More jobs bolster Sunshine Coast growth

Further to last week’s article that spoke of the rising house prices across the country, but particularly on the Sunshine Coast with its severely undersupplied market continuing to push prices up, we now have new data that further supports our predictions of growth in this region. 

Jobs Queensland’s Anticipating Future Skills Series Four report was recently released which has resulted in the prediction of an additional 207,000 workers needed throughout Queensland between 2021-22 and 2025-26.

While the increase in job vacancies is 7.6 per cent across the state, it’s 7.8 in Brisbane and just 2.2% on the Gold Coast, but the Sunshine Coast is showing a whopping 12.5 per cent increase in jobs, second only to Wide Bay for the greatest change. 

When we compare these two high growth regions, the statistical catchment area of Wide Bay is 24 times the size of the Sunshine Coast, and there is a difference in replacing some lost jobs in Wide Bay compared to new jobs in emerging industries so the impact will be felt much more intensely on the Sunshine Coast.

The Jobs Queensland report attributes the economic growth of the Sunshine Coast to both the influx of interstate migrants as well as the industrial composition of seven industries projected to experience double digit growth by 2025-26.

You may recall that we highlighted the 7 key industrial growth drivers of the Sunshine Coast in our Sunshine Coast Property Market Report, and also predicted strong economic and population growth in excess of prior government forecasts. 

Data over the last 12 months supports our predictions and now so does this new research by Jobs Queensland.

With a healthy and growing economy attracting more people to the Sunshine Coast, the demand for property will continue to outpace supply and therefore property prices and rents will continue to rise. 

With the highest infrastructure investment per capita in the country and not one, but four unprecedented game changing projects all underway and only still in their infancy, we’re sticking to our guns – the Sunshine Coast possesses all the factors to outperform other regions over the next decade and beyond for property investment returns. 

The time to act is now. 

Talk with our team now about how you can leverage these exceptional opportunities to build your own wealth through property.