The Sunshine Coast has been receiving a lot of attention lately and it’s not only because we have outstanding weather and great beaches. While Tourism is an incredibly important sector of our economy, we are forging ahead with a number of major infrastructure changes that are firming up our place as one of the fastest growing regions in Australia.
Currently on our horizon, and under construction are:
- The creation of our new city centre, SunCentral in Maroochydore, which is Australia’s only green field CBD.
- Australia’s next international airport which is set to contribute $4.1 billion to the Sunshine Coast economy and generate 2230 jobs by 2040.
- Australia’s largest residential development at Caloundra South which will be the home to 50,000 people.
In addition, our new $1.8bn public University Hospital opened its doors just on 12 months ago and the Health & Wellbeing sector continues to grow from strength to strength. Our Agribusiness sector is also enjoying solid growth and is now worth $670 million to our economy.
And if that isn’t enough to entice you to look a little closer into the future prospects of the Sunshine Coast consider these facts:
- The expansion of Sunshine Plaza will create a further 5,200 construction and retail jobs
- The University of the Sunshine Coast is expected to reach 20,000 students by 2020
- Palmview will cater for 17,000 new residents
- The Light Rail Project will contribute $3.6 billion to the economy
- Beerwah East has been earmarked as a major development area and is expected to be ready for development by 2027
- The International Broadband Submarine Cable is not yet confirmed as going ahead but if it does, it is expected to deliver $700m per annum to the Sunshine Coast economy.
All these projects have or are creating a myriad of positions requiring varying skills and because of that we are attracting talent from interstate like never before.
In the 2015-2016, Australian Bureau of Statistics data shows that 23,113 people moved to the Sunshine Coast from other areas of Australia while 16,913 people moved away. The net increase of 6,200 people is the third most in Queensland (after Moreton Bay and the Gold Coast).
Rental properties are in demand and often have a number of applicants all vying for the same property. The pressure on the rental market also comes from the year round national sporting events that are held here.
The Sunshine Coast is now becoming an event and sporting destination and we will continue to attract larger events to the region, which means the demand for housing and accommodation is set to continue for some time into the future.
If you have been thinking about entering the property marketing or starting your own property portfolio there has never been a better time to act. We can help you put strategies in place that will help you attain your goals in an easy to understand, affordable way. Call us today for a no obligation chat about how we can work with you to reach your goals.