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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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Brisbane’s population picks up, but more people moving to Pimpama

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Brisbane’s population picks up, but more people moving to Pimpama

Brisbane’s population hit 2.4 million in June 2017, according to ABS figures.Source:Supplied

BRISBANE is back among Australia’s fastest-growing cities thanks to a growth spurt, but more people are flocking to areas outside the state’s capital.

New figures from the Australian Bureau of Statistics show the city’s population grew by 48,000 in the year to June 2017 to hit 2.4 million — the fastest rate of growth in four years.

Brisbane’s population picks up, but more people moving to Pimpama

Suburban homes in Brisbane’s southwest.Source:News Corp Australia

In Brisbane, net overseas migration was the biggest contributor to the surge, with 38 per cent of the population growth coming from overseas.

Births accounted for 37 per cent of the growth, while interstate migration accounted for 25 per cent.

The fastest and largest-growing area in Queensland is Pimpama on the Gold Coast, which grew by 3000 people or 31 per cent in 2016-17.

Brisbane’s population picks up, but more people moving to Pimpama
An aerial shot of Pimpama on the northern end of the Gold Coast. Picture: skyepicsaerialphotography.Source:Supplied 

Net internal migration was the main driver of growth, accounting for almost 90 per cent of population change.

Other areas to experience significant population growth include Jimboomba on the southern outskirts of Brisbane, North Lakes-Mango Hill in the Moreton Bay region, Coomera on the Gold Coast and Springfield Lakes in Ipswich.

Brisbane’s population picks up, but more people moving to Pimpama

Springfield Lakes has experienced strong population growth, according to the ABS.Source:News Limited

Ripley in Ipswich, the inner Brisbane suburb of Newstead and Peregian Springs on the Sunshine Coast were the fastest growing areas in the state in 2016-17.

ABS demography director Anthony Grubb said the latest population estimates were the first to include data on the components driving population growth in capital cities and regions.

“It is now possible to not only see how much population is changing in an area, but to understand why this change is occurring”, he said.

Michael Matusik, director of independent property advisory Matusik Property Insights, believes Queensland’s improving population growth should impact house prices, but it hadn’t so far because the state’s economy also needed to improve.

Brisbane’s population picks up, but more people moving to Pimpama

Houses in Ipswich, where areas like Springfield and Ripley are experiencing strong population growth.Source:News Limited

Mr Matusik told The Courier-Mail Pimpama’s population was growing at a rate he didn’t believe was sustainable.

“It’s a reflection of where land supply is on the Gold Coast at the moment and I think that will calm down,” he said.

“But if the Gold Coast is going to continue expanding, those areas will become more like North Lakes in due course.”

Sydney’s population grew by just over 100,000 people in one year for the first time, taking that city’s total numbers to 5.1 million.

Australia’s big east coast cities carried most of the growth — Melbourne, Sydney and Brisbane accounted for over 70 per cent of Australia’s population increase.

Darwin, Adelaide and Perth grew at 1 per cent or less.

TOP FIVE POPULATION GROWTH AREAS IN QLD

Suburb Population change 2016-17 Population as at June 30, 2017

1. Pimpama, Gold Coast 30.8% 12,586

2. Jimboomba 7.9% 28,639

3. North Lakes-Mango Hill 6.7% 33,225

4. Coomera 10.3% 15,227

5. Springfield Lakes 8.7% 17,468

(Source: ABS)

Source: ipswichinvestor.com.au

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Gympie region’s rental crisis hits a new low

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Gympie region's rental crisis hits a new low

RENTAL vacancy rates in Gympie have plunged from almost 6 per cent in June 2011, to 0.5 per cent, making it most likely the toughest rental market in Queensland.

What this means is that finding a place to rent in Gympie is hard, and rents are going up because of the high demand for what is available.

The March quarter vacancy rate data reveals generally improving rental markets across Queensland, according to REIQ’s Q1 2018 Vacancy Rate report, released yesterday.

