Sunshine Coast Local: Are Sunshine Coast House Prices Rising?

are sunshine coast house prices rising

Whether you’re considering buying a house on the Sunshine Coast, or you’re a local looking to sell, you need to know what’s going on with the property market. Here are some things to watch for.

Mountain Creek

During the recent years, the Sunshine Coast housing market has shown a strong performance. However, the housing prices of the Sunshine Coast and Gold Coast are in a downturn phase at the moment. The housing prices of the Sunshine Coast and Gold Coast fell by 2.5 percent and 6.5 percent respectively in the past three months.

However, the prices of the Sunshine Coast and Gold Coast are not expected to fall below their pre-COVID levels in the near future. Those who are looking to buy a house or property will still find it a good place to invest.

The Sunshine Coast has a population of over 11,000. It is one of the most popular suburbs on the Sunshine Coast. In addition, it is only about a 20-minute drive to the Sunshine Coast airport.

Peachester

Despite being a relatively small suburb in the Sunshine Coast, Peachester has a lot to offer prospective homeowners. If you’re looking for an affordable family home in a quiet and green suburb, Peachester could be the perfect option. It’s located within a short drive from a number of Sunshine Coast beaches, restaurants, and shops. It’s also close to a highway and Steve Irwin Way.

As a result of a recent surge in demand, Sunshine Coast house prices have increased. While they’re not as high as in major cities like Sydney and Melbourne, they’re still reasonably priced. This has led to a growing number of people leaving these cities in favour of the Sunshine Coast.

The housing market in Sunshine Coast is expected to settle down after its recent dizzy heights. Corelogic reported that houses were staying on the market for twice as long as they were a year ago.

Halfmoon Bay

During the first half of the year, the median sale price of a detached home in the Sunshine Coast region rose 22 percent. This makes the Coast one of the more affordable areas in the Vancouver metro area.

However, the Sunshine Coast is facing a housing crisis. Housing prices are going up in the region as a result of a younger, more affluent demographic. The pandemic has also added to the demand.

There is a shortage of rental accommodation. This makes it difficult for business owners to find workers. Some companies have chosen to buy their employees housing instead. However, local governments have been reluctant to allow planned development. These actions do not necessarily address the void in housing demand.

The Sunshine Coast is also subject to a property transfer tax, which starts at one percent of the fair market value up to $200,000 Canadian. If the value of the property exceeds $2 million, the tax rises to three percent.

Sorrento

Located in southern Italy, Sorrento is a town that has become a popular tourist destination. It is not only a beach town, but is a great base for exploring other southern Italian regions. It is also a base for seeing Pompeii.

Sorrento is a lively, culturally rich town. The main tourist season runs from Easter until October. The city’s cloisters are often used for art shows in the summer. It’s also home to the Church and Cloisters of San Francesco, which is a popular wedding venue.

The city’s central storico is a maze of narrow, medieval alleyways that are home to several churches, artisanal workshops, and local craft stores. It’s also home to two small volcanic sand beaches.

The Sorrento street market is open Tuesdays from 8am-2pm. The city’s historic cloisters sometimes host classical concerts.

Brisbane

Despite the recent uptick in interest rates, Sunshine Coast house prices are still an attractive proposition. The local economy is strong and the housing market has also been boosted by a massive influx of cash from southern buyers.

In terms of the housing market, Queensland has seen incredible growth in the past year. The property market has taken off with a bang, with some of the country’s biggest hotspots seeing house price growth of up to 25 per cent.

But the Sunshine Coast house prices aren’t the only ones showing signs of growth. A recent study conducted by BIS Oxford Economics found that a recent increase in residential construction has helped the country’s housing market perform well.

The Australian Housing Outlook for 2021-2024 outlines how the country’s housing market has been performing. The report cites the construction of new infrastructure and recent increases in population as the biggest reasons for the growth.