Hi all
Looking at moving to sunshine coast in the next few years and just wondering what everyone thinks the prices will do in the next few years.
Thanks in advance
Must admit I haven't seen or heard too much activity in the sunshine coast. What are the yields like? You can also get property information from either the RP Data or APM reports.
Regards
Shahin
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
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In the words of one of my mentors (Stu Silver), look at jobs, jobs, and jobs.
People move to an area for one of two reasons:
a) Employment opportunities
b) Lifestyle reasons
It's hard to see the Sunshine Coast property outperforming while the AUD remains high, since so much of the economy their is driven by tourism. Take a look at this article:
http://www.sunshinecoastdaily.com.au/news/tourisms-drop-stings-mooloolaba/1375271/
Here is some interesting research to look at too:
Personally, with the jobs growth of the Commonwealth Games, I'd prefer to invest in the Gold Coast rather than the Sunshine Coast, if I had to invest in one or the other.
Finally, be very wary of units. Both markets have an oversupply of unit stock making gains unlikely until demand strengthens considerably.
– Steve
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
With the recent drop in the AUD and HSBC predicting the year to end at around 90c AUD to the US, this can only help tourism reliant areas. It may swing the flow of tourism keeping Aussies choosing to holiday at home increasing job growth. The predicted growth belt is supposedly within 10kms of the new Kawana Health Precinct due to be completed in 2016. This will bring in numerous workers with higher than average incomes to the area. I agree…avoid units altogether unless you really know the market!
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