Strong Consumer Outlook Driving Coast Housing Growth

A strong consumer outlook fuelled by sustained low interest rates and excellent prospects is sending positive waves through the southern Sunshine Coast property market.

A major national survey by Westpac has shown that consumer confidence rose 4.3 percent between January and February while less than 43% of Australians believe interest rates will rise over the next year, the lowest reading since mid-2016.

This all adds to the positive sentiment already being experienced in Caloundra, recently recognised as one of the most popular suburbs in Queensland for new housing developments.

News reports this week reflected what we’ve known for some time at Henzells, that demand for newly built properties was outstripping supply as more interstate families decided to move north.

Our excellent beaches, relaxed lifestyle and value buying in all price ranges means that in most cases properties are selling as quickly as we can list them at Henzells Agency and we are always on the lookout for new listings.

Major infrastructure spending in the region is also having a positive impact, with the Sunshine Coast continuing to grow its reputation as one of Australia’s major job hubs.

Projects including the Kawana Health Precinct which will create 5,000 full time jobs by 2021 and numerous others in flow-on businesses are already producing encouraging results.

Hundreds of new families have started arriving in the area to take advantage of the jobs boom created by construction and the ongoing provision of services, further driving up demand for residential homes and rental properties.

At Henzells, we are being inundated with potential buyers and our experienced and friendly sales team are full of energy and committed to getting the best outcomes for every customer.

Now is the time to act.