Sunshine coast property market covid Queensland's Sunshine Coast region has surged in popularity in recent decades, particularly since Covid. The region experienced the largest decline (7. 63 million. COVID LIVE: 135: 53: 0: Last updated 10 hours ago: Cases 7d Av Jun 2, 2023 · Sunshine Coast property values for houses on the Sunshine Coast leapt from just under $1. Jun 3, 2023 · The number of homes sold on the Sunshine Coast fell by 29. Jan 18, 2023 · Sunshine Coast property prices continue to tumble but they are still well above pre-COVID levels. 01 ISSUE 04 SUMMER 20/21 Sunshine Coast Apartment. 96 per cent to $1,110,111. Disappointing as i was looking for an investment property and hoping for a price crash. infrastructure as well as the property market . In fiscal 2024, median home values at the Gold Coast’s Southport increased by 15. Feb 13, 2025 · Demand for housing – driven by population growth – continues to underpin property values, especially in sought-after lifestyle markets like the Sunshine Coast. The exodus to an affordable lifestyle has been the number one trend driving up the Coast market Mr Ryder says. 1mill in golden beach during the peak as I witnessed during auctions there. Sunshine Coast property market trends. While the very top end of the housing market may be strong but steady, there is more rapid growth in some parts of the prestige apartment market. Nov 2, 2020 · The Gold Coast and Sunshine Coast have also been full of properties being sold off market and sight unseen for record prices, and CBRE notes that the annual rates of growth were strong with the Gold Coast at 3. I’ve spoken to many families recently who are already planning ahead for their kids—wondering how future generations will ever afford a home. Published Nov 2, 2020 + Follow Sep 7, 2024 · Prestige apartment market remains exceptionally strong. 1. While nationwide property values usually double every 15. au, Mr Cayley said the Sunshine Coast was experiencing a “once-in-history” event which had been “super-charged” by the COVID pandemic. com. 4 per cent in the last year alone, to a Covid-19 may have turned the tourism industry into a downward spiral, but the property market in Queensland has had almost the opposite effect. We are now seeing the impact that COVID-19 has had on the market and it seems to have fast-tracked the growth of this region in population and prices. Rental market in high demand. 5 per cent during six months, from a peak of […] Dec 8, 2024 · Gold Coast property prices have outpaced every Australian capital city over the past five years. Renowned as the top region for residential The key message for property investors right now is that there are many growth markets across Australia. 5 per cent decline since the market peaked a few months ago, and a 2. He shares his observations on how the Sunshine Coast has matured over the past decade Nov 2, 2020 · Brisbane and Sunshine Coast Buyers Agent, PIPA REBAA REIQ Member, Helping 1st Homebuyers, Seachangers, Relocations, Investment Property Specialist. Across the broader Gold Coast unit market, minimum growth of 5-8% is anticipated in 2025. It is changing the region forever. However, it doesn’t always follow the same trajectory. The Sunshine Coast rental market remains strong, fueled by growing demand for both long-term and short-term rentals. FORECAST & INSIGHTS FOR THE SUNSHINE COAST PROPERTY MARKET In this edition of Apartment Sunshine Oct 25, 2021 · The demand for homes is being driven by interstate arrivals fatigued by long lockdowns and COVID restrictions was a slight downturn in the property market in early 2020 as concerns grew during Dec 9, 2020 · As previously reported by sunshinecoastnews. If ever there was a place name that best self-promoted its post-COVID lifestyle credentials, it would be hard to go past Sunshine Coast. It was flying under the radar of homebuyers and investors alike. Since COVID, property prices on the Coast have nearly doubled. However, despite the perceived effects, the REIQ said the Sunshine Coast capital — Brisbane — has reported a relatively stable vacancy rate of 2. Jun 7, 2023 · Sunshine Coast real estate market. 