STAND aside Brisbane and Gold Coast, there's a new boom market to watch. Experts predict Sunshine Coast real estate pric
Other Coast Set to Shine
Sunday Mail News | 22 October 2017 | Kieran Clair
STAND aside Brisbane and Gold Coast, there’s a new boom market to watch. Experts predict Sunshine Coast real estate prices will skyrocket on the back of rising infrastructure spending, industry growth, jobs and lifestyle. Analysis of the region’s market over the past 12 months revealed 14 suburbs where housing achieved capital gains of 10 per cent or better, with Buddina, Forest Glen, Meridan Plains and Noosa Heads all breaking the 13 per cent barrier. Property research company Hotspotting released their quarterly National Top 10 Best Buys report and named the Sunshine Coast as a real estate winner. Hotspotting also chose the region as its National Growth Star in their most recent Price Predictor Index report which studies sale volumes across Australia. “While the Gold Coast has faded recently, the Sunshine Coast continues to rise,” the report says. Hotspotting founder Terry Ruder said there were opportunities from Caloundra to Noosa. “There are more growth suburbs on the Sunshine Coast than any other local government area in Australia,” he said, adding that the region had evolved beyond its tourism tag. “It is becoming a well-rounded regional economy largely through infrastructure spending, some of which is creating new industries.” Mr Ryder said the Sunshine Coast University and the $2 billion University Hospital were examples of regional game-changers. Carlos and Belinda Zambrana will move their family from the Redcliffe peninsula to Warana in the next three years, but brought now to beat the price boom. The couple paid $685,000 for their four-bedroom house, which is now tenanted. Mr Zambrana said the area’s lifestyle was the main attraction, and his only regret was not buying sooner. “The end of the street is the start of the beach - so it’s a two minute walk,” he said. “We love the Sunshine Coast.”
