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.
The Sunshine Coast is experiencing strong infrastructure expansion including a new $430m CBD (link), a $225m expansion of the airport (link), and a council & court approved $900 million beachfront masterplan and 5 star hotel development (link). It is projected that the Sunshine Coast’s population will grow from 347k to 500k by 2036 (link).
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’.
- Sun Central, Maroochydore new Town Centre (link)
- Ultra High Speed Data Cable to Asia (link)
- Airport Expansion (link)
- Sunshine Coast University Hospital (link)
- Light Rail Project (link)
- Adventure Water Park (link)
- University of the Sunshine Coast (link)
- Sunshine Coast – The real Proof behind the publicised Growth – Nov 2017 (PDF)
- Oliver Hume – 2018 SEQld Economic, Population & Housing Overview (PDF)
- Matusik -10 Things Sunshine Coast-May 2018 (PDF) – Excerpt: “Verbally the property clock reads like this: Recovery – 6 to 9 o’clock; Upturn – 9 to 12; Peak – 12; Downturn – 12 to 3; Stagnation – 3 to 6; Trough – 6. And when it comes to detached houses the Sunshine Coast is at 10 o’clock. Interestingly, and in contrast to many other locales, attached dwellings are positioned below the detached house hand at 9 o’clock. Land is around 8 o’clock.” Matusik Missive by independent property analyst, Michael Matusik. Every week Michael shares his thoughts on the Australian housing market. Visit www.matusik.com.au to find out more.
For property price projections; most research houses project good growth for the Sunshine Coast (some projections are for Brisbane):
- SQM Gold Coast & Sunshine Coast Projections (PDF)
- HTW-Property-Market-Indicators (PDF)
- BIS Oxford Economics (PDF)
Here is information on Qld economic performance provided by CommSec (PDF)
Here is information on Brisbane dwelling prices (link).
National & International economic indicators related to property
Review national and international economic indicators related to property,