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Sunshine Coast’s top-performing suburbs revealed

investor-stories
1 minute read

Sunshine Coast’s top-performing suburbs revealed

by Emma Ryan 27 November 2019 1 minute read

The best Sunshine Coast suburbs for median house and unit price growth have been unveiled, with new research showing double-digit increases in some areas.

Maroochydore
November 27, 2019

In the report The SunshineSunshine, NSW Sunshine, VIC Coast: Australia’s Most Compelling Growth Story, author and property analyst Terry Ryder revealed that some Sunshine Coast suburbs have experienced median house price increases of up to 37 per cent in the past year alone.

The growth trend, he said, is being driven by unprecedented infrastructure spending across the region, particularly the new Maroochydore City Centre.

“From the recently completed $2 billion Sunshine Coast University Hospital and its broader $5 billion health precinct, to the current expansion of the Sunshine Coast Airport and the preliminary work for light rail and passenger train services, there is more growth happening in this region than almost any other region in the country,” Mr Ryder added.

“The new CBD, being built from scratch on a 53-hectare greenfield site, is at the heart of this growth, providing a centre for the Sunshine Coast’s growing economic and job opportunities while helping to fuel residential price rises across the region.”

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SunCentral Maroochydore chief executive John Knaggs said other large infrastructure projects, such as the Sunshine Coast International Broadband Network, were also contributing to the region’s economic evolution.

“The growth metrics of the region are all coming together,” Mr Knaggs said.

“There’s been a decade of planning getting to this point, and now the Sunshine Coast is realising these opportunities creatively.”

Top-performing suburbs for median house price growth

1. Sunshine Beach

Median price: $1,600,000

1-year growth: 37 per cent

2. Twin Waters

Median price: $945,000

1-year growth: 21 per cent

3. DoonanDoonan, QLD Doonan, QLD

Median price: $1,005,000

1-year growth: 19 per cent

4. Woombye

Median price: $531,000

1-year growth: 17 per cent

5. Mooloolaba

Median price: $835,000

1-year growth: 14 per cent

6. WurtullaWurtulla, QLD Wurtulla, QLD

Median price: $605,000

1-year growth: 11 per cent

 

Top-performing suburbs for median unit price growth

1. Noosa Heads

Median price: $780,000

1-year growth: 26 per cent

2. Noosaville

Median price: $495,000

1-year growth: 19 per cent

3. Sunshine Beach

Median price: $700,000

1-year growth: 14 per cent

4. Golden BeachGolden Beach, VIC Golden Beach, QLD

Median price: $440,000

1-year growth: 11 per cent

Sunshine Coast’s top-performing suburbs revealed
Maroochydore
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About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of content at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]Read more

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