There has been quite a bit of press of late of a slowing market in some southern states which can often have a positive effect on our local market. As southern markets do clam down a little, buyers will quite often begin to look further a field in terms of investments and the Sunshine Coast has predominantly been a good prospect for these interstate buyers.
Given the additional infrastructure now well under way across the coast, and the fact that we are set for some of the largest changes to our property landscape in over 20 years. We have been welcoming many interstate investors, and it is worth noting however that these souther markets are coming off incredible double digit growth numbers of 16.7% last year for Sydney houses and 15.1% for Melbourne houses to more normal but quite steady growth of the 4.5% predicted for Sydney and 5.6% growth predicted for Melbourne in 2017 (according to an ABC news report).
With the cost of money still very affordable, the overall picture for the property market still looks very strong for 2017.