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Half Yearly Market Update


Welcome 2019 has been an interesting year with a range of economic events impacting on the property market. In general, the Sunshine Coast has performed well especially in the areas with limited stock available. The beachside areas, as always, have been performing well with supply remaining generally tight and values picking up. The coastal strip in the sub-$800,000 price range is expected to continue to be in demand however it is becoming increasingly difficult to find good quality homes under this level. Units in these areas are a little difficult to gauge. The larger permanent occupancy style product has become increasingly popular with empty nesters. The prestige market has had an uptick also right along the

coast with the main focus continuing to be the northern coastal areas surrounding Noosa. Like other areas of the market, we experienced a little at patch but this has certainly changed with supply being gobbled up and new value levels being hit. At Coolum Beach Real Estate we experienced a strong Spring selling period and an even stronger finish to the year with high inquiry levels and contracts being negotiated right through the Christmas New Year period. We sold 52 properties, ranging from entry level apartments to quality homes. Our highest sale price was $1,350,000 for a property bordering Birrahl Park in Yaroomba.


Looking forward, the infrastructure projects underway continue to be a great talking point for the region. The Maroochydore CBD, Sunshine Coast Airport expansion and the Sunshine Coast International Broadband Submarine Cable project are all under construction and all massive for the area. Add to these new projects such as the recent announcement that the Sunshine Coast will get Australia’s first Kelly Slater Wave Company wave pool and the news just keeps getting better. How this is affecting the coast can be seen from the latest population figures where the Sunshine Coast is the fastest growing region in southeast Queensland. All in all, 2019 has

Source: HTW Month in Review

ended pretty well. It is pretty clear that elections, election results and the uncertainty created by them can have a significant impact on the market. 2020 is set down for both local and state elections so we will probably see some slow down and we can deal with that. As long as we don’t see any major shocks to the global economy, we should go pretty well.

Sunshine Coast is the fastest growing region in south-east Queensland.


Statistics Houses and Units sold Houses

Coolum Beach

3 8%

6 8%

Peregian Springs

Peregian Springs

Mount Coolum

Mount Coolum

Yaroomba

Yaroomba

Point Arkwright

Point Arkwright

3 4%

Units

Coolum Beach

6%

16%

2 5%

1 2%

0%

0%

1%

Median sale prices Houses Yaroomba

Coolum Beach

Mount Coolum

Peregian Springs

$7 75K

$ 6 60 K

$5 88K

$ 617 K

Yaroomba

Coolum Beach

Mount Coolum

Peregian Springs

N/A

$430K

$370 K

$ 5 31K

Units

Highest sale price

$618,000

Peregian Springs

$720,000

Mount Coolum

$1,845,000

Coolum Beach

$1,120,000

Peregian Springs

Yaroomba

$1,200,000

$2,020,000

Units

Mount Coolum

$1,260,000

Coolum Beach

Houses


Our recent sales Coolum Beach,

Coolum Beach,

49/1 Bay Terrace

2 bed rooms

2 bath rooms

1 car parks

Contact agent Unit

Mount Coolum,

2 bath rooms

1 car parks

$570,000 Unit

2 car parks

$1,350,000 House

2 car parks

3 bed rooms

2 bath rooms

2 car parks

2 bed rooms

2 bath rooms

$435,000 Unit

5 bed rooms

3 bath rooms

2 car parks

2 car parks

Contact agent House

4 bed rooms

3 bath rooms

2 car parks

Contact agent House

Coolum Beach,

161 Centenary Heights Road

3 bed rooms

1 bath rooms

2 car parks

$580,000 House

Yaroomba,

5 Pandanus Av

$565,000 Unit

2 bath rooms

168 Grandview Drive

Contact agent House

1 car parks

4 bed rooms

Yaroomba,

Coolum Beach,

14 Peacock Ct

3 bath rooms

Contact agent House

13/1864 David Low Way

Coolum Beach,

3 bed rooms

2 car parks

Coolum Beach,

21 Goongilla Street

2 bath rooms

2 bath rooms

45 Lumeah Drive

Yaroomba,

4 bed rooms

4 bed rooms

12 Donegal Drive

Mount Coolum,

39/42 Boardwalk Blv

3 bed rooms

Yaroomba,

21a Perry street

139 Grandview Drive

$900,000 House

3 bed rooms

2 bath rooms

3 car parks

Contact agent House


The Team

Steve Lane

John Roderick

Georgia Everett

S a le s M a na g er M : 0412 346 333

Sales Agent M: 0432 51 1 1 8 1

Sa l es A gent M : 0 43 9 53 3 54 4

Paula McKie

Brad Lyons

Mel Lyons

S a le s Ag ent M : 04 23 149 47 7

Sales Agent M: 0499 2 76 503

Sa l es A gent M : 0 423 40 7 4 41

Michelle Roderick

Kris McCartney

Stacey-Marie Pettman

PA to John Rod e rick M : 04 21 4 4 0 05 8

Sales Agent to Steve Lane M: 043 8 403 642

Sa l es A gent t o St eve L a ne M : 0 40 4 29 8 0 46

07 5446 1133

admin@coolumbeach-realestate.com.au 1790 David Low Way, Coolum Beach QLD 4573 coolumbeach-realestate.com.au

Profile for Coolum Beach Real Estate

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