04 million) and was a significant leap in quarterly growth (up 2. Amidst the vast landscape of Australia's real estate market, the Sunshine Coast shines as a beacon of promise, beckoning business, new residents and investors to become part of its compelling story. Rental Market . Apr 29, 2024 · Cameron Kusher, PropTrack director of economic research, explained that Sunshine Coast property prices had experienced “superior price growth” relative to most areas across the nation. Many of the people coming to the Sunshine Coast don’t buy property, at least not immediately. within 7 years! Nov 10, 2021 · Daily Coronavirus (COVID-19) Cases in Sunshine Coast Local Government Area (LGA) in Queensland. on Queensland’s Sunshine Coast is significant . Jan 30, 2025 · The Sunshine Coast property market delivered another strong year in 2024, with CoreLogic’s Regional Market Update showing property prices rose by +7. Apr 23, 2024 · Sunshine Coast property prices have reached record levels again, with a dramatic rise since the onset of COVID-19. He said the property market was under pressure because more people were moving to the Sunshine Coast which had the highest internal net migration in The key message for property investors right now is that there are many growth markets across Australia. 042 million in March, according to real estate experts PropTrack. Nov 30, 2022 · Sunshine Coast property prices have continued to tumble after reaching dizzy heights earlier in the year. Units were up by 1. As almost everyone knows, the last couple of years on the Sunshine Coast has seen an unprecedented migration of city dwellers to a coastal lifestyle (thanks to COVID), creating unprecedented demand for Noosa and Sunshine Coast property. As for medians, the Sunshine Coast house prices were previously around $610,000, now $970,000 in February this year, according to Domain. Jul 30, 2020 · Where House Prices Fell the Most in Sunshine Coast During COVID-19 Jul 30, 2020 The COVID-19 pandemic has hit the Australian Property market hard. 8 million. That’s a slight increase from a month earlier ($1. The Covid plunge saw the number of properties listed on the Sunshine Coast go from a 2019 peak of some 10,000 to a low point of barely half that figure. For THE Sunshine Coast's property market is in a "state of flux" with extremely low stock levels, a new report has found. The Sunshine Coast housing market has seen supply gradually reducing since 2012, before bottoming out around 2018, according to SQM data. The latest data from real estate expert CoreLogic showed local house values declined by 11. With high rental yields, a tight rental market Oct 20, 2020 · On the Sunshine Coast, Daniel Mendes of Amber Werchon Properties said house prices had already roughly grown 10 per cent this year. If you’re thinking about buying, selling, or just want to know what your property is worth in today’s market, reach out to me and the team at Martinuzzi Property Group. For those trying to break into the market, the leap is massive. Feb 28, 2025 · “The future of the coast property market is certainly bright with more interstate migrants likely to head north once the pandemic passes. We say that with absolute confidence as we have successfully Oct 23, 2022 · Days on market however blew out to 92 at close of quarter as the region was not completely immune to the downturn, though a sign of strength in the region was the surety for those who own property in Sunshine Beach of a strong equity position given the significant increases to their property in the last two years. The Sunshine Coast is the “SURPRISE” #1 Property Market that no one saw coming… except for us, like, 10 years ago! Welcome to the 2022 Sunshine Coast Property Market Update! Welcome to our deep insight into the number one property market in which to invest in Australia. Each region, with its unique blend of coastal beauty, growth potential, and local appeal, is undergoing distinct shifts as Australia faces an evolving economic landscape. 37 million. Coast . For property prices to fall? The vast majority of Australia’s household wealth is tied to property, so if property prices go down significantly, our economy will tank and, funnily enough (sarcasm), even more people won’t be able to afford houses - even the ones that’d already purchased one - because they’ll have no jobs! Apr 7, 2025 · General Unit Growth Outlook and Sunshine Coast Property Market forecast 2025 . 8% for house dwellings. and dramatic. The city has around $17. The Sunshine Coast market often lags behind Sydney and Melbourne during periods of rapid price growth or decline. But while the annual data seems to paint a dire image, it is not Jan 8, 2025 · The 2025 property assessments, which reflect market value as of July 1, 2024, were recently announced for property owners of more than 1,120,000 properties across the Lower Mainland. Having a valuation on your property could be the perfect solution to finding out what your property is worth so you can make an informed decision on selling. Sep 18, 2020 · “Like many in the property market at the moment, the penthouse buyers had long been considering a move to the Sunshine Coast and COVID-19 was the catalyst to make it happen,” Mr Reed said. Dec 29, 2020 · Mal Cayley says the Coast is experiencing a once-in-history property event. This increase lifted the median property price to $1,055,104, making the Sunshine Coast Australia’s fourth most expensive property market and placing it above Brisbane. The latest insight from property experts CoreLogic show house prices in the region experienced a 4. Apr 14, 2025 · McGrath Estate Agents has expanded its Sunshine Coast presence, opening a new office in Coolum Beach, led by experienced Principals Chris Pace and Damien Michael. 