Cotton Tree by Mosaic
17 The Esplanade, Cotton TreeView
Just three of the major infrastructure projects in the region include: the $534 million Sunshine Coast Airport Expansion connecting the Sunshine Coast on an international scale, the $7 billion Aura Master Planned City, and the creation of a new $2.5 billion CBD in the heart of Maroochydore. These projects are expected to contribute more than $350 million to the region’s economy in the next five years and generate $5.9 billion in expenditure by 2040.
The scale and strength of the Sunshine Coast as a region is often underestimated. It is the 9th largest ‘significant urban area’ in the country, with economic and population growth that is outpacing other scale regions both in percentage and absolute terms.
The Sunshine Coast is the 9th largest significant urban area in Australia and one which has been experiencing significantly higher percentage population growth than all capital cities during the previous decade.
The region boasts an economy worth around $21 billion, having grown by around almost 60% in the previous decade. (Source: .ID Community)
A strong infrastructure pipeline in excess of $20 billion including transport, new CBD and master planned communities.
The Sunshine Coast economy has generated an additional 33,000 local jobs in the past five years. (Source: ABS)
As desirability and demand for Sunshine Coast property has risen, local house prices have been closing the gap with east coast capital cities. The median Sunshine Coast house price of just over $1 Million has now surpassed that of Brisbane and Melbourne, but for the time being remains relatively affordable compared to Sydney at $1.34 Million.
Sunshine Coast rental vacancy rates have been indicative exceptionally tight and undersupplied market for an extended period of time. Having averaged 0.8% over the previous three years, Sunshine Coast vacancy rates have been less than half those recorded in Sydney and Melbourne which averaged 2.5% and 2.8% respectively. (Source: SQM Research)
Extremely low vacancy rates have led to exceptional growth in Sunshine Coast apartment rents, which have risen by an average of 11.8% annually for the previous 3 years. (Source: Corelogic)
Sunshine Coast apartment rental yields have averaged 5% over the previous 3 years, significantly higher than those achieved in Sydney and Melbourne, which both averaged 3.7% over the same period. (Source: SQM Research)
Consistent growth across the previous 10 years has seen the Sunshine Coast median apartment price rise at an average of 7.5% per annum over the previous decade. With 90% cumulative growth over this period, Sunshine Coast apartments have near doubled in value. (Source: Pricefinder)
Renowned for some of the most pristine and beautiful beaches in the world, the region is approximately 3,130km² and stretches along 65km of sandy beaches and headlands
3,722ha of reserves and 2,000ha of national parkland spread throughout and hinterland areas provide off-road driving, walking trails, lookouts, waterfalls and swimming holes
An enviable coastal lifestyle with beach and waterway activities including fishing, swimming, water skiing and kayaking
A vibrant activated community and an impressive range of shopping, fine dining, entertainment and leisure offerings
One of Australia’s fastest-growing Universities, The University of the Sunshine Coast currently hosts around 18,000 students.
The new CBD is host to the most technologically advanced infrastructure foundations in Australia, ranging from high speed digital connections to Australia’s first underground pneumatic waste system