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The Sunshine Coast’s biggest hotspots – and none of them are Noosa

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Noosa may have achieved a record unit sale price of nearly $7 million recently, but the prestigious enclave isn’t one even of the top performers on the Sunshine Coast.

Domain Group data for the top 10 suburbs for annual price growth found six suburbs that recorded double-digit increases  – and none of them were Noosa.

Coolum Beach posted 20.8 per cent growth to $682,500 with nearby Mooloolaba achieving 17.3 per cent to $762,500.

sunshine coast

Noosa may have achieved a record unit sale price of nearly $7 million recently, but the prestigious enclave isn’t one even of the top performers on the Sunshine Coast.

Domain Group data for the top 10 suburbs for annual price growth found six suburbs that recorded double-digit increases  – and none of them were Noosa.

Coolum Beach posted 20.8 per cent growth to $682,500 with nearby Mooloolaba achieving 17.3 per cent to $762,500.

15 Godilla Street Coolum Beach is an iconic architectural masterpiece, listed for $1.695 million.15 Godilla Street Coolum Beach is an iconic architectural masterpiece, listed for $1.695 million. Photo: Supplied

Sunshine Coast-based Gordon McDonald of The Auction Group auctioned the record Noosa unit sale, which he said was a sign of the strength of the prestige market.

But in beachside suburbs south of Noosa he said you could get you much more bang for your buck.

“The spotlight is on Noosa, but you can buy a three-bedroom apartment on beachfront Hastings Street for $6.9 million or you can go down to Peregian Beach and get a house, absolutely beach frontage, for sub-$2 million,” he said.

sunshine coast

“About $1.7 million to $1.9 million will get you absolute beach frontage in Peregian Beach or Marcus Beach.”

The Sunshine Coast market had been strengthening since 2015, he said, with interstate buyers also active.

The entrance of southern buyers was having an impact on prices, he said, which meant locals needed to be more aware of their competitors.

sunshine coast

“The locals are like: ‘These prices are just ridiculous. How can we ever afford this?’ and the southerners come here and they’re like: ‘Oh my God. This is just unbelievable value. We’re not even going to hesitate paying full price. We absolutely love it here’.

“The locals need to understand the competition,” he said.

Mountain Creek came in seventh for annual price growth – posting an increase of 9.5 per cent to $591,250, according to the Domain Group data.

The suburb, which is located much closer to the beach than the name suggests, has long been in hot demand from buyers because of Mountain Creek State High School, which boasts sport and art schools of excellence as well as the prestigious International Baccalaureate program.

In fact, local resident Chris Norton bought in Mountain Creek specifically so his daughters could attend the school.

“That is why we sought it out. I used to be a teacher so education is pretty important,” he said.

“Properties don’t last very long and this time of the year people are trying to get in to plan for next year as well. It’s pretty tightly held because people want to get into that school – that’s the main driver.”

Mr Norton also set up his business, Intuitive Finance, in the suburb and said that demand for properties remained strong.

But to have any chance of securing a property in Mountain Creek or on the Sunshine Coast generally, he said, buyers needed to have their finance organised sooner rather than later.

“They need to have their finance organised in advance – pre-approvals rather than going and finding a house and then strolling into the bank and expecting that they’re going to be able to compete. Those days are gone,” he said.

“I might have timed it pretty right even last year. I bought in September last year and then something came up on the market earlier this year on the same street and it lasted four days on the market.”

Mr McDonald said that with renewed interest from southern buyers, he was expecting a busy start to 2018, with young families making the move north as well.

“Sydney and Melbourne do nothing in January whereas it is one of our biggest months. There is a lot of property transacted in January,” he said.

“One of the most satisfying parts of my job is selling a property to a young family in their 30s that are breaking away from Sydney or Melbourne and moving to the Sunshine Coast.  I can see how life-changing that is for people.”

Originally Published: www.domain.com.au

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Market Place

Seaside suburbs the star performers of southeast Queensland property market

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Seaside suburbs the star performers of southeast Queensland property market

THE lure of affordability, lifestyle and world-class beaches made southeast Queensland’s coastal markets the stars of the property sector in 2017.

THE lure of affordability, lifestyle and world-class beaches made southeast Queensland’s coastal markets the stars of the property sector in 2017, fuelled by a fresh wave of interstate migration.

While home values grew just 2.4 percent in Brisbane over the past 12 months, they jumped nearly 7 percent on the Gold Coast, while houses climbed in value by more than 7 percent on the Sunshine Coast, according to the latest data from property analytics firm CoreLogic.

Half of the top 10 property sales in Queensland last year were made on the Gold Coast; totalling $48.9 million.

