Just off the press is the latest Hot Spotting report showing the Sunshine Coast with four suburbs topping a list of Queensland's boom areas.
With Buddina, Forest Glen, Meridan Plains and Noosa all above the 13% increase in capital growth over the last 12 months.
Each area having its own 'personality' of available properties which I have explained following;
Buddina
Buddina is located close to surf beaches and the river mouth with an excellent park including a dog 'off leash' area.
Tucked away in a small pocket the whole area is a level walk to a major shopping centre, state school and library.
In the last ten years this area has seen a resurgence of families move into the existing nana/ holiday homes and either compete major renovations or knockdown and rebuild.
The median house sale price is $742,000. Entry level price is around $600,000.
The rental yield at 3.4% reflects the older style homes available.
I personally have a rental unit in Buddina - 2 bed, 1 bath, 1 garage, earning $360 per week.
So the good yields are there - you just have to find them.
Forest Glen
The sales in Forest Glen have predominantly been in in the Forest Pines Estate, a purpose built housing development with close access to the Bruce Highway and Maroochydore Industrial, retail and CBD.
Offering larger blocks and new homes for families when the area was undersupplied five years ago, saw the area take off.
Smaller acreages in the Glenfinnan Estate (cleared land) and Parsons Road (natural forest) area sell in the $1 millions, therefore contributing to the median house sale price.
Although amenities are only 5-10 minutes away it is a 'drive to everywhere'.
The median sale price is $642,000. The rental yield is 4%, this is more to do with supply and demand than the age or style of the properties.
Meridan Plains
Meridan Plains is one of the Coast's newest suburbs, located on the Western side of Nicklin Way, on the outskirts of Caloundra.
A purpose built area to cater for workers and families employed at the nearby hospital site and associated health hub.
Once again homes were in short supply when Meridan Plains started, offering all styles of dwellings from houses, duplexes and units at very affordable price points.
Everything is close by; major shopping, schools, colleges, canal water activities, access to Caloundra Road and Bruce Highway and the beach just a 10 minute drive.
A major sticking point with residents is the traffic gridlock as the roads can't cope with school drop off and pick up times.
Also driving through the area you note numerous excess cars parked in the streets and on verges, as most families have more than one car and 'toys' to store in garages.
The median house price is $505,000. The rental yield is 4.7%, this is due to the number of rentals available.
Noosa
Noosa needs no introduction as to the location and all the natural wonders surrounding it.
What we see is that average working families are not buying Noosa property.
We have enquiries mainly from 1. Affluent retirees that have made their money and now wish to enjoy it.
2. Ex pats securing their piece of paradise for when they retire or 3. Those IT and ecommerce young guns you read about that can work anywhere and want to base themselves in Noosa's laid back lifestyle.
You can nearly divide the areas by price points.
If you have unlimited funds you would be looking in Little Cove, over $1-2 Million Noosa Waters, up to $1 million in the hilly area behind Noosa Junction, further out are the properties under $800,000.
Most noticeable in Noosa properties is that the age is starting to show on dwellings, even the multi million dream homes, mainly due to salt air as many are only used as holiday homes maybe once or twice a year.
The median house price is $870,000. The rental yield is 3.9%, this is due to the high purchase prices even though rents can achieve over $1000 per week.
Are you looking for an investment that has steady capital growth and rental yield over 5%.
Taking nothing away from the Hot Spotting report by Terry Ryder, it is what 'has occurred' - past tense.
Giving you the benefit of our 17 years’ experience in the Sunshine Coast real estate market, signifies we can source and secure properties in up-and-coming suburbs, those that won't be oversupplied.
We also know the 'blue chip' areas that perform solidly year after year and are sought after by tenants.
We are inspecting properties every day, and can see current trends now; - you don't have to wait for statistics that are three to six months out dated.
Call me today - Ann Lindner 0415 186 766 - to discuss your needs.