The investment sales market for Sunshine Coast is very strong as the yield per investment is around five to six per cent. People are rapidly investing in commercial property Caloundra wide and other well-located areas as it is a very lucrative option. Sixty industrial land sales have been carried out in the past twelve months and half of them have been taken up by developers. The rentals have remained stable giving another incentive to people to invest in properties. The industrial lands of Coolum, Caloundra and Noosa have been particularly in demand. Caloundra commercial property is offered at competitive prices and the low interest rate on loans is driving people to invest.
Reasons behind this sudden boom in the property market
The Sunshine Coast region is an investment hotspot as it is an attractive tourist destination and offers a great coastal lifestyle. The rentals Sunshine Coast properties offer are relatively cheap than the other areas. This is the reason why the rents for houses and units increased by 4.1 per cent and 3 per cent at the end of last year. The location of the area is another factor in its favour as it is located close to Brisbane. The area has seen a sudden influx of buyers from Asia and the southern states of Australia which has led to a high demand for properties but the supply is not enough to match up to the demand. This has caused a rise in property prices. The Sunshine Coast’s median house price is $555,000 which has seen an increase of 4.4 per cent from last year.
The popular property hotspots along the Sunshine Coast have been Dicky, Shelly and Moffat beaches. Caloundra is favoured for its laid back lifestyle and its coastline is a protected residential area which is not densely populated. In areas like Noosa, houses have been sold for around $2 million and units for $1 million. This sudden rise in investment is due to the rapid development that the Sunshine Coast is currently undergoing which is attracting investors and tourists alike.
Availability of rentals in these areas
The rentals Caloundra properties offer are available in the form of houses, apartment units and cottages. The rental for houses ranges between $285 and $1000 per week. Mostly every Caloundra commercial property is available either on sale or on lease. There are currently many such properties available which you can check out by visiting websites like http://www.henzells.com.au. The commercial properties are conveniently located in the business areas and some are ready for moving in directly. The residential properties are available on rent to those who visit Caloundra on a vacation. These places are located near the beaches and offer all the modern amenities so that the families or couples who stay there get the feeling of a home away from home.
It is a good time to invest in the rental properties Sunshine Coast is offering. The prices are still affordable at Henzells real estate. Rentvestment is attracting investors as they are buying properties for renting purposes and the return on their investment is helping them to buy a more affordable house for themselves in the same area. So go ahead and take the advantage of this investment boom and buy a caloundra commercial property as an investment. For more details, you can visit https://henzells.com.au/commercial/commercial-property.