Many Sunshine Coast suburbs that had been overlooked previously are smashing out one-million-dollar property deals.
Neighbourhoods from Aroona, to Coolum to Woombye have “popped the cap” with their first million-dollar sales, sparking a trend in which values are anticipated to go even higher.
The new seven-figure locations include Aroona, Battery Hill, Beerwah, Glass House Mountains, Palmwoods, Woombye, Coolum Beach, Mountain Creek, Nambour, Sippy Downs, Little Mountain, Caloundra West, Meridan Plains and the cheaper streets of Currimundi, Golden Beach and Mudjimba.
Property analyst Mal Cayley has predicted the average house price on the Coast will be more than a million dollars in 2024, out-pricing both Brisbane and the Gold Coast, and he’s put that down to “the largest undersupply of property for a city this size in history”.
Agents say eager buyers have just woken up to the true worth of previously “affordable” suburbs that were still close enough to the beach to have ocean views and access to the water in a few minutes.
In the past, for example, Aroona was overlooked in favour of its richer neighbours like Moffat and Dicky beaches but is now sought for its proximity to the sand and panoramas of the sea in some hilltop locations.
Quaint hinterland towns with larger blocks, leafy streets and a relaxed village feel are also experiencing their first million-dollar records on non-acreage lots.