THE Sunshine Coast’s housing market is set to break through the $1 million median value mark as interstate migration fuels an unprecedented surge in demand, positioning the region as Queensland’s latest property hotspot.
Over the past year, property prices in the region have outpaced even the most robust metropolitan markets.
On the Sunshine Coast house values were up 8 per cent year on year to $990,406 according to PropTrack data in June.
PropTrack senior economist, Paul Ryan, said the data showed similar trends across large regional cities, albeit at different stages in the property cycle.
“We have seen regional property prices increase 55 per cent since the onset of the pandemic,” he said.
The region remains top of the pops for interstate migration, with the Sunshine Coast the most popular destination (16 per cent) of all regional movers.
The next closest was the Gold Coast (9 per cent).
Unit prices across the region were also up 8 per cent to $720,659 in the same period.
While fewer people moved to the regions after pandemic lockdowns were lifted, the number of
people relocating from a capital to a regional area is now sitting 20 per cent higher than prior to the pandemic, the report found.
About twothirds of people relocating from cities to the regions over the 12 months to March 2024 came from Sydney, while about 30 per cent came from Melbourne.
Commonwealth Bank Executive General Manager Regional and Agribusiness Banking Paul Fowler said the Sunshine Coast offered a wonderful lifestyle experience and is one of Queensland’s fastestgrowing economies.
Selling Season Spring
“A skilled and diverse labour supply is one of the most critical inputs for any economy and Sunshine Coast businesses across a wide range of sectors are taking advantage of the growth in people coming to the area, moving at pace to explore new and innovative opportunities,”
Mr Fowler said.
Regional Australia Institute chief executive Liz Ritchie said the regional lifestyle was proving highly desirable. “With high house prices and cost-ofliving pressures biting,
many people are realising the regions can offer the lifestyle they want and the jobs they’re after, minus big city problems like long commute times, tolls and traffic,” she said.
EXCELLENCE IN REAL ESTATE
MEET OUR TEAM
Our team offers a comprehensive sales and advisory service in all aspects of the sales process. Simply put, it is our responsibility to ensure our clients enjoy the sales journey comfortable in the knowledge that their best interests are being served throughout the process. It is our job to make sure that every thing is taken care of and that we deliver on our promises and responsibilities to the highest of standards.
Spring Selling Season
Pine puts you fi rst rst
By Bailey Sims Pine Property Partners
I’M excited to share the successful sale of 8 Aspect Way, Glass House Mountains! Helping my clients achieve their goals is always my top priority, and this sale was no exception.
From the moment I met the sellers, I knew we’d make a great team. Their trust in myself and Pine Property Partners meant the world, and I’m incredibly
grateful for the kind words they shared about our journey together.
“We could not be any happier choosing Mitch and Pine Property Partners to sell our home! Mitch from the get-go was so easy to
communicate with and made the whole process flow, which made the stresses of selling a house vanish.
Mitch was open, honest, reliable, trustworthy, and most of all, just a down-
to-earth person who made it so easy to feel 100% confident in selling our home. If you are looking to sell your home, Mitch and Pine Property Partners are the ones to call! Thanks so much, Mitch!”
Selling a home can be challenging, but I’m here to make it smooth and stressfree. My goal is to ensure every client feels supported, informed, and confident throughout the process.
I’m proud to have achieved that for these clients, and I’d love to do the same for you. As we come into spring, preparation and presentation of a property are things that can directly affect a sales campaign and price. We pride ourselves on process and making sure every box is ticked.
If you’re considering selling or looking to buy, let’s talk about how I can help you achieve your real estate goals. Call me at 0499 117 769 or visit www. pinepropertypartners.com. au.
I look forward to working with you!
