Spring Market Update

MARKET U PDATE – Herron Todd & White

Lockdowns and the closure of the state’s borders created a high level of uncertainty about the economy and the property market as a whole for a short period. However, there has been a resurgence of confidence in the market with a high level of interest throughout most areas but in particular beachside suburbs which have historically been sought after. 

The Sunshine Coast property market has seen extremely low stock levels coupled with all-time low interest rates, resulting in property values rising in many instances. Market sentiment has improved which has in turn instilled confidence in the marketplace. The main driver of this sentiment is the Sunshine Coast lifestyle and the major infrastructure projects across the Coast. The Sunshine Coast has traditionally been one of the fastest growing regions in Australia and we expect to see this trend continue with future growth remaining well in excess of the Queensland and national averages

Buyer Enquiry

Spring saw 910 buyer inspections of our homes and 2,455 buyer enquiries via email.

Other notable hot spots were:

52 Buyer enquiries day one of a 3 bedroom unit launched to database

138 Buyer enquiries week one of a marketing campaign – Beach Shack in Yaroomba

Various Ocean view Villas now SOLD $1mil plus results

$1,225,000 & $1,150,000 Multiple offers made on both with buyers keen to secure property in Papillon Villas nestled above Third Bay.  And $1,341,000 on a Penthouse overlooking Coolum, also with multiple offers and back up buyers after the first open for inspection.

Grand result on Grandview

When the conditions were not satisfied, we had a back up contract in place ready to go! Done and Dusted. Owners stoked with the result

First Avenue Townhouse

61 Enquiries, 41 Open Home attendees, 6 Buyers made offers, Under Contract in 5 days at First Open Home