REVEALED: The hot property suburb surging ahead in sales
PRICES soar nearly 20% as buyers hone in on best location
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A MAJOR surge in house sales for one Capricorn Coast suburb proves buyers want location, no matter the cost.
Yeppoon Real Estate sales specialist, Anna McPherson has seen a huge turnaround in home sales in Cooee Bay with a massive 17.1 per cent suburb growth this financial year.
The coastal suburb is a stone's throw from the beach and the affordable homes have buyers racing to snap up their slice of heaven by the sand.
"Across the market, we have seen a diverse range of results, seeing sea view properties and homes within close proximity to the beach achieve premium sales results,” she said.
Despite the ideal location, median house prices in the Yeppoon suburb sit at an affordable $325,000 - a $47,500 jump from 2017 results.
Suburb growth has bounced back from a decline of 9.5 per cent in 2017 with 27 homes sold this year.
RECENT SALES
- 7 Wattle Grove, Cooee Bay- $800,000
- 39 Wattle Grove, Cooee Bay- $670,000
- 1 Booth Crt, Cooee Bay- $345,000
- 42 Poplar St, Cooee Bay- $215,000
- 2 Flinders Crt, Lammermoor- $418,5000
- 19 Ganter St, Lammermoor- $325,000
- 6 Cana Plc, Lammermoor- $589,000
- 38 Wateriew Drv, Lammermoor- $450,000
According to Price Finder, fellow coastal suburb Lammermoor also had significant growth in the last year with a 9.5 per cent house sale increase.
Sales specialist Adam Cook said matching the buyer with their dream home early was the key.
"We are dealing with a lot more active buyers and matching more and more purchasers with properties before they actively hit the sale market,” he said.
READ: Cap Coast leading CQ with booming real estate prices
READ:Boost in CQ properties selling under the hammer
Close to Sacred Heart Primary School and a short walk from Lammermoor Beach, the established suburb has a median house price of $460,000, slightly up from last years results.
More than 40 properties were sold in the prestigious suburb this year with trends expected to keep rising.
Inspections spike on beach havens
Character proves to be at the top of coast home buyers' lists with one Cooee Bay property attracting record interest.
After launching onto the market on September 12, the two-bedroom home at 9 Ray St has shocked agents after more than 50 inspections in a matter of days.
Sales specialist at Yeppoon Real Estate, Anna McPherson said she had never seen so many groups interested in a home.
"I have been working for Yeppoon Real Estate for over 4 years, and 18 groups through an open home is a personal best,” she said.
Nestled at the end of a tightly-held cul-de-sac, there's no wonder the double-storey home caught so much interest with views of Lammermoor beach and a large block.
This was a positive sign for the upcoming open home season for sles specialist Adam Cook.
"Leading into Spring, open home numbers have dramatically increased and we are seeing an increase in multiple offer situations, resulting in above average sale prices for our sellers,” he said.
This popularity comes off the back of a 17.1 per cent surge in house sales in the Cooee Bay area, making it the best performing suburb on the Capricorn Coast.
Originally published as REVEALED: The hot property suburb surging ahead in sales
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