And some agents say the markets are set to strengthen further in 2018 as Sydney and Melbourne homeowners cash out of their million-dollar homes in favour of a more laid-back, affordable lifestyle in the tropical north.

The REIQ’s latest Queensland Market Monitor shows the median house price in the Sunshine Coast statistical division jumped from $557,500 in June to $570,000 in September, while the Gold Coast achieved a new house price record of $606,000.

The Queensland government recently declared the number of interstaters migrating to the state was at its highest level in eight years, with 15,716 people moving here in the year to March 2017 — most coming from New South Wales.

CoreLogic senior research analyst Cameron Kusher said both the Gold Coast and Sunshine Coast property markets had benefited from that boost in interstate migration more than Brisbane.

Areas like Broadbeach Waters on the Gold Coast have experienced strong property price growth. Photo: Chris Bashall. Source: Supplied

Areas like Broadbeach Waters on the Gold Coast have experienced strong property price growth. Photo: Chris Bashall. Source: Supplied

 SQM Research managing director Louis Christopher expects both markets to outperform the state’s capital in 2018, writing in his latest Boom and Bust Report that the Gold Coast had a diversified economy and had benefited from the lead-up to the Commonwealth Games.

Ray White Surfers Paradise holds its major auction event of the year later this month to coincide with the January holiday period when many interstate and overseas visitors flock to the Gold Coast.

More than 100 properties will go under the hammer at its annual ‘The Event’ on January 28, with many holiday homes and investment properties set to sell to interstate and local investors.

This house at 80 Admiralty Dr, Surfers Paradise, is going to auction on January 28 through Ray White. Source: Supplied

This house at 80 Admiralty Dr, Surfers Paradise, is going to auction on January 28 through Ray White. Source: Supplied

Ray White Surfers Paradise chief executive Andrew Bell said the region had recorded solid sales figures in 2017 thanks to economic stability, job creation and steady population growth.

Mr Bell said the property market at the northern end of the Gold Coast had strengthened considerably because of new medium and high rise development in areas like Southport and Hope Island.

“That’s where all the new development is and it’s given people a lot more opportunity,” he said.

Mr Bell said suburbs like Coomera and Pimpama were had also become “powerhouses” for house-and-land developments, attracting demand from interstate.

“It’s not just people buying holiday homes,” he said.

“It’s just getting so difficult to live in Sydney with the cost of living and the traffic.

“People are saying ‘it’s time to move!’ and I think they’re seeing the Gold Coast as being the best it’s ever looked.”

And with vacancy rates of less than 1 per cent on the Gold Coast, Mr Bell said an increase in home construction was more than welcome.

“We can have 20 plus people turn up to an open home, so we desperately need more investors to buy some stock to help with this huge demand from tenants,” he said.

Kollosche Prestige Agents managing director Jordan Williams said the Gold Coast property market experienced periods of strength and weakness in 2017, but he predicted a bigger year in 2018.

“I know for a fact that for the last half of last year a lot of buyers were sitting on their hands reading the negative articles that said the market was going to crash,” Mr Williams said. “They’ve bought off me since then and realised its actually going to continue to improve.

“I think it’s going to be an exciting year.”

Mr Williams also said the majority of homes he sold were cash contracts, unlike the pre-GFC days.

“We have very affluent local and interstate buyers who are fourth, fifth and sixth generation wealthy,” he said.

“Our vendors who own these homes are also affluent, successful people and they don’t muck around with finance and building and pest inspections.”

Kristian and Haley Hughes are selling their five-bedroom waterfront home at 31 Pilot Court, Mermaid Waters through Kollosche Prestige Agents.

They’ve lived there for nearly three years, but have decided to sell and rent in the area so they can use the capital to fund Mrs Hughes’ new make-up venture.

This property at 31 Pilot Court, Mermaid Waters, is for sale. Source: Supplied

This property at 31 Pilot Court, Mermaid Waters, is for sale. Source: Supplied

Mrs Hughes, who runs The Institute of Makeup beauty school, said Mermaid Waters had benefited from the growth in popularity of nearby Burleigh Heads.

“I feel it’s becoming the new central location — nestled between Burleigh and Broadbeach,” she said.

The Hughes are hopeful they’ll benefit from the growth in the market over the past 12 months, with the median house price in Mermaid Waters increasing by more than 17 per cent.

The view from the home at 31 Pilot Court, Mermaid Waters. Source: Supplied

The view from the home at 31 Pilot Court, Mermaid Waters. Source: Supplied

Their family home is decked out with floor-to-ceiling glass, which captures spectacular 180 degree views.

“For someone who wants to make it their forever home, they’ll never run out of room,” she said.

