We would like to take this opportunity to say a big thank you to all our clients for helping to make 2018 yet another amazing year for Amber Werchon Property. Without your ongoing support none of our achievements would be possible!
Property prices on the Sunshine Coast have remained solid over 2018. Home buyers, encouraged by the lifestyle factor and low interest rates, have entered the Sunshine Coast market looking to reap the rewards for many years’ time, as a growing population will mean growing demand for a slice of our beautiful Sunshine Coast lifestyle.
Recent years have shown that location is the key! The Sunshine Coast market is particularly attractive because it’s being supported by significant infrastructure spending.
A number of suburbs across the Sunshine Coast LGA reported double-digit growth for houses. These suburbs are Minyama (59.8), Coes Creek (13.9), Mooloolaba (13.6), Wurtulla (12.5) and Woombye (12.3). Looking at figures over the past 5 years Minyama experienced the most growth, with a huge 63% median change.
The most popular sale price for houses throughout the Sunshine Coast sat between $400,000 and $660,000.
Noosa has become the most expensive house and land market ($40,000 higher than Brisbane LGA) and remains the most expensive unit market in Queensland. The annual median house and unit prices for Noosa were $715,000 and $550,000 in the 12 months to September 2018. When looking at figures from the last 5 years, Sunshine Beach has seen a huge median change of 92.4%.
The Sunshine Coast offers so much variety and caters to the needs of so many. Whether you are looking for a waterfront property on one the doorstep of one of our pristine beaches, or acreage in the hinterland, all this can be found on the Sunshine Coast.
We are seeing many properties sell before they are even advertised, people know what they want and are ready to act as soon as a property becomes available that suits their needs. This shows confidence and lack of demand in some areas.
The Sunshine Coast rental market has outperformed the rest of Queensland, with vacancy rates below 2.5 per cent. While the rental market remains tight, the Sunshine Coast absorbed a further 860 (net) new listings over the past 12 months. Anecdotal evidence from property managers revealed that investors are more motivated to dispose of the property investment.