SUNSHINE COAST PROPERTY MARKET PIPS GOLD COAST AND BRISBANE IN HOUSE PRICES GROWTH

  SUNSHINE COAST PROPERTY MARKET PIPS GOLD COAST AND BRISBANE IN HOUSE PRICES GROWTH The Sunshine Coast is emerging as one of Queensland’s strongest residential property markets, says CBRE.

The Sunshine Coast is emerging as one of Queensland’s strongest residential property markets, outpacing both Brisbane and Gold Coast as an influx of sea-changers to the region bolsters house prices. 

New CBRE Research shows the Sunshine Coast has continued to record solid price growth for both houses and units, while simultaneously, population growth in the region is at its highest level in almost a decade. 

At a glance:  Sunshine Coast’s median house price increased by 3.8% to $622,500 Median unit price climbed by 2.4% to $420,000 Annual rates of growth were higher than the Gold Coast – 3.1% and 1.7% respectively – and the Greater Brisbane area – 1.3% and 1.7% respectively
In the year to June 2020, the Sunshine Coast’s median house price increased by 3.8% to $622,500, while the median unit price climbed by 2.4% to $420,000. The annual rates of growth were higher than the Gold Coast – 3.1% and 1.7% respectively – and the Greater Brisbane area – 1.3% and 1.7% respectively. 

Significantly, house and unit prices were effectively flat in the second quarter of 2020, while Gold Coast recorded just 0.2% growth for houses and 0.5% for units. By comparison, the Sunshine Coast recorded a 0.8% growth in house prices during the quarter, while unit prices increased 1.2% during the same period. 

Read more click here: https://www.therealestateconversation.com.au/2020/10/02/sunshine-coast-property-market-pips-gold-coast-and-brisbane-house-price-growth/1601611075