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Looking for the next property hotspot? I think I may have found it.
After whats been happening in the Property Markets of Sydney, Melbourne and to some extent Brisbane, in the past 12 months, it's easy to see why people are moving their cash to other areas.
It seems to me that whilst Sydney and Melbourne experienced an unprecedented frenzy of buying and pushing prices to the point that they were no longer sustainable, the Sunshine Coast quietly plodded along (sounds about right) and actually experienced a "normal" rate of growth.
Where you would be seriously questioning "the actual value" of a house or apartment in Sydney, the properties here in Sunshine Coast are priced at a rate which is actually affordable and in line with wages and average incomes. (Yea, that means not being a total slave to your mortgage)
The Sunshine Coast represents good value. You really get bang for buck, compared to a lot of other major centres and surprises me that it's taken this long for it to really start growing and developing at a faster rate. For us, and all that live here, it really was a well kept secret.
We can live and work close to home, earn the same wages that you demand in bigger cities, with lower living expenses all whilst being central to some of Australia's best beaches, National Parks and all modern conveniences. Oh, and we don't have the awful traffic and congestion either!
The Sunshine Coast is embracing change, it is embracing growth and sustainable development. See the list below for all the projects (list sourced from invest.sunshinecoast.qld.gov.au) which are being developed currently.
Region-building ventures in new infrastructure projects and development precincts include:
The development of Australia's only greenfield city centre within an existing urban area at Maroochydore (underway)
Expansion of the Sunshine Coast Airport to deliver direct access to the region from more Australian and international destinations
One of the largest health infrastructure precincts being developed in Australia is the 17 hectare health, medical and mixed use precinct adjacent to a new A$1.8 billion tertiary teaching hospital.
Major new residential and commercial developments and precincts across the region including the Caloundra South Priority Development Area, known as Aura, which will house around 50,000 people.
A business, technology and retail precinct adjacent to one of Australia's top-ranking universities, the University of the Sunshine Coast.
The delivery of international broadband submarine cable infrastructure to provide the eastern seaboard of Australia with an alternative entry point for its international data connectivity.
Not on the list was the new Maroochydore CBD which you can check out via this link - http://www.maroochydore-city.com.au
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