Janine Hill | Sunshine Coast Daily Article | 26th May 2016 2:30 PM | Updated 27th May 12:34 PM
UP AND UP: Property owners are likely to win from rent and price increases but tenants and first home buyers might not be so happy. Photo: Brett Wortman / Sunshine Coast Daily
THE property price cycle which has pushed prices up in the capital cities in the last few years is about to turn the Sunshine Coast’s way.
Property analyst Michael Matusik has forecast a five percent rise in rents and a five to 10% increase average residential property prices on the Coast during the next year.
The optimistic outlook for the Coast’s property market contrasts with ominous signs for some of Australia’s most prestigious postcodes, where Macquarie Bank has tightened lending on apartments because of fears of oversupply.