Are you considering buying an investment property? It’s one of the best ways to make passive income. One of the best regions in Queensland to buy one is the Sunshine Coast. It’s a part urban, part rural area that’s rapidly growing, with population steadily rising.
So, what specific suburbs are the best to buy an investment property in? Vacancy rates are low across most of the region, but there are golden nuggets to be found. Below, we’ve listed the 5 best communities on the Sunshine Coast to invest in.
Enjoy!
1. Caloundra
Caloundra is a coastal town that’s close to white sandy beaches, fantastic shopping centres, and great community facilities. It’s one of the main spots on the Sunshine Coast expected to blow up over the next few decades.
The town has great public transportation, high-quality primary schools and high schools, making it ideal for families. A hub for tourism, Caloundra has several tourist attractions that make it a holiday destination.
If you’re looking for an investment property that’ll return on investment, Caloundra is a great community to look at. However, the relaxed coastal town is rapidly growing, so you need to act fast before it’s too late.
2. Buderim
Buderim is a bustling urban centre that’s right in the middle of the Sunshine Coast, elevated on the top of a 180-metre mountain. From it, you can see the coastal beaches of Mooloolaba, and Maroochydore further north.
Local schools make it an ideal spot for families, and there’s lots of vegetation, making it environmentally friendly. Not to mention because of its elevated position nature trails for hiking, running, and biking exist. It’s currently growing rapidly, so you need to get in fast.
This is a community you need to keep an eye on for a potential investment property. Land for sale Buderim Sunshine Coast is a little bit rural, a little bit urban; its rainforest aesthetic makes it a scenic spot.
3. Coolum Beach
Coolum Beach is a beachside town that is a hotspot for investors because it’s a popular tourist and holiday destination. The beach, which is patrolled by lifesavers from Coolum Beach Surf Life Saving Club, provides some of the best waves to surf.
There are plenty of parks in Coolum Beach, a boardwalk, and many shops. New retail developments are always being built, as well as apartments. The town is projected to have a rapidly growing population, so you must get in before it’s too late.
There’s also a quality primary school and high school, so it’s a suitable spot for families. In the distance, you can see Mount Coolum. Mooloolaba and Maroochydore are only a short drive to the south, while Noosa is to the north.
4. Mountain Creek
Mountain Creek is a specific suburb within Buderim that’s an ideal location for a Sunshine Coast investment property. Named for the creek that runs through it, Mountain Creek features scenic parks and adventurous bike paths. There’s also plenty of local shops.
Families will be looking to move into the neighbourhood, as there are several schools in the location. Not only are there primary schools and high schools, but also a TAFE, as well as a university within close driving distance.
Like the other communities in this article, Mountain Creek is expected to grow. If you’re thinking about purchasing an investment property on the Sunshine Coast, this would be an ideal location. Don’t take too long though, the opportunities won’t be there forever.