Sunshine Coast Property Growth
If you're familiar with some of my other blog posts then you'll know how much I love the Sunshine Coast and why I think it's such an evolving area with huge growth potential! When I say huge I should be more specific. The Sunshine Coast property market is certainly moving forward and it is becoming a highly desirable place for interstate buyers to move to.
Historically speaking the growth experienced here, as much of the rest of Queensland, has been slow and steady and at a rate which is more in line with wages and inflation than the major capital cities of Sydney and Melbourne. Due to the way the market grows organically, we don't experience the massive crashes experienced when sale prices are pushed to an unsustainable level.
If you're interested in cold, hard facts and not just opinions then have a read of the data below; (data sourced directly from rpdata.com.au)
I've chosen five popular suburbs spread throughout the Sunshine Coast; Noosa Heads, Mooloolaba, Nambour, Coolum Beach and Maroochydore.
In November of 2017 the median house price in Noosa Heads was $980,000 by November 2018 that price had grown to a median of $1,145,000, a percentage increase of 16.8%
In November of 2017 the median house price in Mooloolaba was $730,000 by November 2018 that price had grown to a median of $832,500, a percentage increase of 14%
In the following table we can see that since December 2017 to November 2018 the median house price increased by $132,500 which is particularly significant when compared to the rest of the Sunshine Coast which increased by only $25,000 in the same time frame.
In December of 2017 the median house price in Nambour was $379,500 by November 2018 that price had grown to a median of $400,000, a percentage increase of 5.4% for the 12 month period.
I would like to note that Nambour is a suburb which is favourable for anyone wanting to get in to the market - while it is still good value. It may not produce as strong returns with Airbnb as its coastal neighbours but it is certainly an area not to dismiss. It has experienced slow and steady growth over the last 10 years in comparison to the other suburbs shown here but is becoming increasingly popular, especially with families and first home owners.
In November of 2017 the median house price in Coolum Beach was $660,000 by November 2018 that price had grown to a median of $700,000, a percentage increase of 6%
In November of 2017 the median house price in Maroochydore was $595,000 by November 2018 that price had grown to a median of $650,000, a percentage increase of 9.2%
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