Gympie region's rental crisis hits a new low
Residential vacancy rates in Queenslandcontributed

According to the data, the only place in Queensland as tight as Gympie when it comes to finding a place to rent is Caloundra Coast. Even Noosa is easier to find a place to rent than Gympie.

Regional Queensland, in particular, has delivered good results in the wake of a two or three bleak years, the REIQ says.

CEO Antonia Mercorella said the regional vacancies improvements this quarter followed similar small improvements in 2017 Q4, and these small but steady improvements were the hallmarks of Queensland real estate.

Gympie region's rental crisis hits a new low
Rentals are in short supplyCONTRIBUTED

In the Gympie region, residential vacancy rates have had a stead slide from 3.7 per cent in September 2016, to 2.1 per cent in December 2016, 2.2 per cent in March 2017, 1 per cent last December and 0.5 per cent in March 2018.

Gympie region's rental crisis hits a new lowResidential vacancy rates in Queenslandcontributed

“Some of our markets, such as the Gold and Sunshine coasts, remain uncomfortably tight and we would like to see more investors enter those markets, however APRA’s tightened lending criteria is not encouraging investors to consider property. The result is tight markets remain tight, despite good opportunities for landlords in those markets,” she said.

Greater Brisbane’s vacancy rates eased by 0.1 per cent to 2.7 per cent, which remains a healthy market.

Brisbane LGA also eased 0.1 per cent to 3.1 per cent, which indicates a healthy market for a second consecutive quarter.

Ipswich tightened marginally, moving from 3.1 to 3.0 per cent, but has maintained its position as a healthy rental market.

“This area is really a growth corridor for Queensland and we’re seeing buyers and renters flocking to this part of the southeast corner. It’s great news that the rental market is maintaining its stability and healthy status,” Ms Mercorella said.

The Sunshine Coast, overall, has a vacancy rate of 1 per cent. Caloundra, along with Gympie, has the tightest vacancy rate in Queensland, with just 0.5 per cent of properties vacant.

“The Sunshine Coast is very challenging for renters who are looking for accommodation and we have said consistently for quite some time that this market would benefit from additional investor activity. The upward pressure on rents, as a result of this tight vacancy rate, will serve to push this market towards unaffordable,” Ms Mercorella said.

Noosa is also very tight, at just 0.8 per cent.

“It’s no surprise that renters are flocking to this market – it’s such a stunning part of the world with employment opportunities – but additional supply into this market would be very beneficial,” Ms Mercorella said.

Fraser Coast, which is made up of Hervey Bay and Maryborough, is a tight market, although it has eased somewhat. Fraser Coast has moved from 1.6 per cent in December to 1.9 per cent in March. Hervey Bay is now 1.8 per cent – a tight market – and Maryborough is now 2.5 per cent, which is a healthy market.

Cairns has also eased from 1.6 per cent to 2.1 per cent, moving this popular destination closer to a healthy rental market.

Bundaberg has moved from 1.7 per cent to 3.4 per cent. This is quite a jump, but there’s likely to be a seasonal factor at work here with the transfer season impacting vacancies as people move in and leave for employment factors. Bundaberg remains a healthy rental market.

In continued good news for Gladstone, this market has fallen for a third consecutive quarter. Essentially this market has improved significantly since March 2016 when the vacancy rate was 11.3 per cent.

“We are seeing some stabilisation of the market in this area, with the rental market delivering some cautiously improving. It’s been a long time coming and we’ll continue to wait and see with this region,” Ms Mercorella said.

Mackay is another good news story, with significant improvements from December 2016, when vacancies were 7.9 per cent.

“To see this market at 3.6 per cent, which although it is technically just outside the healthy range, it is still in reasonably good shape and this is very encouraging. It has been consistently improving over the past couple of years and we have much to be optimistic about,” Ms Mercorella said.

The Rockhampton vacancy rate has been somewhat volatile in the recent years, however, we are starting to see some consistent downward trends emerge. The fourth consecutive quarterly fall has resulted in the lowest vacancy rate since September 2014, of 4.1 per cent.

