The growing desire for a beach lifestyle has contributed to Sunshine Coast house prices surging higher than any region in Queensland — and the third highest in Australia.
As people rush to escape the capital cities, house values rose a staggering 32.3 per cent on the Coast in the past year, according to CoreLogic’s latest Regional Market Update. Unit prices also soared by 29.1 per cent, the second-best performing unit market in Australia after the Wide Bay region (29.2 per cent).
Brisbane’s annual price increase was about 22 per cent, well below the Sunshine Coast’s.
The housing trend is in keeping with an apparent exodus from metropolitan areas to cheaper and more relaxed regional towns, especially near the ocean.
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