Sunshine Coast Housing Investments – As Safe as Houses!
With the worst start to the year in HISTORY for the ASX (Australian Stock Exchange) combined with the decision this week by the RBA (Royal Bank of Australia) to keep the cash rate at a record low of 2.0% New Home Construction is where the ‘smart money’ is investing in. And guess what…? South East Queensland is the pick of Australia!
According to CoreLogics Australian Property Data (RP Data) Brisbane beat both Sydney and Melbourne at the end of 2015 to be the capital city returning the most significant gains, in fact Melbourne and Sydney both fell in value over this period. Areas north of Brisbane are still going through their growth period where Sydney and Melbourne are at their peak and due for a decline.
So, where to from there? Well the cut throat investor is currently targeting areas such as Mango Hill, Kallangur and North Lakes because that is where 5 minutes on Google will tell all the investors having a punt to go. The problem is that everyone has now read this and jumped on the band wagon, so the market there is now flooded with mass, low quality housing that does have a chance of returning some good yields in the next 6 months.
For those lucky enough to pick the right time to exit however also comes with the high risk of the inevitable decline in the prices for the majority of people who do not get out in time. This is the product of rushed growth and poor planning. Those who are looking for the low risk yet still higher returns than the current stock market and super funds would be wise to look at spots such as Beerwah on the Sunshine Coast to build.
Beerwah thankfully has not hit the investor radar yet and has had time to grow with well thought out planning and blocks of land available that are twice the size of Brisbane’s flooded Northern Suburbs while only half the price. There is currently a new major arterial road nearing completion which will connect the picturesque suburb of Beerwah to the beauty of the Pumicestone Passage and Golden Beach with only a 10 minute drive. Furthermore it is only 45 minutes from Brisbane’s CBD by train making it faster to catch the train to work than drive.
Why is this attractive you ask? The answer is simple. When you look at areas around Sydney and Melbourne that share the same characteristics at this the price point for house and land is well north of the 1 million dollar mark. Currently you can get a house and land package from Stroud Homes Sunshine Coast for around the $435K mark! This makes it the most affordable housing in Australia with the greatest potential for growth.
Whether you’re a keen investor looking for the next hot spot or a family looking to grow your wealth in the family home, do not look past the Sunshine Coast and the team of new home builders at Stroud Homes Sunshine Coast.