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Queensland has the highest interstate migration rates in Australia. It currently has solid population growth, few rental vacancies, and a big spend on government infrastructure. This means house prices are rising but are a solid investment. And as more people come to visit and never leave, Sunshine Coast doesn’t look like growth will slow any time soon.

If you’re moving to the Sunshine Coast, do you buy, or rent? Prices in Queensland are steady with no signs of slowing. With big projects underway like the University Hospital, Caloundra South mega-city construction and a larger airport on the way, it’s going to remain a sellers market for a while yet. In 2018, average house prices increased from AU$599,000 to $618,700.

The rental market was also high, with yields increasing and vacancy rates below 2.5%, and as low as 1% in some regions.

This means that renting and buying are both going to present challenges to enter the market, but it’s not impossible.

Suburbs to watch out for

Apart from the slightly amusing suburb of Bald Knob, there are some excellent places to live. Just be prepared for a slight touch of déjà vu at Earnest Lane in Sippy Downs—all 21 homes are completely identical. Just be careful you go to the right house once you’ve had a couple of wines.

Locals here know how many minutes it takes to get to the Sunshine Plaza in Maroochydore. This is a good yardstick in terms of knowing how far a suburb is from the centre of the area.

Coolum Beach is a great location for families, with a primary school and a secondary school. It has a boardwalk, cafes, and great beaches for surfing. The average house price in 2018 was AU$675,500. It has a low vacancy rate, so it may be hard to find a good rental property, although the average cost per week is only $500, lower than other areas.

Caloundra has beaches, shopping and a local housing development is driving prices up. There are educational facilities as well as sport and art centres. There’s a great public transport system here. Average price is AU$555,000 with rent prices rising with low rates of vacancy at 1.7%. Average rental per week is $450.

Mountain Creek is found between Buderim and Mooloolah River. It’s 3km to great beaches, and surrounded by bike tracks, parks, and lovely residential areas. There are a range of schools, a university, and a TAFE in a 10km radius. The median house price is AU$638,500 and rentals have a rate of vacancy at 1.8% and an average price per week of $520.

Noosa is arguably the most famous of all Sunshine Coast towns and suburbs. The prices reflect this, with an average buy price of AU$1.1m in 2018. Median rent is $650 a week, which is partly due to the tourist market in the area. It’s an area populated by the elderly, with more than half the population aging or mature. There are good schools in the area though.

Buderim is in the midst of Sunshine Coast and has gorgeous views. It’s lush and green, with great schools and close access to a number of lifestyle activities like bike paths and mountain tracks. The median price of a home is AU$665,000 and rental vacancy rates are 2.4%, higher than some other areas. The average rent is $540 per week.

Mooloolaba is often the first place people fall in love with on the Sunshine Coast. As such, the median house price in 2018 was AU$848,000 and the rental market pretty solid. The median rent per week is $570.

orange sunrise clouds mooloolaba

Renting in the Sunshine Coast

Because the area is so competitive, there are a few steps you need to take before entering the market. You will need to make sure you have all the paperwork needed before you apply for a house so you can submit your application straight away.

To apply for a rental, you’ll need to supply:

  • Three months of bank statements
  • Previous landlord’s details and a written reference
  • Proof the bond for your previous rental was repaid in full
  • 100 points worth of ID documentation

You’ll likely have to pay bond, which is generally two to four weeks of rent. It is lodged with the RTA (Residential Tenancies Authority) of Queensland. For full information about renting in Australia, including renters rights, subletting information and how to connect utilities, head over to our renting in Australia guide.

Buying property on the Sunshine Coast

The process to buy property in Australia is very similar to NZ. Kiwis have the ability to buy property in the Sunshine Coast without FIRB approval, so there’s no extra paperwork or drama. You can search online to find a home, attend an open home, and most houses are sold at auction. Queensland state laws are slightly different to other states, most differences are outlined on the QLD government site.

There are things you need to consider before buying, and implications for KiwiSaver, taxes and Stamp Duty. It’s recommended you hire a local lawyer and accountant to help with the process if you are unfamiliar with all the local regulations.

Also consider hiring a buyer advocate. This person is a local who understands the market. They will work for you, not the seller, so they only have your best interests at heart. They generally cost about 1.5% of your budget but will likely save you many more times that in buy prices, local fees for professionals, and will considerably help to ease stress.

Your new home in the Sunshine Coast awaits

Start the process today to move to The Lucky Country. Beaches, an amazing lifestyle, and 300 days of sunshine a year await you. And if you do want to live at Bald Knob, the median house price is $724,000 and is has vey low turnover of homes due to its high population of retirees. Bald indeed.

Our Fixed Price Guarantee:

Our Fixed Price Guarantee:

Unlike many other movers, we will provide you with a fixed quote based on your specific list of items.

Should you wish to add or remove any items, we will adjust our fixed quote accordingly. Hence, no nasty surprises at the end of the move process.

Our Service Promise:

Our Service Promise:

  • We will listen to your individual needs and requirements.
  • We will provide a prompt, competitive quote with in one working day.
  • We will provide you with the highest level of service.
Free In-Home Consultation:

Free In-Home Consultation:

If you are moving the majority of your household items from New Zealand to Australia, one of Ausmoves experienced relocation consultants will visit your home to establish your specific packing requirements and any unique moving needs. Learn more about moving to Australia from NZ.

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