The Sunshine Coast is thriving and we continue to experience strong population growth – a trend that we’ve enjoyed for over a decade.
In 2018, our numbers grew by 2.5% to almost 320,000. This strong growth is predicted to continue; projected population by 2027 is 400,000 and we are expected to have half a million residents by 2040.
In the past five years we have seen an estimated 7,500 new residents come to call the Sunshine Coast home. This is set to increase to more than 9,000 people a year between 2019 to 2023. Yes, people do come to visit and decide to stay!
Proof of this growth is everywhere. New homes, commercial construction, and infrastructure are booming. With the growth has come new businesses and positive economic growth. Our regional economy expanded over 5% in the 2017/18 financial year, driven up by our growing population and increased participation in the workforce.
Our economic platform is growing in diversity – tourism, health and lifestyle, education, and construction are strong industry leaders. Growth in infrastructure has further consolidated our economy – the Sunshine Coast University Hospital, the Sunshine Coast Airport, the International Broadband Submarine Cable, and more.
Our housing market is as diverse as our residents. Retirees, young families, and migrants from interstate who love the lifestyle all make up the mix. The number of new building approvals is up year on year. In the 2016-17 financial year there was a total of 4,547 building approvals – that’s a lot of new homes!
What is obvious is that the growth is sustained. It’s not a trend and it’s not going away. People often come to the Coast for a change in lifestyle and statistics show the majority of them stay for a long time. The love of lifestyle is strongly reflected in the houses we build. It’s about outdoors, comfort, convenience, and a place to settle back and relax. Welcome to life Sunshine Coast style!