The latest REIQ report on the Rental Market:-
- Maroochy Coast was the tightest rental market in Queensland with a vacancy rate of 1.1 % for December 2016.
- Noosa vacancy rate remained relatively steady with vacancy rates of 1.4%. This market has operated in the tight range for the past four years (since
- Rentals of medium to high density living in Noosa follow a cyclical performance with a market peak during the summer and holidays period. Vacancy
rates of units in Noosa reduced from 3.2% in June 2016 to 1.4% December 2016
Utilising the REIQ Qld market monitor Dec quarter 2015, following is the current market overview. ..
|Recent media is talking down the ‘hotness’ of the property market.
With the Sydney and Melbourne markets slow down affecting SE
Qld, what we have seen on the Sunshine Coast is longer ‘days on the market’ overall, but this is yet to equate to lowering prices.
Quality properties at realistic prices are selling within the first two weeks and homes within the radius of the new hospitals site
are still being snapped up fast; one 3 bed, 1 bath, double garage Wurtulla home under $400k sold in the first few days with the agent
reporting unprecedented ‘backup buyer’ enquiry.
Historically November is a quiet time in property sales as people are organising holidays and spending on gifts. There is usually
a flurry of pre-Christmas sales then things really heat up in February.
Investors are still happy with the very low vacancy rate on the Coast, especially when combined with the stable interest rate which
looks set to stay around till mid 2015.
While many are predicting ‘a burst bubble’ soon, the Sunshine Coast has the plans on the board with employment potential and investment
spending to give confidence to Buyers.
Sunshine Coast Business confidence speaks for itself with 1000sq meters of commercial space already leased in the new Kon-Tiki precinct
being built in the Maroochydore CBD. The two, six storey towers are set for completion in July 2016. The developer Pratt
Property is self-funding the project and managing the leasing. Plans for the 16,000 m2 space includes state of the art fibre optic
broadband, 360 degree views, bike storage, lockers and showers on each floor along with a gym and a day spa.
The Sunshine Coast Market is changing rapidly.