Sunshine Coast Nation’s Leading Investment HOT SPOT!

Further to last week’s newsletter, popular real estate website, www.realestate.com.au has hailed the Sunshine Coast as the hottest place in the nation to invest in property right now, due to a lack of available housing, a tight rental market and rapidly growing population.

Leading industry commentators say the Sunshine Coast presents one of the best opportunities for capital growth, due to its liveability, affordability and future economic prospects; and there are predictions that it is on the cusp of its highest growth period in history.

In the midst of an infrastructure boom, which includes the new runway at the airport set to become international by 2020; there is a leap in employment opportunities that have been lacking in the past, further driving population growth.

According to demographer Bernard Salt, the Sunshine Coast’s population of around 298,000 residents is set to rise to 550,000 in 23 years, which will require more than 100,000 new homes to be built.

In its recent report, Herron Todd White noted an increase in investor activity in the Sunshine Coast market, with units/townhouses sub-$350,000 particularly popular; and some of them attracting over a 6.5% gross return.

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