QLD Market Still Going Strong

The latest REIQ Market Monitor indicates that many sectors of the Queensland market are still going strong, with 11 suburbs reaching an annual rate of growth of more than 20%; Mount Coolum was eight on that list, with 21.9% annual growth and a median price of $670,000.  Yaroomba, just up the road, was ranked 13 with a 19.7% growth and an annual median price of $749,000.  Minyama was the only Sunshine Coast suburb ranked higher, coming in at number four with a whopping 46.2% price growth.

REIQ CEO Antonia Mercorella said while many headlines predicted doom and gloom for the property market, the reality was very different with many markets in Queensland performing exceptionally well.

“A total of 68 suburbs throughout Queensland have delivered double-digit growth over 12 months, which is a really strong result,” Mercorella said.

“And there are many more suburbs delivering strong single-digit growth. It’s a great market to be in at the moment.”

The results are based on house sales on land parcels of less than 2,400m2.

Here at Wright Place, we are still experiencing a large volume of enquiries, good numbers through our open homes, and excellent results.  Last weekend we sold 21/42 Boardwalk Boulevard, Mount Coolum under the hammer well above the reserve price; three bidders were in fierce competition to secure this lovely property, and as a result the optimum price was achieved.

Please feel free to chat to me about your property and what price could be achieved in this current market.