Coast makes property hotspot list after years of 'stinking

Sunshine Coast Daily 18th April 2013 Anthony Brand.

A PROMINENT property expert, who believes the Sunshine Coast market has "stunk for years", has added it to his highly regarded Hotspotting List.

Real estate journalist, author and researcher Terry Ryder, who lives in the Coast Hinterland, said he believed the Coast market's time had come.

Mr Ryder outlined his optimistic outlook for the Coast and surrounding regions in his weekly column.

"I've been a long-time resident of the Coast region, but have never been able to include it in a top-10 hotspots list because, frankly, the market has stunk for years," he wrote.

"The local tourism economy was struggling, there was over-supply and affordability was poor.

"I've been watching the Coast market, awaiting the optimum time for investors to consider this location. I think that time has arrived."

Mr Ryder highlighted a strengthening tourism industry, a drop in property prices and an increase in FIFO mine workers moving to the Coast as the catalysts for a market revival.

Identifying future employment opportunities in the health and education sectors, Mr Ryder contributed expected growth to major infrastructure such as the university and private hospitals.

UDIA Sunshine Coast branch president Andrew Stevens echoed Mr Ryder's sentiments. He said he had seen the expected growth coming for more than a year.

"As well as the health hub, there's the Big Top redevelopment which will reinvigorate the CBD and the Sippy Downs super clinic which all add to the momentum we are experiencing," he said.