Maleny’s cornerstone business
FOR over two decades, Maleny Realty has been more than just a real estate agency—it has
Maleny Realty has earned a reputation for excellence, trustworthiness, and unwavering commitment
The agency has recently expanded, bringing in new talent and expertise. Jason, who joined as Sales and Marketing Executive in October 2022, brings a rich background in agriculture, farming, and business operations. His contributions have already significantly enriched Maleny Realty’s services. Amanda Wanjura, who started as Sales and Admin Assistant in March 2023, adds a unique dimension with her background in nutrition and 25 years of experience in sales and marketing in the pharmaceutical industry.
Her skills enhance Maleny Realty’s client services and
service approach.
In July 2024, Fiona Bartholomew joined Maleny Realty, stepping into an administrative role. With 17 years of experience at Maleny Pharmacy, Fiona brings strong organizational and customer service skills. The community-focused background makes her a valuable addition to the team.
Maleny Realty offers access to the real estate market not only in Maleny but also in Montville, Mapleton, Kenilworth, Conondale, Bellthorpe, Reesville, Witta, and the broader Sunshine Coast Hinterland.
Whether you are looking to buy or sell a home, farm acreage, land, or commercial property, you are invited to discuss your real estate needs with their friendly, helpful team.
Call them today on 5499 9994 or drop in to the Maleny Realty office at 44 Maple Street, Maleny.
Mixed trends in home sales
THE Housing Industry Association (HIA) released its latest New Home Sales report, showing a mixed performance across Australia’s largest states in July 2024. The monthly survey, which is a key indicator of future detached home construction, revealed a slight 4.1 per cent decline in new home sales compared to the previous month. Despite this, sales remained stronger than at the same time last year.
“This is consistent with our expectations that detached home building will pick up pace in the second half of 2024,” said Mr. Tapang, a spokesperson for the HIA.
Queensland was a standout performer, with a 15.6 per cent increase in new home sales in July 2024 compared to June. “This leaves sales over the past three months 60.1 per cent higher than at the same time last year,” Mr. Tapang noted.
South Australia also posted strong results, with new home sales up 55.8 per cent in the three months to July 2024 compared to the same period last year, despite a slight monthly decline.
Meanwhile, Western Australia’s new home sales remained robust, though recent months have seen a downturn. “This market is constrained only by the capacity of the industry, not demand,” Mr. Tapang explained.
In contrast, New South Wales and Victoria continued to struggle, with sales “bouncing along the bottom of their respective cycles.” The rise in interest rates has had a particularly harsh impact on these states, where higher land costs have intensified the pressure.
Overall, the report suggests that the anticipated growth in home construction will be driven by smaller markets outside of Sydney and Melbourne.
THERE’S a lot to consider when buying your first home. We’ll guide you through each of the stages and provide you with the information you need to reach your goals.
Stage 1: Explore Dreaming of your own first home? We can help make it a reality. First, you’ll need to find a place that’s right for you. It might be a house with room for your family to grow or maybe
it’s an apartment near your local train station. Whatever you’re looking for, we can guide you through the decision-making process so that you know what to expect next.
Stage 2: Research
Once you know what you’re looking for in a home and where you want to buy, it’s time to find out how much you can afford to spend. As a first home buyer this can depend on
a few factors, including whether you’re eligible for a first home owner grant. Let’s learn more about the home buying process, from the meaning of LMI to how you calculate your LVR or stamp duty.
Stage 3: Borrow
It’s time to get serious about buying your first home. But how do you know what option is best for you when it comes to borrowing the money you
need? Getting your head around how to get a home loan, the different types of home loans, plus preapproval on home loans, may seem daunting. The good news is, we’re here to help!
Stage 4: Buy
There are different ways to go about buying your first home. Let’s explore the processes including securing a first home owner grant and navigating a private agreement or auction.
This knowledge can go a long way in helping you purchase your dream home on your terms.
Stage 5: Settle
You’re almost there!
Settlement day is fast approaching and you’re about to become a home owner.
