Regional Australia and premium property have been producing positive stories during Covid-19, and an update from the Chief Economist for REA Insights, Nerida Conisbee, shows that the list of the next $1 million and $2 million suburbs demonstrates that trend.
Northern NSW, Gold Coast and the Sunshine Coast regions continue to gain in popularity and remain at the top for strong property performers.
Two Sunshine Coast Suburbs have made their way into each list. Moffat Beach (pictured below) has a current median price of $945,000 with a 6.5 per cent quarterly growth. It has been named in the next top ten $1 million dollar suburbs.
While the number of suburbs listed in the $2 million dollar list is slightly less, Sunshine Beach is named as one of four up and coming, with a current median price of $1,950,000 and a quarterly growth of 4.3%. It’s all positive news for the Sunshine Coast region.
Picture: Sunshine Coast Daily