Property Business Blog

If Sir Richard Branson or Clive Palmer tapped you on the shoulder with a hot investment tip, wouldn’t you listen?

Well even better, they have put their money where their mouths are. 

Both have invested in the Sunshine Coast.

Dubbed Richard Branson’s Australian home, Makepeace Island was purchased in 2003 for a modest $2.86 million and has been transformed into an $8000 per night luxury getaway.

Branson is keen to help reinvigorate tourism on the Sunshine Coast along with Palmer.

In July, Clive Palmer purchased the Hyatt Coolum with plans to return the resort to its former glory plus more.

The richest man in Queensland’s obvious confidence in the region certainly is a positive sign.

Tourism will also benefit from the $500 million dollar airport masterplan in progress.  The planning of a second runway will open up possibilities of further domestic and Trans ’Tasman international destinations.

Recognising the need to diversify our economic base the Sunshine Coast Council is thinking within and outside the square to secure our future.  We are certainly not in the ‘high flying’ days prior to the GFC but we do have plans and the budgets agreed to fulfil those plans.

The big ticket items listed below shows significant investment to drive real jobs growth and the development of our urban centres.

• The Maroochydore CBD redevelopment of Horton Park golf course-  53 hectares
• Caloundra South development – housing 17,000 over the next 15 years
• Kawana Town centre-5,000 residents
• University Hospital –Kawana $2 billion +
• $189 million allocated for capital works by Sunshine Coast council

Now is the time to invest in the Sunshine Coast, property prices are keen, interest rates are reasonable and our future is going forward.

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.

Heading into summer on the Sunshine Coast we have seen both Buyers and Sellers show invigorated interest in the property market.

TOP SALES PERFORMER

Recent figures from RP data have shown Buderim to be the top sales performer in the State.  The figures show the total value of sales in Buderim increased by 4.8% per cent in the 12 months to July 2010, with 512 houses sold in Buderim for total sales values of $319,414,049.

What is this love affair with Buderim?  Buderim’s is located 5 minutes to Mooloolaba beaches and café strip, Sunshine Plaza shopping centre, Sunshine Coast University and has easy access to the Bruce Highway for travel to Brisbane.  The ‘market place’ feel of the main street attracts foodies, artists, day trippers and families alike.

The diversity of properties available caters to a range of budgets and lifestyle requirements.  Choices range from units starting at around $300 000, houses from $450 000 up to multi million dollar acreages.

The current property market in Buderim gives Buyers a large choice of properties to filter through when purchasing, with homes averaging 129 days on the market. A current client has selection criteria of 4 bedrooms, 2 bathrooms, double lock up garage, brick or rendered home with pool on an easy acre block under 800m2.  At least 40 are available at a list price of around $500 000, with the current Buderim median house price at $540 000, now is the time to search out the most motivated vendor and secure a top value investment.

SUNSHINE COAST TOP 3 GROWTH PERFORMERS

SUNSHINE COAST PROPERTY MARKET CYCLE – ARE WE THERE YET?

Herron Todd White (HTW) indicators show that the Sunshine Coast Property Market is at the ‘bottom of the market’.  What about other states? – Melbourne is at the peak of the market and turning to a declining market, Sydney – is at the bottom of the market.  History shows that the Sunshine Coast follows a similar trend, somewhat delayed, of the Sydney and Melbourne markets.

One of the first questions Clients ask is “when is a good time to buy?” although it is currently a ‘Buyers Market’ on the Sunshine Coast, if you are purchasing an investment property your calculation must also include the extended time to secure a tenant as HTW indicators show there is a current oversupply of rental properties relative to demand.

If you would like more information on Sunshine Coast Property Market indicators please contact us at info@propertybusiness.com.au