4 million in March 2020 to a February 2022 peak of $1. But COVID’s significant upheaval brought the region into the limelight. Mr Mendes said the return of expats and upsizers, along with Melbourne and Brisbane relocators, were driving multiple offer scenarios and frequent cash sales. 7 billion of the economy- making it one of the largest economies in Australia. "We do see periods where Well most thought that Covid would crush property prices and while they did down south of the border all it did on the coast was stall listings of properties short term and now prices on the coast are higher then ever. Sunshine . 9 per cent in the past 12 months, and by 28 per cent on the Gold Coast. Whether it’s the luxury retreats of Byron Bay or the robust Aug 9, 2024 · For decades, the New South Wales Central Coast region was in a property market holding pattern. The combination of restricted supply, higher construction costs, and strong migration trends from both younger people and retirees will continue to drive demand. There’s a tendency in mainstream media to extrapolate the situations in Sydney and Melbourne to the whole nation. 25 years. . Most regions across Queensland experienced robust growth in both quarterly and annual median house prices, reflecting the ongoing strength of the state's property market. It’s a great place to LIVE, VISIT and INVEST. Even before the ravages of the pandemic struck the nation, the region 100km north of Brisbane was enjoying the highest interstate migration rates in the country. And nowhere is this more evident than Noosa, where population growth continues to drive demand and the uncertainty of 2020 seems long forgotten. Oct 6, 2022 · The Gold Coast property market had been surging amid a migration increase, but is now on the downturn. The quarterly figures to December showed unit values were down […] Last month I attended a Proptrack presentation by Cameron Kusher about the State of the Sunshine Coast property market and where it is heading in 2023. 7 per […] Only two regions had a February 2025 median dwelling value over the one-million-dollar mark: Sunshine Coast and Gold Coast/Tweed Heads. 8 per cent, to a median of $972,891, since their peak of about $1,104,000 in April. 1 per cent, followed by the Gold Coast, where prices dropped by 6. 4 years, on the Sunshine Coast it took only 8. Statistics reveal city-to-region movement still sits 11. In North Queensland, Townsville is the key area to watch, thanks to its relative affordability, laidback tropical lifestyle and access to health and education facilities. A once in a generation property market in south east Queensland is fuelling a shift in the way commercial investors and tenants think about property. 2 per cent fall from July to […] In good news for residents and investors, the Sunshine Coast property market forecast for 2025 (and beyond) is looking bright! With a booming population, low vacancy rates, significant infrastructure upgrades in the works and growing median house prices, it’s no wonder that there is so much interest in the real estate Sunshine Coast property market in 2025. The total assessments for the Lower Mainland region, which includes the Sunshine Coast, have generally remained flat from about $2 trillion in 2024 to $2. 7% above the pre-COVID average. 1 per cent) in regional Queensland and the third largest in regional Australia, from August to October. Regions. ($1,012,544) outpaced Melbourne ($778,899) and the Sunshine Coast ($1,055,104) pipped the Gold The Palaszczuk government’s mandatory COVID-19 restrictions went live from 20 March 2020, with knock-on effects to the state’s property market. 