10 Sunshine Coast suburbs on the property radar
Here are the suburbs set to hold opportunities for emerging investors.
Shelved land tax plans leave the Sunshine Coast showing promise for property investors, said co-founder of BuyersBuyers Pete Wargent.
South-East Queensland’s popularity for buyers should “take some of the pressure off extremely tight rental markets,” according to Mr Wargent.
“Buyer sentiment is significantly cooler than it was a year ago, and there is no scope to negotiate much more forcefully on both price and terms for investment-grade properties,” he said.
For investors with a budget range from $700,000 to $1,200,000, here are BuyersBuyers’ top 10 suburb picks on the Sunshine Coast:
1. Tewantin
Postcode: 4565
Property type: House
No. of properties: 3,876
Median price ($): 1,149,546
2. Maroochydore
Postcode: 4558
Property type: House
No. of properties: 3,478
Median price ($): 1,109,515
3. Nambour
Postcode: 4560
Property type: House
No. of properties: 3,428
Median Price ($): 740, 012
4. Mountain Creek
Postcode: 4557
Property type: House
No. of properties: 3,315
Median price ($): 1,068,943
5. Bli Bli
Postcode: 4560
Property type: House
No. of properties: 3,000
Median price ($): 972,608
6. Peregian Springs
Postcode: 4573
Property type: House
No. of properties: 2,640
Median price ($): 1,184,546
7. Sippy Downs
Postcode: 4556
Property type: House
No. of properties: 2,561
Median price ($): 910,386
8. Beerwah
Postcode: 4519
Property type: House
No. of properties: 2,400
Median price ($): 851,487
9. Currimundi
Postcode: 4551
Property type: House
No. of properties: 2,314
Median price ($): 1,001,372
10. Palmwoods
Postcode: 4555
Property type: House
No. of properties: 2,002
Median price ($): 976,988
Mr Wargent assures that this list “includes a range of suburbs where buyers can negotiate attractive deals in the current market”.
“Vacancy rates are low in the suburbs we have picked, and there is very little risk of imminent oversupply in most areas as population growth from overseas migration picks up rapidly,” he said.
According to Mr Wargent, the coast continues to be a “drawcard” for the lifestyle it can offer, and he urges potential investors to “buy the right property, and at the right price”.
