Where to Buy Property in Queensland and Sunshine Coast
November 16, 2023
In search of sunnier skies and wondering where to buy property in Queensland? Look no further than the magnificent Sunshine Coast – a veritable slice of sub-tropical heaven catching the eyes of first-time buyers, families, investors and more.
When you call this corner of the world home, you can wake up to the sound of the ocean, breathe in the smell of salt in the air, and gaze upon the wondrous sight of the lush hinterlands on the horizon. This is fast becoming a reality for many, as the Sunshine Coast is experiencing a boom in property interest, seeing demand consistently jump for all homes and units alike.
And it’s not just the idyllic lifestyle that’s attracting attention. With substantial infrastructure developments, a burgeoning economy, and a steadily growing population, property on the Sunshine Coast is seen by many as a wise investment.
So, whether you’re looking to invest or nest, the Sunshine Coast in Queensland is always a top pick.
Why Queensland’s Sunshine Coast is an Ideal Investment Location
Natural Beauty and Lifestyle
Queensland’s Sunshine Coast is nothing short of a paradise, offering a lifestyle many dream of, but too few get to experience. From pristine beaches stretching as far as the eye can see, to the dense, verdant hinterlands offering a cool respite from the coastal heat, it’s safe to say that not many regions can match this natural beauty.
Once settled, your new, relaxed lifestyle on the coast will help you feel a world away from the hustle and bustle of city life, affording you a well-earned opportunity to unwind and enjoy life at a slower pace.
It’s not all about the laid-back lifestyle, though, as the Sunshine Coast is a region on the rise. Driven by significant growth in infrastructure, tourism, and local businesses, the Sunshine Coast has cemented itself as one of Australia’s fastest-developing economies, enjoying growth rates well above national averages (8.1% annual GRP growth to the end of June 2022).
What’s more, there is currently $19.5 billion worth of infrastructure projects, either underway or recently completed, such as the expansion of the Sunshine Coast Airport and the development of new retail hubs and business parks, that are making the region more accessible to both domestic and international visitors.
Rising Property Values
Combining this highly desirable lifestyle with such enviable economic growth has clearly driven up the prices of property on the Sunshine Coast.According to the latest data from Domain, houses across the Sunshine Coast are forecasted to grow by 1-2% over the coming months and into the end of June 2024. This is off the back of incredible rises during the COVID years, where property values surged more than 50% as many previously living in cities like Melbourne and Sydney looked for a sea-change throughout lockdowns.
Rents have continued (and are expected to continue) rising amid a lack of supply, leaving a great option for those looking at where to buy an investment property in Queensland.
Top Areas to Buy Property on the Sunshine Coast
Nestled between the sparkling white sands and the lush green hinterland, Harmony by AVID Property Group is a master-planned community in Palmview, offering the perfect blend of village community charm and coastal living.
- Harmony boasts a range of exciting features, including:
- A future town centre with specialty shops and a supermarket
- Over 120 hectares of open space with BBQ areas, playgrounds, and picnic areas
- The Grand Linear Park, District Recreation park, and an off-leash dog park suitable for kids of all ages
- Just 20 minutes to the Sunshine Coast Airport.
Now selling house and land packages, land for sale, and limited-release terrace homes, Harmony offers an array of desirable options for every lifestyle, stage of life, and future plans. With eight unique neighbourhoods reflecting their distinctive settings, you’ll find your ideal address at Harmony.
Mooloolaba is a picturesque town on the Sunshine Coast offering a laid-back vibe that is quite a change of pace from the nearby Surfers Paradise or Gold Coast.
With that said, there is plenty to keep you occupied, from the white-sandy beaches hugging the sparkling Coral Sea to the stunning Mooloolah River and the magical Alexandra Headland and Cotton Tree. Away from the natural beauty, there is also a wonderful selection of local shops, restaurants, fun bars, and the famous Eumundi Markets, which open every Wednesday and Saturday. Here, you will find thousands of arts and crafts stalls, excellent food, and live music.
Plus, with Brisbane just over an hour away, you have access to all the job opportunities of the capital, making Mooloolaba an ideal location for families, as well as those seeking an active outdoor lifestyle.