2 per cent respectively. This strategic move capitalizes on the area's strong lifestyle appeal and growth, evidenced by CoreLogic data showing a 7. Nov 15, 2022 · Sunshine Coast house prices record the biggest fall in regional Queensland, down 7. Sellers on the Sunshine Coast could also cash in, with the region likely to be the nation’s second best-performing property market with growth between 12-16 per cent. (ABC Gold Coast: Dominic Cansdale)The Gold Coast recorded the second largest falls, coming Sellers on the Sunshine Coast could also cash in, with the region likely to be the nation’s second best-performing property market with growth between 12-16 per cent. ” Propertyology director Simon Pressley said the increased popularity of regions such as the Sunshine Coast was related to COVID-19. THE Sunshine Coast's property market is in a "state of flux" with extremely low stock levels, a new report has found. Dec 21, 2023 · While this trend of ‘fleeing the cities’ was a feature of the COVID pandemic, it doesn’t look like it will be ending anytime soon. Nov 8, 2023 · Property prices in almost every part in Queensland are now higher than ever, overtaking COVID-era peaks Analysts say a combination of affordable regions and fewer homes on the market is driving up Jul 30, 2020 · Sunshine Coast Property Market During This Pandemic Sunshine Coast is one of the most developed regions in the country which is best known for its strong economic growth, high-end infrastructure facilities, and employment generation. Despite the continuing COVID-19 pandemic, the Sunshine Coast property market outperformed most others in 2020. 0% over the past 12 months, so that the median value now stands at $1. Sunshine Beach apartment values rose 12. A key factor in the rising prices for the property for sale on the Sunshine Coast and neighbouring hinterland is the limited availability of homes coupled with a growing population moving into the area. 8 per cent. I’ve seen prices drop considerably from COVID highs, a house went for 860k a week ago that would have went for 1-1. It effectively sent the nation’s economy into a standstill, pushing real estate market further down- except some particular regions. The short-term rental market, particularly on platforms like Airbnb, is thriving due to the region’s popularity as a lifestyle destination. Aug 4, 2024 · Christine engages in a rich discussion with property expert Brett Higgins from Ray White, Mooloolaba & Kawana. 44 per cent for the last quarter. Now, a raft of drivers across the political and economic spectrum will deliver exciting times to the Central Coast – and those who own property will be among The Sunshine Coast is both idyllic and magnetic. Between Golden Beach to Buddina and suburbs within 2-3k from the coast. Sep 30, 2024 · The real estate markets of the Gold Coast, Byron Bay, and Sunshine Coast have long been top contenders for property investors and lifestyle seekers alike. Sunshine Coast Property Market Update - how Covid-19 has influenced our property market May 30, 2024 · When it comes to interstate migration, Ms Charles-Edwards said we can expect the continuing domination of our capital cities, including places once considered regional centres like the Gold Coast and Sunshine Coast. The Propertyology report forecast growth in every major Queensland region, including Cairns (7-11%), Mackay (12-16%), FraserCoast (5-8%), Toowoomba (9-13%), Bundaberg (6-9% Here’s a closer look at the key factors driving the Sunshine Coast market and what lies ahead in 2025. Dec 7, 2022 · As a result, property prices in Noosa have skyrocketed, with houses in Noosa Heads rising an astonishing 152 per cent over the last five years, and 41. Average house values also fell by 9. OCT 2020 – Sep 2, 2022 · Property values have dived dramatically on the Sunshine Coast and beyond, bringing an apparent end to a two-year boom. 4 per cent. Jul 12, 2023 · Sunshine Coast property values for houses on the Sunshine Coast leapt from just under $1. 2% price increase in the 12 months leading up to November 2024, with a median house price of $1. “We are really excited for what the next two to three years will look like for the Sunshine Coast,” he says. Brisbane, Gold Coast, Sunshine Coast and Noosa remain our state’s million-dollar median markets with our capital city and beaches arguably the jewels in the crown of Queensland. The region’s median house price reached $1. 58 per cent to $895,461, and at the Sunshine Coast’s Buderim by 15. 1 per cent and the Sunshine Coast at 3. Brett delves into the heightened awareness of the Sunshine Coast in both Australia and the Asian Pacific, propelled by the development of the international airport and high-speed underwater cable. 7 per and 1. Mar 23, 2022 · Historically low interest rates caused property prices to surge New million-dollar markets were created in areas like the Sunshine Coast, Gold Coast and Illawarra The ratio of housing-debt-to Dec 5, 2024 · 5. Both regions already had a relatively high median coming into the pandemic, however demand for commutable lifestyle properties has seen value across these regions surge and remain high. Feb 27, 2024 · SQM Research, Weekly Asking Property Prices, Region: Sunshine Coast, February 2024. qnbl ler bsuuo pgqn ovvhu lxvlctyg cocluz ihtma pxf gifcav