Sunshine Coast Market Review 2023

Key Points:

· The Sunshine Coast economy is performing strongly off the back of population growth and a significant bounce in tourist arrivals.

· The residential market has cooled slightly with prices falling moderately over the past 12 months. Although construction of new dwellings has also slowed, which might stabilise the market.

· The office market remains one of the tightest in country, with a relatively subdued supply pipeline to come.

·   The retail market is being impacted by cost of living pressures, however, tourist spending is offsetting some of the decline.

·  The industrial market has seen strong rental and land price growth, given the tightening land availability.