The beginning of a new year can be an exciting time, offering the opportunities to put your plans into action and make a fresh start. But what will 2022 bring?
We don’t have a crystal ball, however our vast experience in local real estate through all market cycles, points to a year of optimism for the southern Sunshine Coast.
The remarkable growth experienced in 2021, up to 30% in some suburbs, shows no sign of easing in the months ahead. Massive infrastructure projects such as the Bruce Highway upgrade, Sunshine Coast Airport expansion, and major residential and commercial developments in Aura, which will house around 50,000 people on completion, are providing a huge incentive for investors and residents to be involved with one of Australia’s fastest growing destinations.
With the borders opening, we are already seeing strong rates of interstate migration by couples and families craving the beachside lifestyle and the stability afforded by infrastructure spending and jobs creation.
In the lead-up to Christmas, the Henzells Agency website was inundated by Melbourne buyers, in particular, up 25% on previous months.
Benefits will also flow from the Olympics coming to south-east Queensland in 2032 – an event likely to transform Brisbane into a global city. The Sunshine Coast will play an integral role in the Games as the base of four key venues and several sporting events, showcasing our beautiful home to the world.
An independent economic assessment has indicated that the Games will deliver a total benefit of $8.1 billion for Queensland, and $17.61 billion for Australia. The report also found that the Olympics would create 91,600 full time equivalent jobs for the State.
With growth comes challenges, and renters are likely to be faced with more volatility through 2022. In this period of unprecedented demand, Henzells is committed and compassionate about helping the record numbers of people looking for homes and apartments to rent.
Landlords and tenants will also be navigating through the new RTA legislation coming into effect, making the services and advice of a trusted property management team more important than ever.
Whatever your property goals, we hope 2022 is a rewarding and happy year for you and your family.