Property Business Blog

Since the commencement of 2012 it’s not just the sun shining on the Sunshine Coast.

Throughout the coast there is a new optimism.  It started with the holiday crowds over the Christmas period, smiling happy people were everywhere enjoying beaches, cafes, shops and parks.  Accommodation from caravan parks to resorts hung the ‘no vacancy’ shingles out.

This confidence has filtered through to the property market, open for inspections were well attended, selling agents reported increased enquiries and contracts of sale were being signed.

The most outstanding result recorded being from an agent selling top end waterfront mansions - $10 million in sales in 2012.

A number of projects have commenced on the coast and cranes can be seen on the skyline around town; Edgewater on Regatta Lake at Birtinya is well underway with the roof going on today (14^th February). The first stage of ground works for the private hospital at Kawana has begun. Sea Pearl in Mooloolaba, a $70 million residential development has over 60% of the 23 luxury skyhomes sold – with prices starting at a very reasonable $1.49 million and an average price of $2.5 million. The new Maroochydore Transit centre is taking shape. A drive down Maroochy Boulevard will prove the extent of construction work under way. Emporio, the Harvey Norman superstore, Sunshine Cove, and Sunshine Coast Mazda (joining Lexus and Mercedes Benz) are either completed or under construction.

Projects that have been in the planning process for years are pegged to start this year; The Sippy Downs Town Centre – this $100 million development includes residential, commercial, retail and an upgrade of the surrounding roads and motorways.  The planning minister Mr Lucas said the project is set to bring 900 on-going jobs and 600 construction jobs.

To add even more lustre, the Sunshine Coast Council and Regional Development Australia are working to attract fly-in fly-out miners to stay long term, and short term on the Sunshine Coast adding significant economic opportunity for the region.

With all the plans for investment and infrastructure what can we expect in the property market?

The most common question we field is “When is the bottom of the market?”

We are likely to experience the bottom in 2012, with still so much stock on the market – both new and existing properties, there may be an increasing number of sales but values will not improve, meaning the best time to buy.

Contact us on anything to do with property on the Sunshine Coast.

Why? Recently we have seen many properties sell for the prices they had been purchased for in 2006.  

Wurtulla; a 20 year old 3 bedroom, 1 bathroom brick home, single lock up garage, original condition on 600 m2 block.  Location; close to beach, shopping and planned Kawana hospital. Sold $340 000.

Twin Waters; 8 year old unit in resort complex, 2^nd floor north facing, 2 bedroom, 2 bathroom, modern fitout includes furnishings.  Listed at $410 000.

Buderim; 15 year old 4 bedroom, 2 bathroom brick home, double lock up garage excellent condition on 880 m2 block.  Location; cul de sac, close to schools and shopping. Sold $455 000

Mooloolaba; 2 dwellings on 1219m2, currently rented. 1 kilometre from main beach.  Sold $700 000.

Purchasing opportunities are not just in the <$800 000 price range but across the board up to multi-million dollar acreages.

In a Buyers Market it should be easy for a purchaser to select a property. But with so many choices available how do you know which is the ONE for you?

In a property acquisition of $400 000, even a small mistake of 5% equals $20 000.

Keep in mind, also, the key point to purchasing property is NOT ONLY the price.

Are looking to purchase a property on the Sunshine Coast? 

Do you know what suburbs are seemingly insulated from severe market swings?

Do you know what areas were affected in the recent floods? 

Do you know where infrastructure projects such as the planned rail link are to be located?

Do you know what schools are sought after by families relocating to the area? 

At Property Business Sunshine Coast we know the answers, but more importantly we know the questions to ask.  We have 26 years of local knowledge, local contacts and a highly respected name with a proven track record.

To take advantage of the opportunities available in the current Sunshine Coast property market, contact us now.