In the fast-paced world of real estate, some suburbs stand out from the rest for their aura of desirability and stability.
The post pandemic property boom on the Sunshine Coast has shone a spotlight on these tightly-held neighbourhoods, where turnover rates are low and residents are reluctant to leave.
A recent news report quoting figures from CoreLogic highlights a number of beachfront communities in and around Caloundra as the stars of this real estate phenomenon.
The havens of Currimundi, Moffat Beach, Battery Hill, Dicky Beach and Wurtulla are the locations where owners are less likely to budge, speaking volumes not only for their scenic beauty and desirable lifestyle, but their resilience in the face of varying market conditions.
Battery Hill steals the show with properties held for a median period of 13.6 years, followed by Moffat Beach (12.1 years), Currimundi (10.4 years), Wurtulla (9.7 years) and Dicky Beach (9 years).
According to Sunshine Coast News, the suburbs where the average annual turnover rates were lowest were Moffat Beach (4.5%) plus Currimundi, Dicky Beach, Wurtulla and areas of Kawana at just under 5%.
The data also reveals a correlation between the most tightly held enclaves and higher property valuations with communities such as Battery Hill and Moffat Beach, for example, boasting median houses prices of over $1 million.
So, what are the factors that lead people to certain areas and keep them there? In the case of the southern Sunshine Coast, its primarily the unapparelled beachside lifestyle and proximity to desirable amenities such as schools, parks, cafes, shopping centres, public transport and health services.
These locations enjoy prime coastal locations, strong community spirit and quality housing stock leading to a steady appreciation in property values due to their enduring appeal and limited supply.
While certain suburbs have been identified here, the bottom line is the entire southern Sunshine Coast continues to grow in reputation as one of the most sought-after regions in Queensland to live, work and play.
If you are considering listing your property or are in the market for a new home, look no further than Henzells, the region’s longest-serving, full-service agency.
Here are just two of the offerings currently available in the real estate hot spots of Battery Hill and Wurtulla.
30 Matilda Crescent, BATTERY HILL
9 Bilyara Court, WURTULLA