Sun Shines on Coast Property Market

The reason most of us choose to live on the beautiful Sunshine Coast is because of the world-class lifestyle on offer.

It’s far removed from the hustle and bustle of city living, and that’s just how we like it.

Our beautiful geographic location which has been the playground of holidaymakers for generations holds us in good stead for future positive growth prospects, particularly with the added advantage of increasing infrastructure investment and jobs.  

Despite some media reports to the contrary, the reality here on the Sunshine Coast is that market sentiment is high and for good reason.

Our local council has a clear plan to deliver greater prosperity for residents and jobs that will be in demand in the future, which is positive news for the property sector. The recent federal election result has added further certainty to the market and the banks are showing confident signs with finance approvals on the rise. 

The latest REIQ figures paint a positive picture for the Coast market, reinforcing what we have been experiencing at Henzells for some time.

The peak real estate body’s recent Queensland Market Monitor report showed that the Sunshine State was defying a nation-wide trough, with property remaining affordable and demonstrating signs of sustainable growth compared with the southern capitals.

Described as “steady”, the Sunshine Coast Local Government Area has delivered the second highest annual growth rate in the state, at 3.5 percent. The annual median house price on the Coast is $585,000, nearly 30% higher than was being achieved five years ago.

Consistency has always been a feature of the Caloundra property market. Its friendly relationship with Brisbane buyers just an hour down the highway gives it a unique advantage over its northern Sunshine Coast neighbours, while regional centres such as the Darling Downs are also long-established supporters.

The southern Sunshine Coast has a sense of its own mini economy fuelled by historic support from city and rural sea-changers on top of its undeniable local popularity. 

Quality properties are being snapped up as soon as they hit the market and agents are reporting a huge influx of new buyers capitalising on the excellent market conditions to make the change they have always dreamt of.

No matter what your property needs, Henzells Agency can help. We have the local knowledge, a highly experienced, well trained and friendly team plus a consistent approach to doing business which has seen us become the leading force in the Caloundra area for nearly 85 years.