It’s official – our very own Sunshine Coast is now one of Australia’s hottest property markets where even a humble beach shack a few streets from the dunes could cost you millions.
Following a record year of growth, home prices across the once laidback beach town reached record heights over the September quarter, the latest Domain House Price Report revealed, with house medians in Sunshine Beach soaring by 47.6 per cent to an astonishing $2.665 million in just 12 months.
The prestigious pocket is now the nation’s eighth-best performer for annual price growth, the report showed.
Sunshine Coast beachside suburb Minyama ranked sixth for national annual growth after house prices exploded by 54.4 per cent to $1.66 million.
Fuelled by insatiable buyer demand from cashed-up southern buyers, the aggressive growth shot 11 suburbs into the million-dollar-median-house-price club – which now has a membership of 15. And more are tipped to join.
“There was still a 5.4 per cent increase in house prices (over the September quarter across the Sunshine Coast) and we’ve seen four consecutive quarters now above five per cent growth,” Domain chief of research and economics Nicola Powell said.
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