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Great value for money

There are still plenty of homes available on the Sunshine Coast for less than the magic $500,000 mark.

Property

Great value for money

There are still plenty of homes available on the Sunshine Coast for less than the magic $500,000 mark.

There are still 10 suburbs within the Sunshine Coast Council area where you can purchase a home for under $500,000, making the region one of the more affordable lifestyle destinations, while those looking for land to build their own dream home on are up for a median price of $273,800.

According to the REIQ’s Queensland Market Monitor September 2019 report, established homes at Nambour are going for a median price of $400,000 and you can secure a home in the popular Caloundra West for $478,500.

This shows there are still plenty of opportunities to get a good, affordable buy on the Sunshine Coast.

Stockland regional manager Adrian Allen says the Coast has become a popular location for buyers at all stages of life.

“In particular, over the past few years, interstate migration has continued to grow, as buyers look for a relaxed coastal lifestyle with easy access to Brisbane city,” he says.

“We are seeing a particular trend towards buyers demanding lower maintenance living. With their busy lives they want to be out enjoying their downtime, but don’t want to compromise on quality.”

Mr Allen says low-maintenance living has been an established trend for some time now and is showing no signs of abating, as more and more homebuyers recognise the benefits of living options that leave plenty of free time to enjoy life.

“Well-designed communities like Aura offer all the amenities one needs – connected by 200 kilometres of walking paths and cycling veloways – so nothing is compromised. The recent Baringa Townhome release sets a new benchmark for liveability in both internal design and connectivity to the award-winning community,” he says.

“Ultimately, it’s a lifestyle decision and that’s what makes it a popular option for a really diverse type of buyer – from first homeowners and singles, through to families and downsizers.”

Stockland’s Aura community offers land starting from just $213,000 for a 250m2 sized block, well below the region’s median of $273,800, but Mr Allen says the move to lifestyle blocks that rely on masterplanned community amenities and parks rather than having heaps of backyard space is about much more than simply affordability.

“We’re noticing that it’s not just first homebuyers and downsizers who are interested in these home types, but also singles and busy families. Now more than ever people want cleverly designed floor plans which maximise the use of space and have high quality, premium inclusions,” he says.

“It’s the lure of low maintenance for those who want to be able to lock up and travel or worry about only a courtyard for landscaping, but still have spare rooms and space for friends and families.

“A neighbourhood such as Stockland’s Baringa community offers amenity and recreational spaces that are sought after by people across all life stages, so it’s important to provide a range of housing options that suit all different household types and ways of living.”

The Coast property market continues to remain steady and isolated from the headline-grabbing peaks and troughs experienced in the last few years in Sydney and Melbourne due to its population growth, government and private enterprise infrastructure spending and expansion of the range of industries where people can gain employment.

However, there is no doubt that our affordable property prices continue to remain attractive to those seeking the Coast lifestyle. Porter Davis Homes Queensland state manager Grant Whinnett says affordability will always be a key influence on the purchase of any home.

“Areas like Caloundra and the growing community of Aura are offering more and more attractive house and land packages for first homebuyers to break into the market, but also downsizers seeking a beautiful coastal location,” he says.

“According to recent REA findings, Caloundra, Baringa and Maroochydore were in the top ten searched suburbs for new houses across Queensland. The most common price points being searched in Caloundra are in the $400,000 to $500,000 range, which is typically driven by first homebuyers and downsizers.”

Mr Whinnett says builders across the region are introducing products that will cater for the growing demand for units, townhomes and duplex living.

“Cleverly designed floorplans on smaller land sizes help keep prices affordable and demand for houses like these – that offer all the amenities of a large home, but on a smaller scale – has been high in recent months,” he says.

“We are noticing that Brisbane’s strong economy and also investment and regeneration into the Sunshine Coast is attracting more buyers to move here.”

Porter Homes has introduced the Montville 20 to their range of affordable home options to help even more people get into a new home at an affordable price bracket.

 

Top 10 most affordable Sunshine Coast suburbs

  1. Nambour – $400,000
  2. Landsborough – $425,000
  3. Burnside – $441,000
  4. Beerwah – $450,000
  5. Yandina – $462,000
  6. Coes Creek – $475,000
  7. Caloundra West – $478,000
  8. Glasshouse Mountains –$483,750
  9. Pacific Paradise – $488,000
  10. Kuluin – $499,000

 

Source: REIQ QMM September 2019.
*Median house prices

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Roxy has been a journalist for more than a decade and joined the MWP team at the end of 2016. She is a chocolate-powered writing machine who loves to engage with the Coast community, uncover untold inspirational stories and share information that can help people.

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