Mooloolaba continues to outperform the Sunshine Coast in median prices and growth
The Sunshine Coast has been named the nation’s next property hotspot as esteemed property research company Hotspotting released their quarterly ‘National Top 10 Best Buys’ report in late October. Terry Ryder, Hotspotting Founder said ‘the Sunshine Coast region has evolved beyond its tourism tag, transitioning to becoming a well-rounded regional economy due to infrastructure spending, some of which is creating new industries’. The Sunshine Coast ranked higher than both Brisbane and the Gold Coast in terms of anticipated property values and increases.
This news certainly builds confidence in the local property market and the Sunshine Coast economy, already benefiting from the Sunshine Coast Councils $33billion economy based on the 20-year economic plan which supports transformational capital investment and encourages growth. This plan has started paying early dividends, with key suburbs across the Sunshine Coast already showing impressive growth and promising even greater returns in the future. Data indicates that Mooloolaba alone has experienced an incredible increase in property values of 23.5% in the last 5 years, and compared with the 4.17% increase in average sale price across the Sunshine Coast in the last twelve months, Mooloolaba has outperformed with an impressive 6.62% growth.
Investment properties within Mooloolaba are also performing strongly. Apartments within the sought after tourist destination are demonstrating not only strong long-term growth but also quality returns on investment now. Record low vacancy rates, coupled with outstanding short-term and permanent rental returns are creating an investors dream scenario. Property management experts report that two bedroom apartments are achieving a short-term rental income of up to $460 per night and up to $550 per night for a three bedroom apartment in Mooloolaba. Third party property managers have provided Allure Mooloolaba with rental appraisals that match these anticipated short-term rates making this such a strong investment opportunity for savvy investors.
With over 65% of Allure Mooloolaba apartments already sold, there is a limited opportunity to capitalise on the significant growth and impressive rental returns within Mooloolaba. Apartment buyers have come from far and wide to secure this opportunity within this boutique executive residence, some as far as New Zealand. If you are interested in finding out more about this limited opportunity please do not hesitate to contact Baydn Dodds on 0418 173 187.