The Sunshine Coast property market is experiencing massive growth. Property prices have been soaring in the region for years. This is primarily caused by the rising population, and there’s no sign this is going to slow down. The recent increase in interstate migration into Queensland has sharply increased the demand for housing, which has resulted in a shortage of available houses.
Our New Home Consultants specialise in helping renters get off the rental roller coaster and into their own home. Darren Walters, the CEO and Director of No1 Property Guide, utilised his 20+ years of experience in property and lending policies to develop his no or low deposit new home system. We’ve used this system to get thousands of our clients into their brand-new home.
To start your homeownership journey, get into contact with our team by filling in our pre-qualification form.
The Impact of House Shortages & A Rising Population
Limited housing supply is the key factor to the rapid growth of the Sunshine Coast property market. With land in high demand, the price of housing in the region is constantly being pushed up and risks becoming unaffordable to everyday renters.
On top of the shortage of new and existing houses on the market, the rental vacancy rate has dropped dramatically since covid hit our shores. Before the pandemic, the vacancy rate was already bad, with most suburbs across the coast below 2% availability. But since the pandemic hit, vacancy rates have dropped to below 1% across the board. With the coastal strip going as low as 0.2% in some areas.
Being a renter in this market can be nerve-wracking. Which is why getting into your own home as soon as possible is crucial. Owning your own home gives you peace of mind knowing you’re free of rental nightmare and not subject to a landlord deciding to kick you out or sell the property you and your family are living in.
Getting out of the rental cycle is as easy as filling in our pre-qualification form and speaking to our New Home Consultants. We’ll guide you through the homeownership journey and find the perfect no or low deposit house and land package for your borrowing capacity and needs.
To help with the rental crisis, the Sunshine Coast Council stated that they’re planning to cater for an additional 200,000 people to live in the region by 2041. By fast-tracking housing developments and granting quicker approvals to new estates across the region.
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This makes it a great time to build your new home in the Sunshine Coast region. With plans to develop and build new housing estates across the region, getting into the ‘outer suburbs’ now is ideal. As new estates are built and developed, these ‘undesirable’ outer suburbs quickly become hot favourites and tend to skyrocket in value and demand.
No1 Property Guide CEO, Darren Walters, has seen this happen across SE QLD many times, most recently on the Gold Coast.
“5 years ago, I was telling my clients that Coomera, Oxenford and Ormeau were going to be some of the most popular areas on the Gold Coast. And getting in there now (5 years ago) for less than $500,000 was an absolute steal. Now I have renters asking to build their new home there almost every day. But house and land packages in the region start around $600,000 and aren’t an option for many renters.
I can see the same thing happening on the Sunshine Coast. And I believe in a few years, the current outer suburbs are going to become some of the most in-demand regions in the entire area.”
With new developments in prime growth areas, combined with Darren’s unique no or low deposit new home system, now’s the best time to get into the market. Whether it’s your first home or you’re getting an investment property, No1 Property Guide can help you achieve your homeownership dreams. By utilising Darren’s no or low deposit house and land packages, we provide a path for renters across the Sunshine Coast and Australia to become homeowners.
Get in contact with our New Home Consultants by filling in our pre-qualification form today.
An Explosive Rise in House Prices
In the last 12 months, the median house price has exploded in value. In fact, 2021 alone saw a 12.9% rise in the median house price for the Sunshine Coast property market.
But this kind of growth isn’t restricted to just the last 12 months. Over the last 2 decades, the Sunshine Coast has seen huge capital growth across the region. In fact, some suburbs had their median house price increase by more than a million dollars in just 20 years!
With such huge growth on the Sunshine Coast, it’s clear to see that getting into the market when you can is the best option. If you had gotten into a new home 20 years ago it could be worth almost 10 times what you paid for it!
Ready to finally escape the rental nightmare and own your own home on this hot Sunshine Coast property market? Simply fill in our pre-qualification form and our New Home Consultants will be in touch to discuss your factual options.
From there, we’ll simply guide you through the homeownership journey from start to finish. Our team will be with you every step of the way, from financing up to handing over the keys. Start the process of getting into your own home today!