Prime investment hotspot status reaffirmed for Coast

The Sunshine Coast’s property market has reaffirmed its status as one of the prime spots in Australia for investment.

The Sunshine Coast property market has enjoyed steady growth, a new report has shown.

THE Sunshine Coast’s property market has reaffirmed its status as one of the prime spots in Australia for investment with more “steady” growth, a report has revealed.

The latest Real Estate Institute of Queensland’s first three-month report showed Noosa was the most expensive market in the state.

REIQ CEO Antonia Mercorella said the region overall had achieved 2.5 per cent growth for the year.

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“With a local economy that’s remained relatively buoyant, backed by strong population and job growth along with ample investment in large infrastructure projects, the Coast’s housing market remained on a steady growth trajectory over the first quarter,” Ms Mercorella said.

“Noosa has clearly seen the biggest market gains in the greater region when you consider it’s ushered in a record median house price of $800,000 on the back of five-year’s growth of 44.1 per cent, making it the most expensive housing market in Queensland.

“And it should come as no surprise that Noosa also had the most expensive units in the state as well, which climbed 8.7 per cent to a median price of $625,000 over the past 12 months.”

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