REVEALED: Top three Sunshine Coast suburbs for investors
Low vacancy rates and high demand for property is proving to be a window of opportunity for investors on the Sunshine Coast.
With the 2032 Brisbane Games secured, all three levels of government will plan for infrastructure spending throughout the region during the next 11 years and that will create plenty of jobs.
Bulletproof Investing on the Sunshine Coast author James Fitzgerald believes investors can capitalise on this opportunity and advises people to look for land with high population growth and near key infrastructure.
The JLF Group managing director says his top three suburbs to invest on the Coast are: Birtinya, Caloundra and Palmview.
“All three suburbs are affordable and have a lot of demand for property from growing populations,” he says.
“They will also benefit from key infrastructure spending over the next five to ten years.”
All three suburbs have very low vacancy rates, well below the 3 per cent, which is considered to reflect a balanced market.
Mr Fitzgerald says Caloundra is an affordable suburb close to the beach, which will benefit from the proposed light rail extension.
“Plus, it is still considered close to Brisbane, so it is well placed for those who wish to continue working from home even once COVID lockdowns come to an end," he says.
Palmview offers buyers a tree-change lifestyle not far from the beach and with houses in Palmview achieving high rental yields, which make it an appealing investment location, Mr Fitzgerald says.
"It's great if you can get growth in the short term but you really need yo go into these things with a long-term perspective," he says.
"People are seeking a tree change. They're wanting a lifestyle that is becoming a much bigger priority in the wake of lockdowns."
Mr Fitzgerald believes Birtinya, the most expensive of the three suburbs, has a lot going for it including access to the beach, light rail, Sunshine Coast University Hospital and Sunshine Coast Stadium.
His top tip for those wishing to invest on the Sunshine Coast is - buy land.
“Land in fast growing areas is the safest and best-performing asset you can invest in,” he says.
“Land is in finite supply and as the population grows so too will the value of your land.”
Images: Supplied by Sequel PR