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Top 4 Loveable Locations | Sunshine Coast Hinterland

Regional markets have been the big winner in the past 18 months, with the Sunshine Coast Hinterland being no exception. From Beerwah to Cooroy and almost everywhere in between, we have seen a massive increase in buyer interest from those moving from Brisbane and interstate.

We want to shine the spotlight on some of the lesser-known suburbs that you may soon be calling home!

Beerwah – Named after Mt. Beerwah, the tallest of the Glass House Mountain Peaks at 556m, Beerwah started as a small farming and timber production community. Recording a population of just 92 in 1911, according to census data, Beerwah grew to 5,945 in the 2011.

Farming and agriculture drove the Beerwah economy through to the 1980’s when residential development grew substantially. The public profile of the area also raised considerably, as a result of the opening of Australia Zoo and the Irwin family.

Less than 30 minutes’ drive to the pristine beaches of Caloundra and providing larger block sizes than those traditionally located on the coastline, Beerwah is now home to a thriving community of people with well renowned schools, retail, dining and large-scale amenities.

Maleny – Located on the Obi Obi Creek in the Blackall Range, Maleny is a hinterland community just 25kms from Caloundra. With the surrounding areas being intensively forested by cedar and other valuable timbers, timber-cutting and sawmilling were the original industries in Maleny, before dairy farming grew in importance in the early 1900’s.

Set 425m above sea level, Maleny is home to some of the most picturesque vantage points of the Glass House Mountains, scenic walking trails, waterfalls, and rainforests that the Sunshine Coast has to offer.

Nambour – Situated 90kms North of Brisbane CBD and 12kms from Maroochydore, the evolution from humble farming township to thriving economy began with the establishment of the railway through Nambour in 1891 and the opening of The Moreton Central Sugar Mill in 1897. 4 years later, cane tramways were built and in 1907 locomotives were installed to transport cane to the mill. Commercial growth boomed in the 1920’s, topped with the opening of the district hospital.

Nambour is now known for its commercial appeal, providing all of the creature comforts and amenity of living in a large town, yet still being so close to the beach. The Big Pineapple and Wildlife HQ Zoo are just two of the family attractions available to residents and visitors to the area.

Cooroy – One of the remaining hinterland townships that allow you to travel back in time, Cooroy is located only 20kms to Noosa Heads and a stone’s throw to the Noosa Botanic Gardens and Lake Macdonald. Now boasting a show ground, sporting grounds and Golf Course. Cooroy is the perfect location for those who want to feel like they are ‘escaping the rat race’, without truly being too far away.

 

 

Sunshine Coast, Gold Coast house prices surge as remote workers swap traffic for sand

 

January 23, 2020 | Dana Slaven

5 best areas to invest on the Sunshine Coast in 2020

With the new year comes new opportunities, and for some locations 2020 is looking good property wise. If you’re planning on investing in a regional city, the pristine beaches and peaceful hinterland of the Sunshine Coast might be on your list.

What did the property market on the Sunshine Coast look like in 2019?

2019 saw the Sunshine Coast experience the same slump that Australia’s capital cities had felt in the 2018-2019 financial year. According to QBE, the Sunshine Coast saw the average dwelling price drop by 2%. This followed the 7% growth of 2018.

Yet there were suburbs that bucked the trend and remained top performers. The relaxed coastal suburb Sunshine Beach experienced an incredible 37% increase to the median house price, rising to $1,600,000.

Sunshine Coast property market forecast 2020

According to Ryder Property Research, the Sunshine Coast is the number one growth area in Queensland. While this might be true, it’s important to take a deeper look at the stats and consider suburbs on their individual performance.

The QBE Australian Housing Outlook Report 2020-2022 predicts that we can expect to see average growth on the Sunshine Coast rise up to 7% over the next three years to June 2022. With the average house price forecast to reach $635,000. However, QBE has not forecasted any average growth for the area in 2020.

