Sunshine Coast Growth to drive Supply & Demand

June 2023 -

According to the most recent data, the projected population growth for the Sunshine Coast Council (excluding Noosa Shire) suggests that by 2046, the region will accommodate nearly 200,000 additional residents. To put this into perspective, it can be likened to the scenario of five families, each comprising four individuals, relocating to the area every single day for a span of more than 23 years.

Now, some of these will be retirees and a percentage will be looking for employment, however, there will be many looking to acquire a quality business. Unfortunately, this creates a problem as the demand for quality businesses has already outstripped the supply on offer, and whilst the population growth will also bring many start-ups and new businesses, many buyers will only invest in long established, proven businesses.

Many our Buyers are anti risk and have an appetite for blue chip businesses that will give them flexibility, freedom and substantial profits and they are prepared to pay for this privilege. Most of these buyers have been successful in business previously, many have done the hard yards and are not prepared to risk what they have worked so hard for.

As per most industries, when the demand is high and the supply is low, competition is increased, and in this case the business owners are the winners. Unless things change dramatically the astute investors purchasing now should still capitalise on this scenario in the years to come…if you are lucky enough to secure something!

Many retiring business owners will be shocked to learn of this, so if you know any…do them a favour and tell them to call the Savvy Team for an obligation free appraisal.