“It was hard finding a place to put an offer on even then, because (homes) were selling before they even went to market.”

Further north, Noosa was the standout performer in 2017.

REIQ figures show Noosa was the state’s top performing market in the three months to September, recording annual house price growth of nearly 10 per cent.

Over the past five years, Noosa’s median house price has jumped by more than 40 per cent.

Main Beach at Noosa. Photo: Chantay Logan. Source: Supplied

Main Beach at Noosa. Photo: Chantay Logan. Source: Supplied

Tom Offermann Real Estate principal Tom Offermann said the company ended 2017 with eight sales averaging $5.9 million each.

The agency sold a sprawling waterfront home with a drive-through boatshed, two jetties and a boat ramp at 29-31 Wyuna Dr, Noosaville, for close to $11.9 million late in 2017 — setting a new record for the area.

This property at 29-31 Wyuna Dr, Noosaville, recently sold for about $11.9m. Source: Supplied

This property at 29-31 Wyuna Dr, Noosaville, recently sold for about $11.9m. Source: Supplied

“It’s not just the prestige properties that buyers are targeting,” Mr Offermann told The Courier-Mail.

“There are good opportunities for buyers at all levels who want to invest or live here.”

Another driving factor behind demand for the Gold Coast and Sunshine Coast markets is a lack of stock, but BIS Oxford Economics expects rising supply over the next three years to slow forecast price growth.

Another coastal market in Queensland that performed better than expected in 2017 was Cairns.

BIS Oxford Economics noted Cairns had benefited from improved tourism and a deficiency of dwellings, which was estimated to have pushed the median house price up by 20 per cent in the past five years.

It expects home prices to grow another five per cent until 2020.

Originally published: www.goldcoastinvestor.com.au

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Market Place

The Gold and Sunshine Coast markets are making a comeback

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The Gold and Sunshine Coast markets are making a comeback

THE Gold Coast and Sunshine Coast property markets are making a comeback. Check out some of the amazing listings.

7-13 King Arthurs Circle, Sovereign Island Source: Supplied

THERE are plenty of amazing coastal properties to choose from on the market at the moment, particularly if you’ve got plenty to spend.

The Gold Coast is renowned for having some of the most amazing beachfront and waterfront homes on offer.

One of the most impressive listings is a seven-bedroom home at 7-13 King Arthurs Court, Sovereign Islands.

7-13 King Arthurs Circle, Sovereign Island Source: Supplied

7-13 King Arthurs Circle, Sovereign Island Source: Supplied

The home, known as Château de Rêves is on a 3070 sqm absolute waterfront site at Sovereign Islands. It has 85 metre of water frontage and uninterrupted views of the Gold Coast broadwater and skyline.

The home was built in 2001 and also has two studies, two kitchens and staff quarters.

The internal finishes were imported from around the world and include Venetian Murano glass, an Italian imported timber balustrade and Botticino marble floors.

7-13 King Arthurs Circle, Sovereign Island Source: Supplied

7-13 King Arthurs Circle, Sovereign Island Source: Supplied

A main staircase was designed and manufactured in Italy and shipped in one piece. It is listed by Vivian Yu and Paul Arthur of Queensland Sotheby’s International Realty.

Also impressive is an incredible seven-bedroom home at 2585 Gracemere Circuit North, Hope Island.

The house, which is known as Sails, has 176 metres of water frontage and is guarded by marble lion sentinels.

2585 Gracemere Circuit North, Hope Island. Source: Supplied

2585 Gracemere Circuit North, Hope Island. Source: Supplied

Inside the double-height foyers is s Versace inspired water feature. The home was designed with curves and extensive balconies to simulate the sensation of sailing on an ocean liner.

There are gold swan taps n the bathrooms, Swarovski crystal chandeliers, and a self-contained penthouse apartment with a balcony which its listing describes as “big enough to land a helicopter’’.

The block has deep water frontage and a protected mooring for a 160-foot vessel.

It is listed through Douglas Hoang and Claire Dai of The Venetian Real Estate – Surfers Paradise.

Another amazing home listed for sale on the Gold Coast is at 3-7 Sir Lancelot Close, Sovereign Islands.

3-7 Sir Lancelot Close, Sovereign Islands. Source: Supplied

3-7 Sir Lancelot Close, Sovereign Islands. Source: Supplied

The seven-bedroom, Mediterranean inspired, waterfront mansion has views to Stradroke Island and Surfers Paradise.

The home has private guest accommodation and secure parking for up to 15 cars including basement parking.

3-7 Sir Lancelot Close, Sovereign Islands. Source: Supplied

3-7 Sir Lancelot Close, Sovereign Islands. Source: Supplied

It has 55 metres of water frontage and formal and informal living spaces.

