ANALYSIS ON COMMERCIAL REAL ESTATE OF SUNSHINE COAST
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Analysis of region’s market over the past 12-<br />
months revealed 14 suburbs where housing<br />
achieved capital gains of 10 per cent or better,<br />
with Buddina, Forest Glen, Meridan Plains and<br />
Noosa Heads all breaking the 13 per cent<br />
barrier.Property research company Hotspotting<br />
released their quarterly National Top 10 Best<br />
Buys report and named the Sunshine Coast as a<br />
real estate winner. Hotspotting also chose the<br />
region as its National Growth Star in their most<br />
recent PricePredictor Index report which<br />
studies sale volumes across Australia.<br />
Sunshine coast market monitor (Last year,<br />
2017 )<br />
The unit market also contracted in the June<br />
quarter, falling 4.9 per cent, from $410,000 in<br />
March to $390,000 in June. Despite the<br />
quarterly contractions, the Sunshine Coast SD is<br />
one of the top performers in the Queensland<br />
market for the past year and the past five years.<br />
Noosa continued leading the residential<br />
property market in the Sunshine Coast SD.<br />
Based on the annual median sale price, Noosa<br />
has become the second-most expensive house<br />
and land market (after Brisbane LGA) and the<br />
most expensive unit market in Queensland. The<br />
annual median house and unit prices were<br />
$645,000 and $479,000 in the 12 months to<br />
June 2017.<br />
According to the State Budget Regional Plan for<br />
the Sunshine Coast SD, the allocated funding for<br />
infrastructure projects is about $240 million for<br />
FY2018. About half of the investment will fund<br />
the Bruce Highway Upgrade – Caloundra Road<br />
to Sunshine Motorway project.<br />
Acknowledging the expansion of the region, the<br />
State Government has committed $10 million<br />
funding assistance to the private sector to<br />
construct a sewer pump station, rising main and<br />
trunk gravity main to connect the Palmview<br />
development area to the Kawana sewerage<br />
treatment plant. This will facilitate development<br />
of dwellings and increase housing supply in the<br />
region.<br />
Building Queensland is currently assessing the<br />
viability of three large infrastructure projects:<br />
• The $780 million Beerburrum to Nambour Rail<br />
upgrade is ready for government investment<br />
consideration. It is expected to deliver a more<br />
integrated transport system with increased<br />
capacity and travel time savings for freight and<br />
passenger services.<br />
• The $80 million Lake Macdonald Dam Safety<br />
upgrade is currently under detailed business<br />
case analysis and has the goal to upgrade the<br />
dam to meet modern standards and improve<br />
performance.<br />
• The $430 million Sunshine Motorway –<br />
Mooloolah River Interchange is currently under<br />
preliminary business case analysis. It has the<br />
goal to deliver improved safety and capacity in<br />
the vicinity of the Mooloolah River Interchange<br />
at the Sunshine Motorway.<br />
The implementation of these projects will<br />
potentially inject nearly $1.3 billion into the<br />
economy over the coming years. This<br />
investment is a response to the increasing<br />
population in the region. According to the ABS,<br />
Noosa and Sunshine Coast LGA added more<br />
than 72,680 residents for the past decade to<br />
June 2016.<br />
The rental market is the strongest in<br />
Queensland with high demand of rental<br />
properties and very low vacancy rates. Similarly,<br />
the outlook of the sales market is positive and<br />
supported by economic fundamentals such as