The Sunshine Coast: Still A Property Hot Spot

With all the turmoil in 2020 as a result of Covid-19 and all the lockdowns, some areas in Australia have seen a drop in property prices. The good news is, the Sunshine Coast is still a growth property hot spot and offers some excellent opportunities for the savvy property investor. While other areas of the country have seen prices fall by an average of 5%, the Sunshine Coast has enjoyed a 7% increase.

According to the Canstar website, the Sunshine Coast is sitting pretty as the number one place for investors seeking capital growth. Noosa heads are experiencing the highest growth, while other areas of note include:

• Maroochydore
• Caloundra
• Warana
• Golden Beach
• Eumundi
• Wurtulla
• Sunshine Beach
• Twin Waters

Vacancy rates are also very low on the Sunshine Coast, sitting at just 3%, so the market is ripe for a good rental return on property investments.

 

Now Is the Time To Invest

As a property investor, now is the prime time to buy up some property on the Sunshine Coast and enjoy a positive ROI on either rental income or a future sale of an investment property. People are still moving to the Sunshine Coast in steady streams, so rental returns are almost guaranteed.

One added bonus is that interest rates are currently very low, which makes borrowing an extremely attractive proposition. Investors who are looking to take advantage and increase their property portfolios would do well to seek investments on the Sunshine Coast as soon as possible.

With 7% property growth and 5% rental returns, there haven’t been too many better times to buy an investment property in the region.

There has also been no meltdown on the Sunny Coast as was feared. Predictions were originally for an average nationwide drop in property prices by a massive 30%. That kind of price plunge hasn’t happened anywhere and the Sunshine Coast has actually seen a healthy increase in prices.

 

Be Certain In Uncertain Times

While there are never any absolute guarantees even in boom periods, during these uncertain times, property investors can still make educated investments that are far more likely to see a positive ROI.

The fact that the Sunshine Coast has seen actual growth in the property market during the turmoil of 2020 is a sure-fire sign that it’s a prime area to invest in as it's a property hot spot. With people continuing to move to the region even with border restrictions, imagine what it will be like once all restrictions have been lifted.

When that happens, prices are bound to be pushed up even higher, which is another reason why it’s best for investors to get in now and take advantage of the profits and rental returns to come, now and in the near future.

After having months to reflect and re-evaluate their lives, a lot of people are looking for a sea change and new opportunities. The Sunshine Coast is likely to be a property hot spot where many of these people plan to relocate to.

Let me know how I can help you with property investment in the Sunshine Coast.