Grant Goodrum from Century 21 Coastal shares his insight into the local real estate market.
We are now coming into the traditional spring and summer peak of our Sunshine Coast property market and the first few weeks of spring has been absolutely phenomenal with the level of enquiry and sales. This is due to a number of factors but the driving force that we are seeing is because of what we to offer here on the Coast. A survey was conducted on 10,000 Australians between the ages of 50 and 60. They were all asked what they looked for when they retire, and not surprisingly the top of the list was a great climate and proximity to medical facilities and the Sunshine Coast tips the scales in both of those areas and more and more people are starting to notice and wanting our life style.
RP Data Chief Research Director released that the southern property market has been in a solid incline with an averaging 6.5% increase since May last year. This is positive not only for the Australian market but definitely for our Sunshine Coast market. With a spike in tourism over the past few months it’s becoming clearer that the gap between Sydney and Melbourne markets is driving the southerners north and they are choosing the Sunshine Coast to call home. In July this year Realestate.com received over 116,000 search results for Sunshine Coast greater region proving again that the southern buyers are keeping a close eye on our market and waiting to make the move.
As we get further in to the end of this year we are going to see more and more evidence the southern influence especially as days on market are getting fewer and with more and more property selling each week the supply and demand factor will be the key to capitalising on this market trend.
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