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Property Market Activity 2017

Feb 14, 2017 Ann Lindner Comments ((Disabled))

Residential-

In short the local market is booming HOWEVER only in some suburbs. In the past two weeks we have spoken with a number of selling agent with one Buderim agent reporting a Saturday of three open homes with all selling under multiple offer situations, one over the list price.

Similar story in the Kawana Waters coast strip West of Nicklin Way. Due to a severe shortage of quality listings one agent was inundated with 5 offers on the first open home at Warana after hitting the internet at 3pm the previous day. The property was an original beach brick home 3 bed, 2 bath 2 garage two streets back from the beach listed at $610,000+.

Commercial –

The $20 million Bli Bli village Centre development is expected to finish mid year, 50% of the centre has already been leased.

The demand for office space has been quantified within the Property Councils latest Office Market Report. The report shows during 2016 the vacancy rate on the Sunshine Coast fell from 9.2% to 6.9%. Not surprisingly the Sunshine Coast has the lowest vacancy rate in Qld, with Brisbane CBD 15.3% and Gold Coast at 12.2%.

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Sunshine Coast Facts & Figures 2017

Feb 14, 2017 Ann Lindner Comments ((Disabled))

Current Population 341,054

Predicted Population 2036 536,000

No of working people 160,500

Average house price $515,000

Gross regional Product $16 billion

Five year change +17%

Visitors international and domestic

3,522,000 in 12 months to Sept 2016 (up 12.9%)

Biggest Current Industries

Construction $1.4 billion

Health care and social assistance $1.3 billion

Financial & insurance services $1.1 billion

Key Industries for Jobs Growth

Rental, hiring and real estate

Arts and recreation

Retail

Health care and social assistance

Accommodation & food

Education & Training

Personal services

Source: The Courier Mail

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