A recent article published by realestate.com.au predicts the Sunshine Coast will be the next boom market with property prices set to “skyrocket” on the back of infrastructure spending, industry growth, jobs and lifestyle. A recent report carried out by Hotspotting created a list of the top 50 suburbs nationally set to deliver strong price growth in the near future and housing at Coolum Beach, Golden Beach and Noosaville made the list.
Property prices here on the sunshine Coast have remained solid over the past 5 years. 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 seen rising demand from Southern buyers within the Sunshine Coast real estate market. An example of this is a recent auction in Maroochydore where a Brisbane couple purchased a property as an investment, with plans to move into the property when they retire in 10-15 years. They said “if we don’t get into the market now, then when they look at retiring we may have missed the boat and prices will be out of reach,” as they see Maroochydore and the Coast only increasing in value.
Top Sunshine Coast house price growth suburbs
Suburb – Median Sale Price – Rise in Median Price (%)
BUDDINA – $750,000 – 18.9%
FOREST GLEN – $642,500 – 16.8%
MERIDAN PLAINS – $525,000 – 14.2%
NOOSA HEADS – $895,000 – 13.7%
WARANA – $650,000 – 12.9%
MOFFAT BEACH – $747,500 – 12.8%
MOOLOOLAH VALLEY – $510,000 – 12.7%
MARCOOLA – $585,000 – 12.5%
COOLUM BEACH – $625,000 – 12.2%
GOLDEN BEACH – $570,000 – 12.2%
COORAN – $397,000 – 11.8%
BATTERY HILL – $520,000 – 11.5%
DOONAN – $785,000 – 10.6%
SUNSHINE BEACH – $1,160,000 – 10.0%
*Only suburbs with 30 or more sales in the period. All data is to 12 months to July 2017.
If you are thinking about buying a property on the Sunshine Coast, now is the time to do it. View the complete list of properties open for inspection this Saturday here
