Meridian Australia has identified a key suburb in the Sunshine Coast, located within 30 minutes from the CBD itself and within 20 minutes to the popular Moffat Beach.
The suburb is an emerging market dominated by low residential housing and is close to the thriving Caloundra West growth corridor.
Meridian Australia identifies the Sunshine Coast as a key market with strong fundamentals for capital growth in the medium to long term.
The Sunshine Coast is supported by many key statistics and its economy has outpaced most regional economies in the country over the last 15 years. (1)
It is anticipated by 2033 the Sunshine Coast economy will reach over $33 Billion by 2033 (from $18.5 Billion at present), which is attributed to the increase in knowledge-based jobs (Healthcare, Technology, White collar professionals), alongside the anticipated resurgence in Tourism spend post COVID-19. (1)
The market is near a variety of parks, sporting facilities, and walking and bike tracks and has a mix of highly regarded public and catholic schools. The region also offers many shopping centres, cafes and childcare facilities assisting with the overall demand from future purchasers and investors alike.
The Sunshine Coast suburb is also near many key amenities including the Sunshine Coast University Hospital located approximately 15 minutes away and the Sunshine Coast airport is within 35 minutes.
The key suburb will also benefit from surrounding major key infrastructure projects including the Beerburrum to Nambour Rail upgrade and the Bruce Highway Upgrade.
Both projects look to enhance connectivity, increase capacity, reduce travel time, and contribute to the growing economy and region of the Sunshine Coast to the city of Brisbane as well as Cairns.
The Bruce Highway Upgrade Program is the largest road infrastructure program Queensland has ever seen. It is aimed at improving safety, flood resilience, and capacity along the length and breadth of the highway between Brisbane and Cairns.
The Queensland Government also committed to providing an additional $200 million each year (based on 80:20 funding arrangements) for upgrades on the Bruce Highway on top of the already provided $1.8 billion.
In total, the program will deliver $13 billion of work over 15 years (2013–14 to 2027–28). (2)
The Australian and QLD government have committed $550.8 million to the Beerburrum to Nambour Rail upgrade. Completion is expected in late 2025. The project will deliver upgrades to the North Coast Line between Beerburrum and Nambour to increase capacity and support future growth and demand in the region. (3)
Market Statistics
Vacancy rates: Currently 1.0% (December 2022 - SQM Research). This is a clear indication of an undersupplied market and increase pressure on rental prices.
Next Steps
Looking to get the property investment conversation started?
Or, just looking to stay in the loop?
Jarryd Gauci – Property Investment Consultant
P: (02) 9939 3249
Disclaimer: When considering purchasing a property, it's always prudent to seek the advice of an appropriately qualified professional to determine which strategy is most appropriate for your circumstance.
References:
ABS – Cat Series 6291.0.55.001 - RM1 - Labour force status by Age, Labour market region (ASGS) and Sex, October 1998 onwards – November 2022 - ABS 6291.0.55.001, released 22 December 2022
https://investment.infrastructure.gov.au/projects/ProjectDetails.aspx?Project_id=097044-17QLD-NRP