The question being asked right now is where is this property market heading and what’s going to happen with interest rates moving forward, the answer is complex and in my opinion the market is going to vary across different geographical areas on the Sunshine Coast.
If you’re buying in any new land development (other than Bokarina Beach) then you should have a long term strategy and don’t expect big gains in the first decade, if you’re looking in any beachside suburb then it’s a different kettle of fish meaning shorter term gains can be expected, keep in mind the buy in price will be much higher.
There is plenty of talk around Moolooaba’s new carpark, the new Maroochydore CBD, major road projects and even tram lines, but what you may not know is that there is literally 300 plus apartments coming on line between Alexandra Headland and Mooloolaba, these projects will vary from holiday to permanent residences and will create strong job growth for the area. Interest rates I expect to rise at some point to curb debt for households investing too heavily in property, the Reserve Bank has left interest rates low and have paid more attention to the Aussie dollar even though it’s not mentioned in its frame work. The banks factor in rate rises when calculating affordability so interest rates are affordable but any increases may slow down the uptake of future invest properties and projects.
My advice is always invest within your comfort zone, have a plan and exit strategy and don’t buy into the one size fits all investment advice. Personally I still believe the best investments on the Sunshine Coast are within close proximity (walk to) beaches, good schools and acreage properties within 10 mins of the Central Sunshine Coast.