Confidence has returned to the southern Sunshine Coast property market with Henzells recording one of its hottest starts to winter in recent years.
We negotiated 22 sales and attracted 34 new listings for May with prices ranging from $1.58 million for an ocean-side home in Buddina to $225,000 for a commercial unit in Bells Creek.
The triangle formed by Buddina to the north, Pelican Waters to the south and Caloundra West was strengthening its reputation as a property hot spot, where the average sale price was in the high $700,000s to low $800,000s for the past month.
The strong results are a culmination of multiple factors, with historically low interest rates, increasing accessibility to credit and a sense of political stability post-election all having a positive effect.
It was clear that leading up to the federal election people were sitting on their hands, not willing to plan their next move.
However now that we have entered a phase of political stability, we have quality homes flooding onto the market and they’re getting snapped up quickly.
We have also noticed the banks are more confident than they have been in previous months and finance approvals are up.
If people you have been looking to buy and have felt there hasn’t been much on the market for them, now is the time to act as there is excellent stock about.
Our balance of listings and sales augurs very well for continued strong activity throughout the winter period and beyond.
Founded in 1935, Henzells Agency is today an independent real estate corporation and one of the most respected companies on the Sunshine Coast. Roy Henzell Senior first established Henzells Agency.