Property Market Update

The Sunshine Coast property market finished 2017 on a strong note, with good levels of activity and increases in values experienced across the coast in most sectors. Once again and much like 2016, the past 12 months have exceeded expectations with growth in values across the board.

Capital growth in the residential property market on the Sunshine Coast is expected to continue, however we’re expecting it to ease over the coming year.

The northern coastal areas of the Sunshine Coast and the prestige market in the Noosa area are expected to continue to see some growth throughout 2018. The strong markets and confidence of Sydney, Melbourne and more locally, Brisbane, are having a positive impact in the area.The lack of vacant land and new subdivisions in the Noosa region is also helping to underpin values in these areas.

Units lagged behind the housing market through most of 2017 however agents have been reporting good levels of interest in units, particularly owner occupier units within smaller complexes with low body corporates. This swing to permanent unit living has been reflected in the number of new unit complexes under construction or proposed that directly target this market.

The lifestyle and rural residential market has also improved with upgraders being active in the area.

Overall, 2018 is expected to continue in much the same way as 2017 finished and it is predicted to be another good year for the residential property market on the Sunshine Coast. Will it be as good as the past 12 months? We will have to wait and see.

Source HTW