Queens­land’s top per­form­ing prop­erty mar­ket

Fu­ture bright in par­adise by the sea as Coast mar­ket hits its stride

Sold On Sunshine Coast - - Market Review -

RAIN­FOR­EST-clad moun­tains flow­ing down to crys­tal clear blue rivers, bor­dered by white sand beaches and the ever-chang­ing Pa­cific Ocean, the Sun­shine Coast of­fers a nat­u­ral lo­ca­tion like no other.

In one cor­ner a fast run­ning wa­ter­fall swishes into a round, cool swim­ming hole.

In an­other a board­walk runs through bush­land where the gums have grown as tall as build­ings and as round as cars.

Man­groves play hidey-hole for mud crabs and mul­let run in their win­ter schools as waves curl for the surfers in the ever-warm sea.

Dot­ted across the land­scape are dozens of her­itage hin­ter­land vil­lages, three cities by the sea, quiet beach­side towns and leafy hill-top sub­urbs.

And it’s not just a pretty place, as REIQ chair Am­ber Wer­chon says the fu­ture looks bright for those choos­ing to in­vest in the Coast.

“I com­menced my real es­tate ca­reer in 2000, on the cusp of the new mil­len­nium, and over these past 17 years have wit­nessed some sig­nif­i­cant changes to the prop­erty land­scape across the re­gion, as well as changes in the mar­ket cy­cles,” Ms Wer­chon said.

“I have been for­tu­nate to have worked through some very buoy­ant years dur­ing this time, with the Global Fi­nan­cial Cri­sis be­ing the most chal­leng­ing pe­riod; but all in all, the health of the Sun­shine Coast prop­erty mar­ket has been glow­ing.”

“With the mas­sive pub­lic and pri­vate in­fras­truc­ture in­vest­ment be­ing un­der­taken across the re­gion, the Sun­shine Coast is cur­rently boom­ing; and last year was Queens­land’s best per­form­ing mar­ket.

“There is a lot of con­fi­dence in this re­gion, which is driv­ing huge lev­els of in­vest­ment; this is then cre­at­ing em­ploy­ment op­por­tu­ni­ties, which in turn cre­ates in­creased de­mand for hous­ing. If you look at the pipe­line for the next decade, and even be­yond; the Sun­shine Coast should con­tinue to per­form strongly.

“It’s an ex­cit­ing time to live and in­vest here.”

Per­haps one of the best in­di­ca­tors of the health of the mar­ket is re­cent sale of 1 Kate St, Alexan­dra Head­land.

The iconic three bed­room, three bath­room home played wit­ness to a 140 peo­ple auc­tion in July with the price mov­ing quickly from $2 mil­lion to a record $3 mil­lion.

Like so many on the Coast the buy­ers have made the short mi­gra­tion north from Bris­bane and are look­ing for­ward to set­tling into their own par­adise by the sea.

Auc­tion re­cently achieved a record sale price for 1 Kate St, Alexan­dra Head­land.

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