Despite a plethora of ‘doom and gloom’ in much of the media’s reporting on the state of the property market; particularly our southern capitals, the Sunshine Coast region is still performing strongly, outperforming all other Queensland markets.
The nation’s leading real estate portal, realestate.com.au has Mount Coolum currently listed as a seller’s market, with 8.2% annual growth, and a median house price of $652,500 based on 78 home sales; compared to the same period five years ago, the median sales price for houses increased 48.3%. Media house rents are now $500 per week; the rental yield for houses in Mount Coolum was 4.0% based on 90 property rentals over the preceding 12 months.
Buyers are still extremely interested in purchasing in this area, and realestate.com.au reports that there are 2,580 views per listing.
We have been very busy all year, with momentum increasing in spring. We have just launched some fabulous new listings to suit all budgets and have some more to present to the market in the coming week. So watch this space…