MELBOURNE, Australia – Image Property agents share the sharp boost in the number of residents who inquired, coming from Melbourne and Sydney. These residents want a chance to relocate on the coast after the Coronavirus lockdown is over. There was an increase in the number of residents inquiring about a house on the Sunshine Coast. Other residents prefer to move to the coast instead because it provides better deals. Plus, the location is a win because it’s on the beach.
The recent information from Image Property displays that transferring to the Sunshine Coast is becoming popular nowadays in Australia due to the COVID-19 pandemic.
Image Property agents shared a report on the shrill boost on the number of residents who make buyer inquiries. These residents came from Melbourne and Sydney, and they want to live on the coast once the restrictions of the COVID-19 pandemic ease.
As per the information from Image Property, it resulted that queries increased by 20%. Compared to the report last year, there’s a big jump in Sunshine Coast properties, and buyers from Melbourne and Sydney have interests.
The recent figures of the Australian Bureau of Statistics reveal these migration outlines. Queensland sees the most significant net interstate migration, which has 22,800 residents. This figure was only in 12 months, and it leads to June 2019.
These figures might be dissimilar for this year, provided that there are restrictions due to the COVID-19. However, the statistics still show a result of the number of residents transferring to the Sunshine State, and it’s on standard instances.
In the past 10 years, up to June 2019, Queensland had the most significant yearly interstate relocation numbers subsidizing its populace development. Queensland had about 12,409 new residents yearly since the previous decades, and it’s on average.
When it comes to cost, if residents compare the average house costs, Sunshine Coast is everything. Residents will find it cheaper if they buy a three-bedroom house in Brisbane than buying in Sydney. Also, a three-bedroom home located in Noosa Heads is costly than houses in Caloundra.
Residents are exploring likely repayments for three bedrooms in Sunshine Coast if they consider alone home methods for payment. Others find it worth discovering because they want to buy their dream houses along the coast.
According to Rate City, the research displays that the monthly mortgage payments are costly in Noosa Heads and Sunshine Beach. On the other hand, mortgage payments in Maroochydore and Mooloolaba, Caloundra, are relatively reasonable.
The previous CoreLogic reports displaying the average house cost is presently at $866,110, and these are in Sydney. The mortgage payment per month, depending on it on the stated fee for the house cost, is $3,069.
On the other hand, an average house in Sydney suburb, such as Randwick, with three bedrooms, cost $2.35 million. It might have a mortgage payment of $8,327 monthly.
Aussies can apply for a home loan from many lenders, coming from any territory around Australia. However, some offer inexpensive rates for the residents in Queensland.