SURGE IN RURAL SUNSHINE COAST

The Sunshine Coast is known for it’s beautiful beaches and laid back lifestyle with people traditionally flocking to buy in suburbs such as Noosa, Mooloolaba, Kawana and Caloundra. But latest research from the property portal Realestate.com.au has revealed a surge in demand among buyers for bigger homes on larger parcels of land in the South East Queensland pocket.

Local suburbs such as Witta, Yandina and Tanawha have seen a greater spike in interest since the COVID-19 pandemic with buyers heading inland to secure their little piece of paradise.

Witta alone has witnessed a huge 295% increase in the number of people looking for homes for sale there in the past six months, and Yandina is fast becoming a hot spot for those wanting to live out of the hustle and bustle, particularly in the rental market.

Rental demand in Yandina is on the rise having hit 35% for 4-bedroom homes with the average weekly rent at $580 per week. This is an increase of nearly 5% of rent payable compared to 12 months ago. Source: Realestate.com.au

Located just a short 20-minute drive in-land from Maroochydore, Yandina offers space for not only homeowners and renters but business owners as well with several large franchises opening in the area.

A recent news article by the Sunshine Coast Daily spoke to one such business owner, Denis Moore, who moved his entire furniture empire to the more rural suburb boasting that it is an incredible place to live and work while still managing to be a part of the high-density parts of the Sunshine Coast.

With working from home becoming a more popular employment option, rural areas are also attracting the work force into the larger more secluded homes. Yandina is currently registering a 67.7% employment rate for renters based on the applications received in the last 12 months and an average income between 40k-80k per annum.

This data shows great stability in the rental market with 75.7% of renters advising that they are not looking to purchase and wish to remain in rental housing. Source: Realestate.com.au

So how can you capitalise on the sudden interest in these rural areas?

If you are a current homeowner with a home on a bigger parcel of land and have been contemplating selling your home, now is the time to talk to one of our knowledgeable sales agents who can give you a no obligation market analysis on entering the property market. CLICK HERE TO REQUEST A SALES APPRAISAL TODAY.

If you are an investor in the local rural suburbs or looking for a new location to invest in you can chat with our helpful Business Development Team today about the benefits of investing in the growing rural market. CLICK HERE TO REQUEST A RENTAL APPRAISAL OF YOUR HOME TODAY.