One of the most common questions Real Estate Agents get asked 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 REIQ Quarterly Marketing Monitor (QMM) for June 2020 has revealed that the Sunshine Coast has been one of the State’s strongest performers over the past few years.
The highest-selling suburbs, ranked by the annual sale volumes were the following:
- Buderim (500 sales, $665,000) – Sunshine Coast LGA
- Mountain Creek (216 sales, $600,000) – Sunshine Coast LGA
- Tewantin (193 sales, $593,500,000) – Noosa LGA
- Maroochydore (191 sales, $642,500) – Sunshine Coast LGA
- Nambour (183 sales, $376,800) – Sunshine Coast LGA
- Peregian Springs (183 sales, $655,000) – Sunshine Coast LGA
Sunshine Coast property prices held their ground during the state lockdown, with stronger conditions forecast as soon as interstate travel resumes. The median house price for the Sunshine Coast has increased +0.9% to $610,000. The unit market is also reporting a positive increase of +1% to $427,000.
The Coast’s major infrastructure program, including the high-speed internet ability of the new Maroochydore City Centre, as well as the Sunshine Coast’s long-held desirability for interstate residents are all positives for our region in the years to come.
If you’d like a copy of the most recent QMM, or you’re thinking of buying, selling or renting, take advantage of our expertise to achieve your property goals and contact us today.
Image: Sunshine Coast Daily