More than ever, you want everything to go smoothly. So, let’s take some time to make sure you’ve got everything in order, before the big day arrives.
with Stan from CFP Homeloans
Geoff JasonAmandaFiona
Happy Sellers with Mitch and Bailey.
Rents are barely rising at a national level and are even starting to fall in some capital cities, providing relief
strong price growth amid historically low vacancy rates. CoreLogic’s latest rental index rose by just 0.1% in July*, which was the lowest monthly increase for national rents in four years. Rents fell by 0.1% in Sydney and Brisbane,
major cities since 2020. Rents also declined in Hobart in July by 0.3%. Growth in weekly rents has been continuing but at a slower pace for the past year, especially in the apartment market. Using Sydney as an example, annual growth in apartment rents fell from 17.9% in May last year to 6.6% today. Now, 6.6% is still high by historical standards. In fact, it’s more than twice the pre-pandemic 10-year average of 2.7%. But at least we are seeing some heat come out of the market, which will certainly make life easier for the one in three Australians
JOHN MCGRATH – RELIEF FOR RENTERS AS HEAT COMES OUT OF MARKET
who live in rental properties. CoreLogic attributes the slowdown in rental growth to a peak in net overseas
of last year. A huge component of the post-pandemic migration surge was international students. They like renting inner city apartments because that’s where many universities are located. So, we saw a spike in demand for those types of properties and now
another interesting trend that is potentially taking some demand out of the rental apartment market. CoreLogic has dug deeper into the statistics and discovered that rental prices are growing faster for large properties with more bedrooms compared to small properties with just one or two. For example, weekly rents for houses with one or two bedrooms rose by 7.6% nationally over the 12 months to June this year, while rents for houses with
reduction in rental growth for studios and one-bedroom apartments. Annual last year to 7.1% today. CoreLogic renters getting together to form share households. Multi-generational families may also be doing the same thing. This is a reversal of pandemic trends where we saw many inner city share homes break up. As people began working from home, they decided they wanted
alone if they relocated to the suburbs. And it wasn’t just renters making this move. Plenty of people who owned homes in the inner city decided to relocate to the city outskirts, or regional areas, where they could buy a large forever home with dedicated home a pool.
This population dispersion contributed to a reduction in the average household size nationwide, which the Reserve Bank has directly linked to both rising rents and property values in recent years. All of this is good news
Meantime, rents have re-rated across the country, and these better returns are helping landlords cope with higher interest rates on their investment loans
Bureau of Statistics reporting 37.1% of new loans went to investors in May. That’s the highest percentage in seven years. We certainly need more rental homes in the market to keep up with population growth, so this is a welcome development. Property investors typically prioritise capital growth over rental yields, so the slowdown in rental price growth over the past year is not deterring them. Gross rental yields for all types of properties are sitting above 3% in Sydney, Melbourne, Brisbane and Adelaide and above 4% in Perth, Hobart, Canberra and all regional markets. This means rents are not covering investment loan repayments at today’s interest rates, nor any of the ongoing holding costs that landlords have to pay.
of McGrath Estate Agents.
– Operations Manager for Property Management
Jen Anderson, our McGrath Coast & Hinterland Operations Manager for Property Management has a vast experience which comes from 15 years of leading teams for a large corporate real estate company in Brisbane. Having moved to the coast to head up a Mooloolaba then Noosa Hinterland Property Management department her ethos is ensuring her teams are happy, careers. Her wealth of experience training, guidance and support to our already experienced team of
professionals. Our team’s combined extensive experience sets McGrath Coast & Hinterland well apart on the Sunshine Coast for professional property management and asset management services. You can rest assured if you choose to place your property with McGrath Coast & Hinterland you will be in the best hands.
If you are interested in having a chat about leasing your property and what that entails please reach out to Deb Fleming our New Client Consultant on 0488 771 626.
