The following article was taken from the Sunshine Coast Daily. You can visit the article via this link. Click HERE.
Ray White Golden Beach marketing consultant Steve Nelson is not surprised that Caloundra South is selling well while other areas slowed.
CALOUNDRA South has pushed and shoved its way ahead of Sunshine Coast counterparts to become one of the fastest growing areas in the state.
The figures from the Housing Industry Association, based on ABS numbers, put the boom area in sixth on a list of property “hotspots” in Queensland, wedged between inner-city Brisbane and Southport on the Gold Coast. A hotspot, according to the HIA, is an area eclipsing the national average in its growth rate and reaching beyond $100 million worth of projects. Ray White Golden Beach sales consultant Steve Nelson said it was no shock that Caloundra South, which included Pelican Waters and Bellvista, was thriving while other areas slowed.
“The Sunshine Coast seems to be a favourite spot and it’s a lot less developed than the Gold Coast,” Mr Nelson said. “And we’re still getting a lot of visitors to the area.”
Some of those visitors aren’t content to simply have a taste of our Coast and return home, with many ponying up the money to move here permanently. Townsville man Allan Burch is just one of those people, deciding to relocate here with his wife and escape the far north. Originally we just came down for a holiday from Townsville,” he said.
“We visited about 12 months ago and we were there for a week”. “But we just fell in love with the place.” Mr Burch said he and his wife were in the hunt for a house in Buderim or Sippy Downs but eventually settled in Bellvista. “The southern end (of the Coast) was less touristy and a nicer area,” he said. “And it’s still close enough to the Mooloolaba area.”
Ray White Caloundra principal Thomas Garland said these visitors who were opting to share our region were helping keep the Coast plodding along in otherwise very difficult times. “We are protected only by the fact that we’re seen as a highly sought after destination,” he said. “In Cairns, tourism has died and there were at least 27 auctions for mortgagee-in-possessions last week.” He said that Caloundra South’s position as a Queensland hotspot is a “great thing” for the region. Mr Garland said that the area being huddled between inner-city Brisbane and the Gold Coast was “about spot on”. “I think it’s that we have more room up here,” he said. “And it’s all in line with what’s been going on for the past eight years.”
Queensland HIA Hotspots
1. Griffin-Mango Hill (annual growth rate: 12.8%)
2. Condon-Rasmussen Bohle Basin (7.9%)
3. Central Pine West (7.8%)
4. Ipswich East (7.3%)
5. City–Inner Brisbane (5.5%)
6. Caloundra South
Annual growth rate: 5.1
A report on Monday Night’s BeCA General Meeting conducted at the Land Sales Office can be seen in the post below.