Real Estate in Sunshine Coast, Australia
Last updated on Apr 09, 2024
Summary: People living in Sunshine Coast, Australia offer advice about real estate. How do you find a home in Sunshine Coast? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Sunshine Coast?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Sunshine Coast involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room in a shared house to a fully detached home. Next, you should research the different areas of Sunshine Coast to find a neighborhood that suits your lifestyle and needs. Some areas may be closer to the beach, while others may be closer to the city center or have better access to public transportation. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals and properties for sale in Sunshine Coast, such as realestate.com.au, Domain, and Gumtree. You can filter your search based on your preferences, such as the number of bedrooms, price range, and location. It's also a good idea to set up alerts so you can be notified when new properties that match your criteria become available. If you're planning to buy a property, you may want to engage a real estate agent who can guide you through the process and help you negotiate the best price. If you're looking for a rental, you'll need to submit an application to the property manager or landlord. This usually involves providing references, proof of income, and sometimes a credit check. Finally, before signing any lease or purchase agreement, make sure to inspect the property in person. This will give you a chance to check for any potential issues and to get a feel for the neighborhood. Remember, finding the right place to live can take time, so it's important to be patient and not rush the process," said one person in Sunshine Coast.
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What is a typical expat home or apartment like in Sunshine Coast?
"A typical expat home or apartment in Sunshine Coast, is often located near the beach, offering stunning ocean views. These homes are usually modern and spacious, with open-plan living areas that seamlessly blend indoor and outdoor spaces. They often feature large windows and glass doors to maximize natural light and the beautiful surrounding views. The homes are typically equipped with all the modern amenities, including a fully equipped kitchen, air conditioning, and high-speed internet. Many apartments and homes also have outdoor spaces like balconies or patios, perfect for barbecuing or simply enjoying the warm, sunny weather. Some may even have a private pool or access to a community pool. The bedrooms are usually large and comfortable, often with built-in wardrobes. The homes are typically located in safe, friendly neighborhoods, often within walking distance to local shops, restaurants, and parks. Some may be part of larger residential complexes that offer additional amenities like fitness centers, playgrounds, and secure parking. In terms of interior design, many homes feature a contemporary style that blends comfort with elegance. Natural materials like wood and stone are often used, along with a color palette inspired by the coastal setting. Despite being modern and luxurious, these homes often have a laid-back, beachy vibe that reflects the relaxed lifestyle of the Sunshine Coast. They are designed to make the most of the region's natural beauty, with plenty of spaces for relaxation and entertainment," said one person in Sunshine Coast.
What is the average cost of housing in Sunshine Coast?
If you are thinking about moving to Sunshine Coast, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Sunshine Coast can vary greatly depending on the specific area and type of housing. As of 2021, the median house price in Sunshine Coast is around AUD 780,000. For apartments or units, the median price is slightly lower, around AUD 500,000. However, prices can be much higher in more desirable areas or for larger, more luxurious properties. It's also worth noting that housing prices have been on the rise in recent years due to increased demand," said one person in Sunshine Coast.
Should I buy or rent a home in Sunshine Coast?
If you have not spent a lot of time in Sunshine Coast, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Sunshine Coast, largely depends on your personal circumstances, financial situation, and long-term plans. If you're planning to stay in the area for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide you with a sense of stability and permanence. On the other hand, renting might be a better option if you're not sure about your long-term plans or if you prefer not to have the responsibilities of home maintenance and repairs. Renting can offer more flexibility, as it's generally easier to move from a rental than to sell a home. It also doesn't require a large upfront investment like a down payment. Financially, you'll need to consider the costs associated with both options. Buying a home involves costs like the down payment, mortgage payments, property taxes, insurance, and maintenance. Renting, on the other hand, typically involves costs like monthly rent, utilities, and possibly renter's insurance. It's also worth considering the real estate market in Sunshine Coast. If it's a seller's market, with high demand and low supply, home prices may be high, making renting a more affordable option. Conversely, in a buyer's market, with more supply than demand, it could be a good time to buy. In conclusion, the decision to buy or rent a home in Sunshine Coast, Australia, should be based on your personal and financial circumstances, as well as the current state of the real estate market. It's a decision that requires careful consideration and, ideally, advice from a financial advisor or real estate professional," remarked one member in Sunshine Coast.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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