I would like to take this opportunity to say a big thank you to all our clients for helping to make 2017 another amazing year at Amber Werchon Property. Without your ongoing support none of our achievements would be possible.
Property prices on the sunshine Coast have remained solid over 2017 and we anticipate this to continue into 2018. Home buyers, encouraged by the lifestyle factor and low interest rates, have entered the Sunshine Coast market looking to reap the rewards for many years’ time, as a growing population will mean growing demand for a slice of our beautiful Sunshine Coast lifestyle. We have found this year a lot of interstate investors and owner occupiers looking to relocate to the Sunshine Coast.
The Sunshine Coast market is particularly attractive because it’s being supported by significant infrastructure spending. We have found a lot of buyers are looking to be close to the water, location is the key.
There are a number of growth suburbs including: Buddina (18.9%), Forest Glen (16.8%), Meridan Planes (14.2%) 12 months to June 2017. Looking at figures over the past 5 years Alexandra Headland experienced the most growth, with a huge 80.3% median change.
One of our most significant sales this year was the auction of an iconic Alexandra Headland property owned by a prominent Sunshine Coast family that drew a crowd of 150 spectators. With 5 registered bidders, 4 of them active, the auction quickly went from $2m to $2.85m before closing at $3 million, setting a suburb record.
The most popular sale price for houses throughout the Sunshine Coast sat between $500,000 and $750,000.
Noosa has become the second-most expensive house and land market (after Brisbane LGA) and the most expensive unit market in Queensland. The annual median house and unit prices were $645,000 and $479,000 in the 12 months to June 2017.
The Sunshine Coast offers so much variety and caters to the needs of so many. Whether you are looking for a waterfront property on one the doorstep of one of our pristine beaches, or acreage in the hinterland, all this can be found on the Sunshine Coast.
We are seeing many properties sell before they are even advertised, people know what they want and are ready to act as soon as a property becomes available that suits their needs, this shows confidence and lack of demand in some areas. I believe this is going to be even more apparent as we enter the new year as demand will be high.
Over the past four and a half years, the Sunshine Coast rental market has outperformed the rest of Queensland, with vacancy rates below 2.5 per cent. The lack of rental listings in the region contributes to these low vacancies. Traditionally the rental market is very strong over December through to February. We predict that the summer rental market will again be strong with people relocating from interstate ready to start their new jobs in the new year.
