Sunshine Beach Market Update
Sunshine beach is one of the most sought-after areas on the coast, and what a year it is looking likely to be in our property market. The last 12 months have seen significant growth in the area. The median house price in the last 12 months is now at $1.2 million which is a 10.1 per cent growth over the last 12 months. Strong growth is supported by the median unit price which comes in at $632,000 reaching a strong 5.8 per cent growth this year.
The desire to own property in the Noosa Shire has only accelerated, and domestic and international property buyers are turning to the area for sound investments and quality lifestyle. When looking back only a few years to 2012 the median house price was $720,000 and the median unit price was $515,000. If trends are anything to go by then the next quarter is looking strong for both markets.
Auction is the way to go in this market, with one auctioneer spruiking a 75 per cent clearance rate last weekend on the Sunshine Coast. We had 3 auctions at R&W and sold all three, with one auction having 16 registered bidders fighting it out. There is urgency in our market right across the board at all levels and that is certainly exciting to see. Auctions are traditionally good indicators of the health of the current real estate market. The thermometer is now starting to rise as our market is again heating up. Both buyers and sellers have that air of optimism about them again.
As a courtesy we always offer our Sunshine Beach owners a free appraisal of their property, to let them know the new value in this market. If you would like to utilise this service please give me a call or send me an email. Likewise, if you are looking to buy, I am more than happy to assist with your property purchase and pass on all the local knowledge that I can.
From all our sales team, we wish you a prosperity and good health for 2018.