The Sunshine Coast continues to lead the pack
Over the last few years the Sunshine Coast property market has strengthened even further. Coolum has performed exceptionally well — experiencing almost 30% growth in the last two years; 2006 and 2007*. What’s more, PRD Nationwide research reveals that Coolum’s rental yields have followed suit, jumping 13.6% in the 12 months to June 2007.
Now home to more than 300,000 people, the Sunshine Coast is experiencing the third-fastest population growth in Queensland and has grown faster than the national average for the past three decades.
Queensland government projections suggest this growth may average 2.5% per annum for the next 20 years — the equivalent of 9,185 new residents moving to the Sunshine Coast each year.
Furthermore, the number of 'holiday makers' to the Sunshine Coast has increased by 13% to a total of 2.07 million — as at July 2007* .
Sustained population growth, a buoyant economy and strong tourism numbers will see property prices and rental returns on the Sunshine Coast continue to increase.
Sources: * PDS Live + Tourism Queensland, Sunshine Coast Regional Snapshot, September 2007.