15 August 2013
A University of the Sunshine Coast property expert, who believes local market activity is picking up, will co-manage an annual industry information event at Maroochydore on Wednesday 21 August.
Steven Boyd, a lecturer who leads USC’s Property Economics and Development Program, will co-chair the Australian Property Institute’s ‘State of the Market – Sunshine Coast’ from 3.45pm to 6.30pm at the Maroochy RSL Events Centre in Memorial Avenue.
The event will feature presentations by local property experts from Savills, Herron Todd White, Colliers International, The National Property Research Co, and Property Only.
“It will be an interactive discussion involving the experts and the audience, including members of the public who have registered and USC students,” Mr Boyd said.
Audience members will be invited to have their say on the market during the presentations by using “response clickers” common in USC lecture theatres.
Mr Boyd said last year’s event concluded the Sunshine Coast property markets were in downturn, although three out of four industry respondents considered the residential market to be either at the end of the downturn or at the start of an upturn.
“Sustained appreciation in property values may be years away, especially for some commercial property sectors, and some sub-classes such as industrial land may take longer to reach pre-financial crisis asking prices,” he said.
“However, market activity – especially the number of residential purchases – should continue to increase in coming years. For more detailed forecasts, I will be looking to our industry experts and audience at Wednesday’s seminar.”
Mr Boyd is also Chair of the API’s Sunshine Coast Discussion Group, a Queensland Divisional Council member of the API and a member of the Property Council of Australia’s regional committee.
“Getting involved in these types of events helps keep USC at the forefront of activities in the market and strengthens our links with industry,” he said.
Mr Boyd said he expected about 90 people to attend to gain the latest information on the Coast’s retail, residential, industrial and commercial markets.
Talks will cover turnover trends, future opportunities, current conditions, investment performance and what the 2012 Census shows for the Coast.
— Julie Schomberg