Despite the continuing COVID pandemic, the local property market outperformed many others in 2020. And it’s shaping up to be another great year for property investors, whether you’re a first-timer or an experienced investor looking to add another property to the portfolio.
The Sunshine Coast saw the largest annual capital gain in the country, with house prices in some areas increasing by up to 27 per cent over the past 12 months. This trend is set to continue for the foreseeable future.
Many other economic signs remain positive: rental yields are returning 4.5 to 5 per cent; the rental market is the tightest it’s ever been; interest rates are at record lows; and capital growth has surpassed all expectations.
Buying an investment property this year certainly makes good financial sense. But, with current demand for rental housing so high and good land in short supply in the Sunshine Coast’s new housing estates and elsewhere, prices are going to continue to rise.