As we have often stated that although the Sunshine Coast does have flow on effects from the Sydney, Melbourne and Brisbane property markets, we do seem insulated from wild swings of Boom and Busts.
Demand for property has definitely strengthened here BUT it has not boomed ('spiked') as happened prior to the GFC days, most suburbs having a gradual climb in capital growth over the past 5 years.
In the past 6 weeks we have seen the number of investors in the market slowed by the banks tightening lending however, there are still properties sold at the first open homes and multiple offers situations.
Big ticket sales in both residential and commercial property match the underlying confidence of the significant infrastructure projects creating jobs.
eg. Queensland richest man Mr Van Lieshout (with a net wealth of $1.38 billion) owner of the 7.06 HA Home Central site Kawana has received approval for a 3000sq metre Bunnings Warehouse to adjoin the existing complex on Kawana Way.
Recent Sales
- 11 Mayfair Lane, Buderim $2.1 million
- 9 Camfield St, Alexandra Headland $2.3 million
- 6 Belmore Tce, Sunshine Beach $6.425 million
- 50 Hastings St, Noosa Heads - Shopping Complex $21 million
- 31 & 33 Sippy Downs Drive, Sippy Downs -Vacant Land $5.6 & $5.5 million respectively