To provide insight into the current Sunshine Coast housing market, each quarter the Real Estate Institute of Queensland (REIQ) puts together the latest Quarterly Market Monitor Report. The REIQ Quarterly Marketing Monitor (QMM) for June 2019 has revealed that once again the Sunshine Coast is one of the top performers for the state.
The report details sales across the region from the last quarter, and compares them to the same period from one year ago, and five years ago.
There has been little to no change across the market in the last quarter, however 5 year change has shown an increase.
Houses across the Sunshine Coast have remained steady with a median price of $585,000 which is just over 30 per cent than this time 5 years ago. While units across the Sunshine Coast have had a rise of over 21 per cent in the last 5 years to $415,000.
With softer markets recorded across the board, the Sunshine Coast housing market still remains as one of the state’s strongest performers. The softer market this quarter meant median house price didn’t really move across the region. However, the annual median house price rose slightly – 1.7 per cent, and the median unit price saw a slight drop of 2.1 per cent in the quarter.
The big news on the Sunshine Coast continues to be the creation of the new Maroochydore City Central. Which now has four commercial buildings either approved or under construction. With the key objective being to generate growth, the next 20 years will see 15,000 jobs created in the city centre, areas connected to facilities, services and transport networks.
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.