One of the most commonly asked questions we get as real estate agents is, how’s the market? To provide insight into the current Sunshine Coast housing market, the Real Estate Institute of Queensland (REIQ) has put together the latest Quarterly Market Monitor Report. The report ranks the Sunshine Coast as the state’s second-best performing housing market, with median house prices growing 6.4 per cent in 2017, to reach an annual median of $569,000. The Gold Coast claimed the gold medal, with 7.7 per cent growth.
The highest-selling suburbs, ranked by the annual sale volumes in 2017, were the following:
- Buderim (487 sales, $634,800) – Sunshine Coast LGA
- Tewantin (255 sales, $540,000) – Noosa Shire
- Pelican Waters (210 sales, $688,500) – Sunshine Coast LGA
- Caloundra West (205 sales, $470,000) – Sunshine Coast LGA
- Nambour (202 sales, $376,800) – Sunshine Coast LGA
Despite the general weak performance of the unit market throughout Queensland, the Sunshine Coast unit market performed well over the past year and the past five years. Its annual median price increased 3.9 per cent from $399,500 in December 2016 to $415,000 in December 2017. This compares with the December 2012 median price of $345,000.
If you would like an emailed copy of this full report, which covers Queensland as a whole, please contact marketing@amberwerchon.com.au with “QMM” in the subject field and we will email you a copy.
