Sunshine Coast: Australia’s Premier Destination for Investors Amidst Record Migration and Infrastructure Boom

The Sunshine Coast has emerged as Australia’s most coveted region for movers, experiencing a remarkable surge in net internal migration, according to the latest Regional Movers Index (RMI) released by the Commonwealth Bank. Data from the December 2023 quarter revealed that the Sunshine Coast now commands an impressive 17.5% share of all net internal migration, up from 12.5% just a year prior. This surge has propelled the region ahead of other attractive destinations like the Gold Coast, which holds an 8.1% share. The demand for property in this region far exceeds the supply, presenting a lucrative opportunity for investors to capitalise on the housing market while simultaneously addressing the housing crisis.

The predictions made by the Commonwealth Bank regarding the demand for the Sunshine Coast region have been validated, with the supply of property failing to keep pace with the growing number of people moving to the area. Consequently, investors have a significant opportunity to build wealth while contributing to solutions for the housing crisis.

Moreover, the outlook for investment on the Sunshine Coast is further brightened by the Queensland Government’s commitment to the traffic-busting Sunshine Coast Rail Project. With an investment of $2.75 billion, the first stage of the project aims to reduce travel time from Caloundra to Brisbane by at least 45 minutes, making it a more attractive option than commuting by car. This initial stage encompasses a 19km dual track from Beerwah to Caloundra, the longest spur line in the south-east passenger network. Additionally, the proposed 37.8km rail extension from Beerwah to Maroochydore promises to increase public transport opportunities and improve connectivity to Moreton Bay, Brisbane, and beyond.

The rail project is expected to accelerate the delivery of affordable and diverse housing options, including supply for 50,000 people at Caloundra South (Aura) and up to 100,000 people at Beerwah East. It will unlock thousands of homes in the rapidly growing Sunshine Coast region and alleviate congestion on the local road network. Premier Steven Miles emphasised the importance of this rail connection for facilitating new housing developments, highlighting its essential role in managing congestion and fostering sustainable growth in the region.

Overall, the convergence of record net internal migration, limited property supply, favourable investment conditions, and significant infrastructure developments like the Sunshine Coast Rail Project make investing in the Sunshine Coast an enticing opportunity for investors looking to capitalise on the region’s growth potential.