- 5 October 2018
Face off: Sunshine Coast vs. Gold Coast; who Wins?
Sunshine Coast versus Gold Coast - which one?
It has been a perennial question for a long time now.
In the left-hand corner: the Sunshine Coast!
Experts are hailing Queensland's Sunshine Coast as the hottest place in the nation to invest in property right now.
A lack of housing, a tight rental market, and a rapidly growing population mean supply is failing to keep up with demand in the region — creating perfect conditions for investors.
Work is underway on a new runway at the local airport, which is set to become international by 2020, and a new hospital and health precinct has recently been established.
According to demographer Bernard Salt, the Sunshine Coast’s population of around 298,000 residents is set to rise to 550,000 in 23 years, which will require more than 100,000 new homes to be built.
In the right-hand corner: the Gold Coast!
The Gold Coast is on track to become home to 1 million people within 16 years, more than a decade earlier than expected.
New data released by the Australian Bureau of Statistics show the city’s growth rate over the past year is the third largest in the country, just behind Geelong and Melbourne, with no end in sight.
ABS figures show the Gold Coast’s growth rate equates to more than 21,000 people a year, or the equivalent of the population of Maryborough, Cessnock, Goulburn or Armidale.
Demographer Mark McCrindle said the Gold Coast was in an enviable position.
“Compared to regional Queensland, the growth of the Gold Coast is red hot and if the growth rate continues at the rate we have seen in the past year, we will hit the 1 million mark in 2034. That’s not that far away,” he said.
“Even if growth slows — and I see no reason why it would — to 2 per cent, it would still get to 1 million within 20 years, by 2038."
Property Club being the leaders in Wealth Creation through property for 20+ years now, with over 20,000+ properties settled by Club members is in the enviable position of being best placed to assist YOU to have a retirement avoiding the pension!
https://www.propertyclub.com.au/contact-us/
Contact your Property Mentor for guidance and assistance on the best deals we have at the moment and let us show you how to avoid the pension!
Have a great weekend and catch you next week!
Warm Regards,
Troy
Related Posts
The Market’s Not Waiting for Rate Cuts – Is It Time to Move?
Recent data suggests that the Australian property market is already showing signs of recovery, even before the Reserve Bank of Australia (RBA) decided to cut interest rates in February. With new home sales rising and approvals for detached housing on the upswing, it’s clear that some buyers and investors are getting...
Cyclone Alfred: Staying Safe and Protecting Your Tenants
With Cyclone Alfred approaching, many communities in Queensland and New South Wales are facing uncertainty. Extreme weather events like this bring not only immediate risks but also longer-term challenges for property owners and tenants alike. At times like these, safety comes first . Ensuring you, your loved...
Western Australia Holds Its Crown, Queensland Closes In
Western Australia has held off a surging Queensland to once again claim the title of Australia’s best-performing economy, according to the latest CommSec State of the States Report. For the second quarter in a row—and only the second time in a decade—WA leads the nation, topping five of eight key economic...