Sunshine Coast investment suburbs: New data reveals top 10 hot spots

New property data has revealed the top 10 Sunshine Coast and Noosa suburbs where investors will get bang for their buck, including several areas known for its battlers.

Traditionally hardworking Sunshine Coast and Noosa suburbs have been revealed as go-to areas for savvy investors, new property data has revealed.

Property buyer network BuyersBuyers has revealed the top 10 areas in the region where opportunities for investment have emerged, with peak suburbs listed as choices for investors with a budget range from $700,000 to $1.2m.

At the top lies Tewantin with a median asking price of $1.149m, which has risen by 33.7 per cent in the last 12 months.

Its median advertised rent over the past year is $660 a week, with an estimated 3.7 per cent gross rental return for investors.

Scion Realty co-founder Reuben Smit said aspiring renters were still flocking to the area, which acted as a doorstep to areas such as Noosaville and Noosa Heads.

Mr Smit said due to the extreme levels of supply and demand, investors would be receiving returns of $700-$800 from rentals of regular homes in Tewantin.

“It’s pretty wild,” he said.

Scion Realty’s Reuben Smit.

“The suburb has certainly changed, it’s become more of an affordability issue the way interest rates have gone.

“Investors are wanting bang for their buck. Everyone wants that return.”

Higher density areas including Maroochydore, Sippy Downs and Mountain Creek flooded the list however blue-collar suburbs such as Beerwah and Currimundi were picked as prime investment opportunities.

Palmwoods was named at number 10 in BuyersBuyers’ list, producing capital growth of 88.1 per cent in the past five years, with properties lasting only two weeks on the market.

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Real estate agent Leigh Martinuzzi. Picture: Facebook

The median rent advertised in Palmwoods over the past 12 months was $614, showing a 4.2 per cent estimated yearly rental return, with 240 properties in the pipeline over the next two years.

Palmwoods real estate agent Leigh Martinuzzi said investors were holding off at the moment due to interest rate uncertainty, but those who joined the market prior to the pandemic were prospering.

“The return is definitely better,” Mr Martinuzzi said.

“Palmwoods is a fairly good hot spot, especially with the rail line through to Brisbane and our position from the coast line.”

Mr Martinuzzi said several development applications for units and shops in the past 12 months would create more allure for prospective buyers and investors to the hinterland area.