The Sunshine Coast is likely to benefit from investment dollars heading north in 2016 as interstate investors look for new opportunities and greater returns.
According to the REIQ, the combination of growing confidence in the economy and ground breaking on major infrastructure projects has given the region added appeal.
Among those key developments is the proposed $350 million expansion of Sunshine Coast Airport, the new Maroochydore City Centre, the completion of Sunshine Coast Public University Hospital and the new health precinct at Kawana Waters.
The flow on effect in residential and commercial land development is expected to bring additional population and job opportunities including the construction of 2000 new homes as part of the Maroochydore City Centre project and 20,000 new homes south of Caloundra as part of the Aura city development.
The $5 billion masterplanned community is expected to unfold over the next 30 years and is expected to be home to a population of 50,000 residents.
The Kawana Health Campus is expected to be home to 5000 new full time jobs over the next five years with more expected in associated industries.
The iconic Mooloolaba Wharf has just been sold with the new owners proposing a $100 million refurbishment to bring precinct up to date.
Optimism about the region is backed up by the Queensland Property Council which revealed that office vacancy space had dropped by nearly 3% during 2015.
But caution has been sounded with 23,400sqm new office spacing coming online during 2016, although the QPC notes that the new space is likely to appeal larger businesses moving into the area or local businesses planning to upsize by taking advantage of 300-400sqm tenancies.
Buderim had the highest number of house sales during 2015 with 101 properties sold and the district is attracting developer interest, building developments targeted at retired professionals looking for a tree change experience