The latest report from the nation’s leading real estate portal – realestate.com.au places Mount Coolum firmly in the sellers’ market position. With an 8% price growth over the past 12 months, the median house price is now $655,000, and the median rental price is $498 per week, with an average rental yield of 3.9%.
The sales listings for Mount Coolum are generating an average of 2608 viewings, as opposed to the state median of 593…wow! For rentals it is 914 online viewings per listing. The average days on market for sale properties is 49 days, as opposed to 65 being the state median.
Real Estate.com.au reports:
“The median sales price for houses in Mount Coolum, QLD in the last year was $655,000 based on 71 home sales. Compared to the same period five years ago, the median house sales price for houses increased 45.1% which equates to a compound annual growth rate of 7.7%.”
This is very positive news for home owners in the area.
Sunshine Coast Marathon:
This weekend the Sunshine Coast Marathon is taking place from 17-19 August. This popular annual event has raised $1.3 million dollars for charity and community groups since its inception and attracts participants from across the nation and overseas. Event distances include the Marathon, Half Marathon, 10km, 5km, and the 2km. To find out more visit www.sunshinecoastmarathon.com.au.
The weather is glorious, if you’re not participating get out in the sunshine and support the participants. It’s always a wonderful event.