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Sunshine Coast update
Topic Started: 31 Jul 2015, 01:09 AM (3,402 Views)
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oops I meant vacancy rate not occupancy
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peter fraser
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Matt
2 Aug 2015, 08:10 PM
New Sunshine coast university hospital - 6000 jobs in 2016 apparently, lower AUD to increase tourism, prices have not reached previous peak, under 2% occupancy rate. Rentable property commuting distance to Hospital maybe worth a thought. I am considering... opinions?
You're a bit late, housing around the new hospital has already leapt higher a year or two ago. There may be something left in it but that's hard to say. Rentals near hospitals have usually done well though, and major hospitals usually grow, especially in an area that attracts retirees like the Sunshine Coast.
Any expressed market opinion is my own and is not to be taken as financial advice
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peter fraser
2 Aug 2015, 08:52 PM
You're a bit late, housing around the new hospital has already leapt higher a year or two ago. There may be something left in it but that's hard to say. Rentals near hospitals have usually done well though, and major hospitals usually grow, especially in an area that attracts retirees like the Sunshine Coast.
Thinking of a 2bed rental 15 mins commuting sub $250k, not immediate proximity but good area (Buderim). A little reluctant to invest due to economy but thinking effect of lower Aud on tourism based Sunshine Coast with a rare opportunity of job growth around hospital = opportunity. Immediate area seems way overpriced.

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Fisho74
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Ye I heard Currimundi is set for a good run being walking distance to the hospitals. Just what im hearing. Makes sense tho...
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ThePauk
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peter fraser
31 Jul 2015, 01:09 AM
Sunshine Coast Update.
The Sunshine Coast is a sleepy stretch of the coast north of Brisbane that has some very attractive beachside towns and some pretty good surf beaches.
The are was hit very hard after the GFC as it relies heavily on tourism for it's ;local industry.
Lets see how the main centres are going.
Noosa has come back very well.
Posted Image
Are you still sticking to your charts?

Posted Image
Edited by ThePauk, 29 Aug 2015, 01:52 PM.
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peter fraser
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ThePauk
29 Aug 2015, 01:52 PM
Are you still sticking to your charts?

Posted Image
Yes.

http://www.sqmresearch.com.au/asking-property-prices.php?postcode=noosa+heads&t=1
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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peter fraser
29 Aug 2015, 02:03 PM
Sure, the SQM does seem to sort of match your charts. However that rise in Noosa as per your chart is 100% not real.
perhaps 2102 July $650 to July 2015 $825 as 27% seems believable, however your charts has appox $650K to $950k

It is odd however that you and I get different charts from the same source as PF?

Your charts do not match...
Coolum
http://www.sqmresearch.com.au/asking-property-prices.php?postcode=4573&t=1
or
Caloundra
http://www.sqmresearch.com.au/asking-property-prices.php?postcode=Caloundra&t=1

Odd....
Edited by ThePauk, 29 Aug 2015, 02:14 PM.
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peter fraser
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ThePauk
29 Aug 2015, 02:09 PM
Sure, the SQM does seem to sort of match your charts. However that rise in Noosa as per your chart is 100% not real.
perhaps 2102 July $650 to July 2015 $825 as 27% seems believable, however your charts has appox $650K to $950k

It is odd however that you and I get different charts from the same source as PF?

Your charts do not match...
Coolum
http://www.sqmresearch.com.au/asking-property-prices.php?postcode=4573&t=1
or
Caloundra
http://www.sqmresearch.com.au/asking-property-prices.php?postcode=Caloundra&t=1

Odd....
I can't explain why the same data source gives two different charts, but I see that you have now accepted that the trend is upward for the region.

Any expressed market opinion is my own and is not to be taken as financial advice
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