Buy­ers rush for Sun­shine Coast slice of par­adise

De­mand for prop­erty has sky­rock­eted, as re­cent fig­ures re­veal more buy­ers are on the look­out for homes in the area

Sold On Sunshine Coast - - Market Review -

DE­MAND for prop­erty on the Sun­shine Coast has sky­rock­eted, with new fig­ures re­veal­ing sub­stan­tially more po­ten­tial buy­ers are search­ing for prop­erty in the area.

Noosa was the star per­former ac­cord­ing to the lat­est reale­tate.com.au Prop­erty Out­look.

It re­vealed views of list­ings of prop­er­ties in Noosa had jumped by 24.2 per cent in the past quar­ter com­pared to the same time last year.

Within the Sun­shine Coast lo­cal gov­ern­ment area de­mand for prop­erty was up by 6.5 per cent.

REA Group chief economist Ner­ida Con­is­bee said many re­gional ar­eas had ex­pe­ri­enced a lack of in­ter­est in their prop­erty mar­kets and price drops in re­cent years, but that had now started to turn around.

The Sun­shine Coast in par­tic­u­lar has en­joyed a strong resur­gence of in­ter­est of late with val­ues and trans­ac­tion lev­els ris­ing and a larger num­ber of life­style buy­ers fo­cused on the area. The re­gion’s tourism econ­omy was also ben­e­fit­ing from strong in­ter­est in Queens­land beach ar­eas from cashed-up Chi­nese tourists.

There was also a re­newed in­ter­est in the Sun­shine Coast prop­erty mar­ket from Bris­bane and in­ter­state buy­ers.

Ms Con­is­bee said re­gional Queens­land was on the way up gen­er­ally, with the fig­ures re­veal­ing a big­ger lift in prospec­tive buy­ers and renters in the Noosa and Sun­shine Coast re­gion than Bris­bane.

Bris­bane ex­pe­ri­enced an in­crease of just 5.9 per cent dur­ing the same pe­riod.

The re­port found there were five ma­jor re­gional towns or cen­tres where de­mand had in­creased by 30 per cent or more com­pared with the same time last year.

Glad­stone had the big­gest surge in de­mand of 39.1 per cent, fol­lowed by the Fraser Coast, 33.8 per cent, Gympie 32.2 per cent, Mackay 31.1 per cent, and then Bund­aberg 30 per cent.

PHOTO: CON­TRIB­UTED

MAROOCHY CBD streetscap­ing.

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