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Sunshine Coast suburbs named Au...

Sunshine Coast suburbs named Australia's property-buying hotspots

Suburbs of the Sunshine Coast feature prominently on a new list of Australia's house-buying hotspots.

The latest edition of the Hotspotting National Top 10 Best Buys List reveals that the Sunshine Coast is an increasingly popular area with property buyers, largely thanks to steady growth in house prices throughout the region.

Alexandra Headland was named as the suburb with the best long-term growth rate in property prices, which came in at seven per cent over the last 12 months.

Overall, the Noosaville suburb achieved the greatest price growth last year of 18 per cent, closely followed by homes in the Eumundi area (17 per cent), those based in Marcoola (16 per cent) and Buddina (15 per cent).

Meanwhile, average property prices increased by 14 per cent in the Moffat Beach area, by 12 per cent in Parrearra, Woombye, Warana and Maroochydore and by ten per cent in the Peregian Beach suburb.

Caboolture, Morayfield, Deception Bay and Burpengary were also named as popular spots for property investors at present, thanks in part to their largely affordable house prices, which come in between $200,000 and $250,000 on average.

The new report explained some of the other factors - besides tourism - that are boosting the Sunshine Coast's popularity with property investors, stating: "The Sunshine Coast economy is diversifying and strengthening. Ongoing efforts are being made by the Regional Council to diversify the economy, with an emphasis on knowledge-based businesses, such as information technology, clean-tech, creative industries, aviation and education.

"The creation of major health facilities and the ongoing expansion of the university are also important."

In addition, several suburbs in the Moreton Bay area featured highly on the list due to their growing popularity with property buyers, while Redcliffe Peninsula, Townsville, Newcastle, Armidale, the Belconnen District, Cardinia Shire, Hobart and the City of Geelong were also named as current house-buying hotspots.

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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