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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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Ann Lindner Market Report

Jun 10, 2016 Ann Lindner Comments ((Disabled))

We have had a large number of Southern Investors who wish to retire ‘one day’ on the coast and are securing property now to get a foot in the market. Prices of inquiry have been, for houses, $500,000-$850,000.

Finding a neat, well located family home (ie 4 bedrooms, 2 bathrooms, double lock up garage and pool or room for a pool) for $500,000 is nearly impossible on the Coast, you really need a budget up to $600,000.
The difference in price range definitely equates to the rental return and in the long run better capital growth.
We have watched investors buy sight unseen properties in very bad locations around the new hospital site and these will always be BAD locations.

For units inquiry has been $400,000-$700,000. As we have discussed before Body Corp fees should definitely be a deciding factor when purchasing units.
Even though selling agents spruik that if the unit is an investment, all fees are a tax deduction, you still have to make money from the property for that principal to work.
As a high percentage of unit complex’s on the coast are over 20 years old, most are high maintenance due to age and salt air and that’s why they are cheap.
As a further note - lenders have toughened up on borrowing for units in Brisbane, Gold Coast and Cairns but not the Sunshine Coast.
At present we don’t have an oversupply although I would be wary buying in Sippy Downs and Birtinya as they are heading for high density.
This may level out as the University and new Hospital site are the main economic and population drivers for these two areas.
Remember rent returns may be steady but when it comes time to sell there will always be at least 10 of the same thing for sale.

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Current Market Trends June 2016

Jun 10, 2016 Ann Lindner Comments ((Disabled))

Utilising the REIQ Qld market monitor Dec quarter 2015, following is the current market overview.  ..

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Small Blocks, Big Prices

Dec 10, 2015 Ann Lindner Comments ((Disabled))

New figures revealed the Sunshine Coast small block and apartment prices are the fastest growing in the state. Increasing 2.1% in the first half of this year, with a median price of $368,000. On the ground we are seeing this also, our analysis is 1. Affordability - superior properties under $450,000 are becoming very scarce whether houses or units. 2. Lifestyle – people don’t want the responsibility of large home ownership mowing, cleaning and maintenance. Rather, they purchase close to the beach in a smaller property and enjoy their downtime. 3. The Increase of investors into the local market has fueled the high density complexes around the hospital and university sites. Having onsite management and guaranteed rental returns certainly takes the headache out of investment properties. ..

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