Maroochydore will be an excellent choice for those craving coastal living near the CBD. Sat just an hour north of Brisbane, this burgeoning hub on the Sunshine Coast balances rapid growth with its cherished beach and river lifestyle.
From the superb beaches of Maroochydore and Cotton Tree, offering sunbathing, swimming, and surfing, to the bustling Ocean Street precinct with its popular restaurants, bars, and cafes, there’s something for everyone. The new CBD is evolving, too, blending businesses, residential living, and restaurants with an array of lush green spaces.While Sunshine Coast property prices are on the rise due to strong demand, many still consider Maroochydore more affordable compared to Brisbane, attracting young professionals drawn to the energy, bars, cafes, and restaurants, as well as the relaxed beach, river parks, and Sunday markets of Cotton Tree.
Benefits of Investing in AVID: Harmony
AVID Property Group is devoted to tailoring modern, comprehensive residential communities to the needs of Australian families. Located in the heart of the Sunshine Coast, Harmony encapsulates a highly desirable coastal lifestyle with a connected community, green open spaces, and an array of amenities. From its convenient location to our commitment to sustainability, Harmony offers its residents a vast selection of benefits.
Harmony embraces the changes our world needs and exemplifies sustainability in the industry. Recognised with a 6 ‘Leaf’ EnviroDevelopment certification from the Urban Development Institute of Australia (UDIA), Harmony stands as a testament to responsible living, ensuring every facet of life here contributes to our:
Living at Harmony means being part of a community that values and actively contributes to environmental sustainability.
Amenities and Facilities
Anticipate your needs being met even before they arise at Harmony. The future town centre will feature specialty shops, a supermarket, commercial businesses, cafes, and restaurants, all within walking distance. More than 120 hectares of open space will provide BBQ areas, playgrounds, and picnic areas. The brand-new District Recreation park includes a large hide-and-discover playground, multiple swings, and a dual flying fox. Residents can enjoy the convenience of two future schools, as well as childcare options and proximity to shopping centres and the regional healthcare centre. To top things off, future access to the Bruce Highway will make local trips and travel to Brisbane effortless.
Community is the lifeblood of Harmony. The Harmony Business Hub provides a central listing of businesses owned and operated by Harmony residents, creating an excellent place for networking opportunities and events that support professional and business development. Outdoor living is encouraged with abundant green spaces, parks, playgrounds, and walking trails. Free fitness and yoga classes promote a healthy, connected community. Harmony is not just a place to live; it’s a community that supports and enriches the lives of its residents.
Considerations When Buying Property in Queensland
Deciding on the Property Type
Before searching where to buy a residential or investment property in Queensland, you must first pinpoint which type of property to consider.
Is it a place you and your family would like to call home? Perhaps a new addition to your property portfolio on your way to creating generational wealth? Maybe a vacation rental?
Each option has distinct benefits and drawbacks, such as the location, layout, and nearby amenities. Understanding your primary reason for acquiring the property is pivotal as it impacts all subsequent choices.
Understanding Your Budget and Financing Options
Arguably the most vital aspect of looking for a Sunshine Coast property is your financial position. Take the time to fully appreciate your available budget and how you intend to fund the purchase. Account for all associated expenses, not solely the property’s cost, such as stamp duty, legal/conveyancing fees, and outgoings for property assessments and inspections.
Consider delving into your mortgage options and securing a pre-approval if possible. This can not only clarify your borrowing limit but also render you a more appealing buyer to sellers.
Conducting Thorough Research
Meticulous research is non-negotiable. Get started by reviewing the unique dynamics of the property market in Queensland, concentrating on the particular region in which you’re eager to buy. Examine property price trajectories, rental returns, and capital growth potential. Additionally, assess the amenities in the vicinity, such as educational institutions, shopping complexes, and public transportation. If you’re unsure how to proceed with where to buy property in Queensland, it can prove beneficial to seek counsel from real estate experts who can offer real insights and recommendations based on their experience in the Queensland property market.
Consider Queensland for Your New Home
As you review your choices on where to buy property in Queensland, be sure to review the exciting new opportunities for coastal living on the Sunshine Coast at AVID: Harmony. Contact us today to learn more about the development or to register your interest.