There’s a Pommy invasion on the Sunshine Coast, so you may want to blame that pasty neighbour of yours next time the local Coles is sold out of your favourite earl grey and cookies!
The 2011 Census data was released just two weeks ago, giving statisticians and property commentators, alike, hours of excitement. Every 4 years these statistics provide an updated snapshot of the Australian demographic, isolating local market insights.
The latest registered population figures were boosted by those crossing the tasman and high-seas to chase the perfect location to settle for a sea change.
The highest representation of foreigners residing on the Sunshine Coast are from the United Kingdom with 6.6% of our total population. They are followed closely by our neighbours in New Zealand with a 4.9% share of the community.
The total population for the Sunshine Coast is currently sitting at just over 300,000, rising from 275,000 in 2006; The largest household demographic being couples without children. This group represents a whopping 45% of all occupied property on the Coast.
The fundamental heart of the Sunshine Coast is the friendly and relaxed, coastal atmosphere which is undoubtedly the golden egg luring so many single and/or de-facto foreigners.
This is often in search of greater work opportunities in Australia, even if this involves being based in one area, like the Sunshine Coast, and travelling intermittently for work.
In comparison to this, 38.5% of potential local buyers come from a family demographic with 1 or more children. This is directly related to the number of buyers requiring properties of 3 or more bedrooms.
Interestingly enough, there are over 34,000 investment properties on the Sunshine Coast, representing over 29% of all property.
Due to the strength of the overseas and domestic migration to the Sunshine Coast region, demand for rental property is at an all time high. The option of renting before purchase provides an opportunity to road test our enviable lifestyle before the commitment of property purchase.
Census Data results can be found at: http://www.abs.gov.au/websitedbs/censushome.nsf/home/Data