QLD Where to Buy on Sunshine Coast

Discussion in 'Where to Buy' started by BrianH, 1st Jan, 2019.

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  1. BrianH

    BrianH New Member

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    Greetings, I have about 450 k to spend on an investment property. Any suggestions on where to buy. I was hoping for a house that would rent out easily and has good capital appreciation potential.
     
  2. Heinz57

    Heinz57 Well-Known Member

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  3. jazzsidana

    jazzsidana Mortgage Brokers - Investment Savvy Business Member

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    450k is decent budget.

    Question is - why sunshine coast specifically?

    Few areas closer to Brisbane will offer decent potential for growth and have good yields...

    Cheers,
     
  4. Angel

    Angel Well-Known Member Premium Member

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    I've been waiting 24 hours for someone else to ask the obvious question: "What can you get for $450k on the Sunshine Coast?"
     
  5. Angel

    Angel Well-Known Member Premium Member

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    Is there anything available at Beerwah in that budget near Terri's new resort and waterpark?
     
  6. Jana

    Jana Active Member

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    U reckon this place has good potential? Sunshine coast is off the radar for me, so I have no idea.
     
  7. BrianH

    BrianH New Member

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    Any ideas around Brisbane then?
     
  8. jazzsidana

    jazzsidana Mortgage Brokers - Investment Savvy Business Member

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    Middle ring north and south is not bad..

    More importantly comes down to what your current portfolio looks like, cashflow, goal/target e.t.c e.t.c
     
  9. mat123

    mat123 Member

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    I'd check out Buderim. It's a strong owner-occupied suburb with very low vacancy and good rental returns (4.1%). It's been growing by about 5% a year for the past 6yrs or so. There're a few houses around the edges of the mountain for that money, otherwise look at the neighbouring suburbs on the Eastern/Northern boundaries.
    Lots of investment in the area recently and very high population and jobs growth
     
  10. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    I don't think $450k is going to stretch too far :-( Maybe if you look inland but the hinterland towns prob experience less longer term growth.

    Cheers

    Jamie
     
  11. chindonly

    chindonly Well-Known Member

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  12. Ross36

    Ross36 Well-Known Member

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    Be careful buying cheap houses "in" Buderim, they are often on the side of the hill and have slippage issues that will cost a fortune to fix or be in flood areas. The mountain drops fast on some sides and we get a lot of rain so fixing these problems becomes a nightmare.

    My advice is up your budget another 50-100k if possible and target around Warana / Currimundi with at least 600sqm, or if you are stuck at that budget you could place a long-term bet on the Light Rail to Brisbane becoming a reality and go for places like Nambour and Beerwah. You might even be able to get something subdividable for that budget around there, and if the fast train does happen it might get a lot of commuter interest in future. I'd avoid new developments around Aura, I don't think good things will happen there in 10 years.
     
  13. Joshua Boctorani

    Joshua Boctorani Member

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    Are you looking at Sunshine Coast because of the Health Care Precinct? Being a commutable distance to the University + Hospital is only going to prove beneficial in the long run.