At Amber Werchon Property, we know that the Sunshine Coast isn’t just a beautiful place to live – it’s an ideal market to invest in. The Sunshine Coast property scene is holding strong through October 2024, with homes selling quickly and rental demand at an all-time high. In today’s blog, we’re taking a closer look at the latest market trends and what they mean for buyers and sellers.
Sunshine Coast Market Resilience and Rising Demand
The Sunshine Coast’s property market continues to display resilience, with steady demand across all housing categories, especially in popular suburbs like Noosa, Buderim, and Caloundra. Median home prices sit at around $950,000, showcasing a modest yet steady growth trajectory despite broader economic challenges. Factors such as increased migration to the region and a strong demand for coastal and lifestyle properties are driving this upward trend.
For Sellers:
Given the steady market conditions, it remains an opportune time to list property on the Sunshine Coast. Our team has a comprehensive understanding of how to market and position homes for maximum appeal, using data-backed strategies and deep local insight. This, paired with our commitment to listening and connecting with each client, ensures that we meet the goals of buyers and sellers alike.
For Buyers:
While prices have increased slightly, purchasing a home here offers incredible long-term value. With well-connected communities and top schools, the area appeals to growing families and retirees alike. And for those considering downsizing, our agency excels at finding homes that suit a lifestyle shift without sacrificing quality or convenience.
Sunshine Coast’s Low Rental Vacancy Rates
The region’s rental vacancy rate is close to 1%, indicating an ongoing supply-demand imbalance that’s pushing rental prices up and creating fierce competition for available properties. This can be challenging for renters but also highlights an opportunity for investors who can capitalise on the high rental returns. However, our agency is focused exclusively on sales, so we’re particularly skilled at helping investors choose properties that offer the potential for both rental income and capital growth.
Why the Sunshine Coast?
We love sharing our passion for this area. The Sunshine Coast offers an enviable lifestyle from the scenic beaches of Mooloolaba to the artsy charm of Eumundi and the bustling heart of Maroochydore. This area is only becoming more attractive with increased interest in lifestyle-focused living. The recent opening of the Bells Creek Arterial Road provides rapid access to the M1, connecting residents to Brisbane and beyond, and adding to the region’s appeal for those relocating for both lifestyle and work balance.
Suburbs with the most Sales in October:
In October 2024, the Sunshine Coast property market has shown significant activity, especially in beachside and popular family-friendly suburbs. Notably, Parrearra, Bokarina, and Buddina saw the highest volume of sales, largely driven by demand for coastal properties. This trend is influenced by ongoing population growth in the Sunshine Coast area, which continues to attract buyers interested in the region’s natural beauty and coastal lifestyle. These suburbs have remained attractive for buyers seeking a mix of lifestyle, convenience, and proximity to the beach.
Supporting Your Property Journey
At AW, we pride ourselves on our people-focused approach, because we know that buying or selling a home is more than just a transaction. Our deep local expertise allows us to guide clients through the nuances of the Sunshine Coast market while keeping individual goals and aspirations at the heart of the process. For us, property is about understanding motivations, aligning with values, and creating the best possible outcomes for everyone involved.
Whether you’re looking to take advantage of the current market by selling, find your dream home in a sought-after suburb, or invest in one of Australia’s top lifestyle destinations, we’re here to support you at every stage. Reach out today to learn more about how our award-winning team can help you make the most of your Sunshine Coast property journey.
Amber Werchon Property – Making More of Property by Focusing More on People