The southern Sunshine Coast property market continues to ride a wave of confidence with Henzells experiencing very strong demand across all aspects of the business.
A recent article in the Urban Developer (click here to view the article) points to a digital "zoom boom" resulting in people keeping their city jobs though living in regional areas. It has drawn an influx of sea changers to the Sunshine State, resulting in excellent resilience for regional and satellite property markets such as Caloundra.
Brisbane and other capital city buyers who had planned to one day settle on the Sunshine Coast are bringing their decisions forward as the phenomena of working remotely has become firmly entrenched due to COVID-19. This, coupled with the region’s traditional drawcards such as excellent lifestyle, education and infrastructure, is fuelling above-average demand.
The article also quotes CBRE research showing a median house price increase of 3.8% to $622,500 in the year to June 2020, outdoing both Brisbane (1.3%) and the Gold Coast (3.1%). Over the past three years the Sunshine Coast population’s growth rate has been at 2.7% per annum, with 60% of new residents coming from other parts of Queensland and approximately 30% from NSW and Victoria.
Throughout spring, Henzells have continued to average approximately one sale per day across our commercial and residential businesses, testament to the resilience of the Caloundra property market, confidence in the region’s economic future and world class amenities.
Reality is that the current climate represents an excellent window of opportunity if you are considering selling your home. Prices are strong because stock is low and buyers are acting fast to secure the sought after Sunshine Coast lifestyle sooner rather than later.
If you are thinking of selling or just want some advice or a friendly chat, we’re ready to help. Give us a call today on 07 5491 2000.
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.