REIQ Market Update – March Quarter 2018

The REIQ have just released their Quarterly Market Update for the period up to March 2018; and reported that the Sunshine Coast house market has delivered moderate and sustainable growth for the quarter, with the median house price for the Sunshine Coast LGA (excluding Noosa Shire) at $563,000.

It also reports that the Sunshine Coast rental market is the strongest in Queensland, generally reporting vacancies well below 1%, and says this sector of the market is in serious need of additional rental stock to create a better equilibrium between supply and demand.

Mount Coolum HOUSE figures below:

Quarterly number of sales:         14

Annual number of sales:            72

Annual median sale:                  $662,500

Annual median sale 1 year ago:   $550,000

1 year change:                          20.5%

Annual median sale 5 years ago: $436,500

5 year change:                          51.8%

Mount Coolum UNIT/TOWNHOUSE figures below:

Quarterly number of sales:         12

Annual number of sales:            94

Annual median sale:                  $416,250

Annual median sale 1 year ago:   $399,450

1 year change:                          4.2%

Annual median sale 5 years ago: $330,000

5 year change:                          26.1%

As you can see the figures speak for themselves; the growth has been strong over the past five years, and this trend has continued.    If you would like a copy of full report via email, click here to request.

Auction Update: 

Last week 49 Boardwalk Boulevard, Mount Coolum was SOLD prior to the auction by Wright Place, for $880,000; we had multiple offers which secured a fabulous result for sellers.  Congratulations to both parties.