Spring Selling Season
Tips to sell your home in tip top shape
By Krystle Kirk McGill Hinterland
IF YOU are considering selling your home this spring, now is the perfect time to prepare. Although the weather may still be chilly, the prime selling season is just around the corner, making it essential to get your property ready. Start with your garden. Spring’s natural beauty
can enhance your home’s curb appeal, so it’s time to trim shrubs and trees, plant flowers, and fertilize your lawn to make it look its best. Next, tackle maintenance
and repairs. Small issues can turn off buyers, so inspect your home with a critical eye. Prioritize obvious and significant repairs to ensure your property is in top shape.
By Reece Osborne Glasshouse Property Sales
Decluttering is key.
To help buyers imagine themselves in your space, remove personal items and consider paring down large furniture that might overwhelm a room.
A thorough spring clean is also essential. Go room by room, tidying up and organising, to present your home at its best.
Understanding the market is critical.
Research similar properties in your area, attend open homes, and gauge buyer demand, pricing trends, and sold property days on market.
Finally, consult with a Real Estate Agent early. Invite them to assess your property, provide advice on selling strategies, and recommend any improvements.
This will help you choose the right agent and gain valuable insights into the market.
Gather necessary paperwork, such as floor plans and approvals, to streamline the selling process when the time comes. By preparing now, you’ll be ready to make the most of the spring selling season. Call Krystle on 0429405597.
Navigating the Sunshine Coast Real Estate Market
decision-making, imposing a reassessment of their strategies.
THE Sunshine Coast’s real estate market is in a unique position, balanced between growth and change. As one of Queensland’s most desirable regions, the area has seen a significant influx of buyers seeking a slice of the lifestyle, leading to sustained demand and steady property price increases.
However, the tightened economic conditions, cost of living pressures and uncertainty surrounding interest rates has influenced both buyers’ and sellers’
For sellers, this means understanding the importance of realistic pricing and the value of presentation to appeal to a more cautious buyer pool.
Buyers, on the other hand, need to be diligent, securing financing ahead of time and being ready to act quickly when the right property comes along.
Despite these challenges, opportunities abound. The Sunshine Coast continues to benefit from ongoing infrastructure development, enhancing its appeal
as both a lifestyle and investment destination. Savvy investors are looking beyond the immediate hurdles and recognising the long-term potential of our region.
At Glasshouse Property Sales, we believe that now, more than ever, professional guidance is crucial. Whether you’re looking to buy or sell, having a trusted advisor who understands the nuances of the local market can make all the difference. Our commitment is to provide personalised service, ensuring that our clients not only navigate this market but thrive within it.
Save your sale for the Spring
By Alex Garden Ray White, Beerwah
IF YOU’RE planning to sell real estate this selling season, you’re in good company!
This time of the year is one of the best times to market real estate for sale, and here are 6 reasons why:
1. Spring has consistently shown higher levels of buyer activity and increased sales. This trend is backed by historical data, which indicates that more homes are sold during spring than any other season.
2. Spring weather is generally mild and pleasant, creating ideal conditions for house hunting.
Potential buyers are more inclined to attend open houses and viewings when they don’t have to contend with the harsh cold of winter or the intense heat of summer.
3. A home’s appeal significantly impacts a buyer’s first impression. During spring, gardens and landscapes come to life with blooming flowers, lush greenery, and vibrant colours. This natural beauty can enhance the visual appeal of a property, making it more attractive to potential buyers.
4. The extended daylight is particularly advantageous for potential buyers who work standard hours, as it allows them to schedule viewings after 5PM. Longer viewing times can increase the number of prospective buyers able to visit a property, potentially leading to more offers.
5. Spring allows enough time to find the right property and settle in before the end of the year/school year which creates a sense of urgency and motivation among buyers.
6. The influx of money from tax refunds can significantly enhance a buyers’ financial position, making it an opportune time to invest in real estate. With extra cash on hand, buyers may feel more confident and ready to make substantial financial commitments, such as purchasing a home.
If you would like to speak to the experienced team at Ray White Beerwah, call 07 5439 0300.
