Why Our Property Prices Continue to Climb
Whilst Summer may be drawing to a close, there is still plenty of heat in the local property market with Henzells maintaining record levels of enquiry across our sales, rentals and holiday divisions.
A combination of low stock, low interest rates, an encouraging regional economic outlook and strong interstate migration as a result of the pandemic has put housing demand arguably of its highest level since Henzells first opened its doors in 1935.
With experts tipping Queensland property prices to increase as much as 19% over the next two years, the appeal of the southern Sunshine Coast as a place of comfort and safety in both the physical and financial senses looks set to remain.
Despite the well documented flow of interstate buyers into Queensland, at Henzells the bulk of our buyers have been local with 88% relocating from elsewhere in the Sunshine State, and 55% coming from our own region.
The onset of COVID has resulted in a sharp increase in cash purchases, even amongst the high end properties. This trend is setting a new precedent for property prices as buyers follow their hearts rather that the traditionally conservative valuations required by the big lenders.
It’s another reason we are seeing record prices achieved across nearly all suburbs with Currimundi, Kings Beach and Little Mountain being the most recent examples.
If you are considering selling, now is the perfect time! Give our team a call today on 07 5491 2000.