Toowoomba has tightened to its lowest vacancy rate since September 2016. With just 2.3 per cent vacancies, this market is in the tight range.

Townsville has tightened again and this is now the lowest rate it’s been since 2013. This is a continued good news story for this market which represents some of the best buying opportunities in Queensland at the moment. The vacancy rate is 3.8 per cent and while that is just outside the healthy range (healthy is 2.5 – 3.5 per cent) it is a vast improvement on the highest rate of 7.1 per cent in September 2016.

Source: www.gympietimes.com.au

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Buyers spend $16m-plus to snap up Qld farms at auction

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Buyers spend $16m-plus to snap up Qld farms at auction

3872 Gatton Esk Road, Esk, sold for $10m under the hammer.Source:Supplied

THREE large farms with big skies and rolling farmland fetched over $16million under the hammer in Brisbane Friday morning.

Sunnyside in Esk – made up of a massive 21 adjoining surveyed lots, with a total land area of 2,339.85 hectares – was the biggest prize of the day, selling for a massive $10m.

Agent Jez McNamara of Ray White Rural Queensland told The Courier-Mail that it was a new benchmark for large grazing properties in South East Queensland.

“It’s been owned by the same family for four generations, they’ve built on it. It was tough decision to sell but it was time to wind up the family partnership and move on. It’s a stunning property and less than an hour from the Brisbane CBD,” he said.

Buyers spend $16m-plus to snap up Qld farms at auction

Such an idyllic location.Source:Supplied

Buyers spend $16m-plus to snap up Qld farms at auction

If you love open country, this is your heaven.Source:Supplied

Buyers spend $16m-plus to snap up Qld farms at auction

Classic homestead going back several generations.Source:Supplied

The property hit the market for the first time in 33 years and includes 27 earth dams, bore, well, seasonal creeks and gullies, and also has town domestic water and access to mains water for stock water.

“Whether you wish to breed, feed-on or fatten there is easy access to cattle sale yards, feedlots and abattoirs all less then half an hour away.”

With the property at 3872 Gatton Esk Road, Esk, located so close to Brisbane, it also had potential for future subdivision subject to council approval.

Another farm “Galloway Downs” at 193 Macaulay Road, Tansey, fetched $4.3m at auction Friday morning.

Buyers spend $16m-plus to snap up Qld farms at auction

Galloway Downs at 193 Macaulay Road, Tansey sold for $4.3m.Source:Supplied

Buyers spend $16m-plus to snap up Qld farms at auction

Perfect flat farmland.Source:Supplied

Buyers spend $16m-plus to snap up Qld farms at auction

Space for all the family.Source:Supplied

The property was made up of eight titles with 360 acres of blue gum creek flats used for cropping, with the balance used for grazing.

It’s located 25km from Goomeri, just 70km from Gympie and 250km from Brisbane, according to its listing by agents Ian Newson and Janelle Duffin of Ray White – Mundubbera.

The property has a six bedroom country homestead that overlooks grazing land.

They were also responsible for the third successful auction which involved a property called Boonimba” in Windera – 50km from Goomeri and 105km from Gympie.

It had a triple whammy of wilderness, cattle and timber, all potential income sources and sold for $2.4m.

Buyers spend $16m-plus to snap up Qld farms at auction

Surely there’s eco-tourism potential at “Boonimba”.Source:Supplied

Buyers spend $16m-plus to snap up Qld farms at auction

How wide is this tree trunk? Can’t even wrap arms around it.Source:Supplied

Buyers spend $16m-plus to snap up Qld farms at auction

What a great spot for a day’s work.Source:Supplied

Set over 2,602hectares, it was listed as having “immediate cashflow from mature trees and income for decades to come from younger trees under Managed Hardwood Program” and also has a herd included in the sale with stunning scenery perfect for tourism options.

The property had over 6km of frontage to Barambah Creek and access to a stunning gorge, as well as lava flows, diverse native flora and fauna and potential for an eco-tourism retreat.

Source: www.news.com.au

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