be able to attract these people.

This invaluable economy is needed to; attract business investment, create jobs, and stimulate growth. Under our current Mayor, Mark Jamieson, the Sunshine Coast has been doing just that as detailed in the Aug 24 Sunshine Coast Daily article. View article here…

As stated in the aforementioned article, the Sunshine Coast economy is one of the largest regional economies in Australia and is predicted to grow in a strong and sustainable pattern over the next 20 years.

By |December 11th, 2017|News|0 Comments