The long term forecast growth has been attributed to the investment into infrastructure in the Maroochydore city centre. Investment into infrastructure is good news for investors and owner occupiers alike, setting the area up for economic stability and signalling the transition from economic reliance on tourism to diversification.

According to the Sunshine Coast Regional Council, major infrastructure projects in the area include:

  • City centre development
  • Airport expansion
  • Health precinct and teaching hospital
  • University expansion

These projects are all underway with final completion dates in late 2020 or yet to be released. This uncertainty may be an influencing factor to the nil change forecast for 2020 to property. Investors could see this as an opportunity to purchase prior to projected price growth in 2021 and 2022.

According to property market expert Terry Ryder, “The Sunshine Coast is one of Australia’s fastest developing economies, growing each year at rates well above national averages and is expected to expand to $33 billion by 2033… likely to create sustainable long-term price growth”.

“According to property market expert Terry Ryder, the Sunshine Coast is one of Australia’s fastest developing economies… and is expected to expand to $33 billion by 2033.”

Other than infrastructure, the Sunshine Coasts key market influence is internal migration, which doesn’t appear to be reducing. The University pulls in domestic and international students, while the warm waters and sandy shores pull in Australia’s ageing population from the southern states and Brisbane looking for the ideal location to spend their retirement.

The population of the Sunshine Coast is predicted to increase by 11% by 2026 reaching over 385,000 people.

5 best suburbs to invest on the Sunshine Coast

Rosemount 4560
2019 saw Rosemount become the Sunshine Coast’s top-performing suburb with an increase to average house prices changing positively by 25% to January 2020, according to CoreLogic.
Rosemount’s median house price rose to $738,000, with rents resting at $465 per week. House rental yield for the suburb over the 12 month period to January 2020 was 3.3%.
Long term contender for best performing suburbs of Queensland, Rosemount’s 5 year median house price growth was 58.89%.
  • Median house price: $738,000
  • Average house rent: $465 per week
  • YoY price change: 25%
  • Rental yield: 3.3%
North Maleny 4552
Hinterland suburb, North Maleny has also seen long-term growth with a 5 year average of 56.06%. In the last year the the suburb experienced 24% growth to median house price, rising to $1,000,000.
North Maleny is one of the Sunshine Coast’s smaller suburbs with a population of 622 in 2016. There are very few rental properties available and owner-occupiers comprise 84.10%
  • Median house price: $1,000,000
  • YoY price change: 24%
Conondale 4552
Located deep within the Sunshine Coast’s Hinterland is Conondale, one of the more affordable suburbs, where houses can still be purchased for less than 500k. Conondale experienced strong growth over the last 12 months with house prices rising 21.94% to $488,000.
According to Smart Property Investor, Conondale has experienced an average annual growth of 3.36%in the last ten years.
  • Median house price: $488,000
  • YoY price change: 21.94%
Dulong 4560
Another high performing hinterland suburb with more affordable house prices than it’s coastal neighbours, Dulong‘s average house price sits at $700,000. Having experienced a growth of 19.62% in the last 12 months.
  • Median house price: $700,000
  • YoY price change: 19.62%
Buddina 4575
If you’re in the market for a unit with steady rental yields, ocean-side suburb Buddina might be what you’re looking for. Buddina is the strongest suburb on the Sunshine coast for unit price growth.
Over the last 12 months we’ve seen a 26.11% growth to units, raising the median unit price to $568,000, with the median rent sitting at $360 having experienced a yield of 3.6%.
Buddina house price growth has slowed to a steady 5.21% over the last 12 months, with the median house price at $828,000, average rent of $538 per week, and a house rental yield of 3.4%.
As one of the area’s top performers Buddina has experienced an incredible 55.89% growth to the average house price, and14.29% for units over the last 5 years.
  • Median house price: $828,000
  • Average house rent: $538 per week
  • YoY price change: 5.21%
  • Rental yield: 3.4%