The outdoor dining area has a Teppanyaki barbecue and there is a 25 metre swimming pool, gym and steam room, plus a yoga studio and meditation/massage room.

3-7 Sir Lancelot Close, Sovereign Islands. Source: Supplied

3-7 Sir Lancelot Close, Sovereign Islands. Source: Supplied

It is listed through Lisa Halpin of Savills – Gold Coast.

On the Sunshine Coast at home at 46 Seaview Tce, has 7 bedrooms, five bathrooms and an asking price of more than $18 million.

46 Seaview Tce, Sunshine Beach. Picture: Tom Offermann Real Estate Source: Supplied

46 Seaview Tce, Sunshine Beach. Picture: Tom Offermann Real Estate Source: Supplied

The beachfront home which is owned by former Australian tennis champ, Pat Rafter, is at the northern end of Sunshine Beach. It is on 1286sq m of land with its own landscaped path to the beach.

The open plan home has extensive decking, an infinity-edge pool and ocean views.

There is also a fireplace.and storage for surfboards.

46 Seaview Tce, Sunshine Beach. Picture: Tom Offermann Real Estate Source: Supplied

46 Seaview Tce, Sunshine Beach. Picture: Tom Offermann Real Estate Source: Supplied

It is listed through Eric Seetoo and Tom Offermann of Tom Offermann Real Estate – Noosa Heads.

46 Seaview Tce, Sunshine Beach. Picture: Tom Offermann Real Estate Source: Supplied

46 Seaview Tce, Sunshine Beach. Picture: Tom Offermann Real Estate Source: Supplied

Also on the Sunshine Coast a five-bedroom home at 9 Kiamba Court is listed for $4.75 million.

The home, known as Cloudbank, is also at the northern end of Sunshine Beach.

It has large balconies and views over the beach. The home is fitted out with plenty of new technology including a 360 degree rotating view television, SONOS entertainment control system that can be controlled with a smart phone, in-built speakers, ducted airconditioning, ducted vacuum and motorised awnings.

9 Kaimba Court, Sunshine Beach. Picture: realestate.com.au Source: Supplied

9 Kaimba Court, Sunshine Beach. Picture: realestate.com.au Source: Supplied

The kitchen has a built in cold room and there are vegetable gardens, multiple storage areas and parking for four cars.

9 Kaimba Court, Sunshine Beach. Picture: realestate.com.au Source: Supplied

9 Kaimba Court, Sunshine Beach. Picture: realestate.com.au Source: Supplied

It is listed through Jesse Stowers of Tom Offermann Real Estate – Noosa Heads.

Originally published: www.goldcoastinvestor.com.au

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The first residents have staked their claim in a new Sunshine Coast community

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The first residents have staked their claim in a new Sunshine Coast community

THE first residents have staked their claim in what will eventually be a $3 billion Sunshine Coast community.

THE first residents have moved in to AVID Property Group’s $3 billion Palmview development, Harmony.

Ben Francis and his partner Caisa Tottszer, both aged 21, moved in just before Christmas, and are among the first of 12,000 residents expected to move in to the masterplanned community over the next 15 to 20 years.

“We were looking to buy a house for around six months and looked at places and developments all over the coast,” Mr Francis said.

“We decided to buy a piece of land in Harmony, as we had heard great things about the plans for the development, as well as it being so central to everything on the Sunshine Coast.

“I work in Caloundra and my partner works in Noosa, so it is the perfect location for us. We both grew up on the Sunshine Coast and love the lifestyle here.”

The couple chose a three-bedroom, single story house by Sunshine Coast builder, NuTrend Quality Homes.

Harmony at Palmview Source: Supplied

Harmony at Palmview Source: Supplied

AVID Property Group general manager Queensland Bruce Harper said it was exciting to be welcoming the first residents at Harmony.

“Harmony has been almost 10 years in the making and it is rewarding to finally see our first residents settling in and buyers’ dreams becoming a reality,” Mr Harper said.

“We are looking forward to hosting a range of events, like long table dinners, that will help residents meet their neighbours and develop lifelong friendships.”

Mr Harper said there was a “hive of activity on-site” with lots of homes due for completion.

Once complete, Harmony will feature 4800 homes, 100 hectares of open space, including Queensland’s first grand linear park, and a 15,250sq m town centre.

Harmony is home to the largest display village on the Sunshine Coast, Harmony Display World.

The display precinct showcases 43 architecturally designed homes from 25 local and national builders.

THE BASICS

HARMONY

Developer: AVID Property Group

Price: House and Land Packages from $416,261

Location: Palmview

Originally published: www.news.com.au

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