Sunshine Coast, Queensland

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The Sunshine Coast is an urban area in South East Queensland, north of the state capital of Brisbane on the Pacific Ocean coastline. By population it ranks as the 9th largest metropolis in Australia and the third largest in Queensland. At the 2011 Australian Census the region recorded a population of 270,270. By 2050, the combined region of Brisbane/Gold Coast will be the 3rd largest centre behind greater Sydney and greater Melbourne. Brisbane/Gold Coast/Sunshine Coast will by 2050 be as big as Sydney/Newcastle/Wollongong is today – summary article (PDF).

Hotspotting research report (link)

The area has several coastal hubs at Caloundra, Kawana, Maroochydore and Noosa Heads. Nambour and Maleny have developed as primary commercial centres for the hinterland.

The Sunshine Coast economy has traditionally been dominated by three main sectors – tourism, retail and construction. The region also has a strong agricultural sector. However, the Sunshine Coast now hosts under construction the largest medical precinct in the Southern Hemisphere involving billions of dollars of investment and creating thousands of jobs.

Strong efforts are also being made to diversify the regional economy by the Sunshine Coast Regional Council and others with an emphasis on ‘clean and green’ knowledge-based businesses across sectors such as information and communication technologies, cleantech, creative industries, aviation, health, education and food and beverages. The Sunshine Coast is also emerging as a hotspot for entrepreneurial and innovative businesses. This has been partly fuelled by a new wave of over 100 start-up businesses – mainly in ICT, cleantech and creative industry sectors – generated by the University of the Sunshine Coast’s Innovation Centre.

The University site at Sippy Downs is designated as a ‘Knowledge Hub’ as part of the Queensland Government’s South East Queensland Regional Infrastructure Plan and is master planned as Australia’s first university town based on the UK models with the potential for over 6,000 workers in knowledge based businesses. Sippy Downs was highlighted as an ‘Innovation Hotspot’ in July 2010 by top European Business magazine CNBC Business with the potential to be ‘Australia’s no-worries-answer to Silicon Valley’.

For property price projections; most research houses project good growth for the Sunshine Coast (some projections are for Brisbane):

Here is information on Qld economic performance provided by CommSec (PDF)

Here is information on Brisbane dwelling prices (link).

More information on Sunshine Coast (link)

National & International economic indicators related to property

Review national and international economic indicators related to property,

Review detailed property data & charts