Significant trends that affect the Sunshine Coast home buying market

Significant trends that affect the Sunshine Coast home buying market

An uncertain economy and improvement in information technology has had a powerful influence on the modern home construction industry. Overall, consumers are better educated and so quite meticulous when it comes to purchasing a new property or updating their current one. Competitive home builders have responded by upgrading their services in a few significant areas.

More compact living for millennials and seniors

Another big development on the housing landscape is the one about micro residence units. Made with ingenious precision to make use of each and every possible inch of living space, these have grown to be especially preferred among millennials and middle-agers.

The attraction to millennials seems consistent with a broad cultural change towards a way of life that is certainly much less centered on material possessions. For seniors, these homes offer an uncomplicated strategy to downsize as part of their retirement strategy.

In addition to complete micro properties, there has also been an increase in the acceptance of micro rooms. As an example, micro laundries are fitted with ventless dryers and compact washing units that work perfectly in very small properties.

Eco-friendly construction components deliver value for money

One of the more sought-after options in new home construction is the use of eco-friendly techniques. These endeavour to produce environmentally friendly growth at local and federal levels. One major method in which contractors are working towards this is by making use of green construction materials. Before, environmentally friendly construction materials were only designed for conserving energy. Today, they are also about using non-toxic, renewable construction products which are made from either re-cycled or plant-based material.

New homes cost less overall and are a better investment

A second major trend is the growing reality that a new home can be a better investment than a used one. Based on nationwide statistics, it’s estimated that in the first year of owning a home, over fifty percent of all new homeowners will likely need to contend with unexpected project expenses.

In the initial year of ownership, most used house buyers tend to target renovations which will boost the exterior appeal of their home. For these types of improvements, professionals can be hired who can charge nearly twice as much as the original building contractors (though by using vastly superior materials). Other common (and unanticipated) expenses in the 1st year can arise from the need for a brand new veranda, landscaping costs or privacy fencing.

A buyer’s market in Pelican Bay

Located within a quick flight from Brisbane, Pelican Waters in Pelican Bay is regarded as the Sunshine Coast’s premier waterfront lifestyle choice. Exceptional ocean access and amazing water views are merely the start. The surrounding services in Pelican Bay include things like top end schools, world-class store shopping and an entertainment scene among the most radiant in Australia.

As this short article shows, new home buyers have lots of options, and so they can afford to be very demanding. In Pelican Bay, a lot of Lower Mainland residents are generally cashing out and moving to the Gold Coast for retirement. Other frequent buyers in Pelican Bay are millennial professionals trying to live a far more balanced lifestyle an in area with increasing financial options. Many are attracted by the kinds of modern day building trends talked about in this post. However, the thing that makes Pelican Bay extraordinary is the community built around the properties. The house is just one part of the holistic equation – the roads, services and leisure time areas are equally important.