Sunshine Coast real estate: Minyama, Buddina named as high growth areas

A Sunshine Coast real estate agency has revealed two areas that have become the “most prized playgrounds” with buyers being urged to get in quick.

A Sunshine Coast real estate agency has spruiked two suburbs in the region as high growth areas following a booming $100m year for their firm.

ELITE LifeStyle Properties recorded more than $100m in home sales in 2021 and have levelled most of their success to areas such as Buddina and Minyama.

Director Jordan Lund said the year had finished strongly with $22m in sales recorded in December alone, which was one of their best months in 10 years.

Mr Lund said some luxury properties that have sold this year included 16 Pacific Boulevard, Buddina, for $3.5m and 3 Mooloolah Island Minyama for $3.9m.

He said individual sales records continue to be set and broken in the 4575 postcode.

“Once home to surfers and retirees, suburbs like Minyama and Buddina are now among the Sunshine Coast’s most prized playgrounds for prestige buyers,” Mr Lund said.

“Minyama’s median house price has seen 38.06 per cent growth in the past 12 months, with Minyama’s median house price now sitting at $1.95m.”

He said he was not surprised by the rapid increase in property values and predicted the Sunshine Coast “still had plenty of growth potential”.

“This compares with Buddina’s median house price jumping 35.87 per cent over the same period, and the suburb’s median house price now sitting at $1.3m,” Mr Lund said.

As a Buddina resident himself, Mr Lund expanded the agency by opening a new office at 4/8 Point Cartwright Drive due to the area’s success.

The agency also has its original office along Nicklin Way in Minyama.

“We will virtually be working through the Christmas and New Year period, which will certainly be anything but a holiday for some of our staff,” Mr Lund said.

“With the strong Sunshine Coast market especially in Minyama, Buddina and the coastal fringes, it’s the perfect time to continue to grow the business.

“We’ve put on six extra staff, and now have two great locations to market our beachfront and waterfront properties.

“Our agents have sold six properties in Buddina in the past eight weeks, worth a combined total of about $15m.”

Mr Lund said rentals in Minyama and Buddina had also increased with the median rental for Buddina being $560 per week and Minyama $780 per week.

“Our rentals team currently have a zero-vacancy rate, with rental properties being tenanted very quickly – averaging four days on market,” he said.

Meanwhile, suburbs north of the Maroochy River have dominated a top 10 list of Sunshine Coast suburbs where median house prices have increased the most. Maroochy River, Coorooibah and Warana all increased by more than 50 per cent in the past 12 months.

Mudjimba, Pacific Paradise and Twin Waters have surged, along with more mainstream markets like Mooloolaba, Coolum and Noosa.

Agents appear to be divided as to whether the Sunshine Coast property boom can continue well into 2022 with some arguing that price growth with begin to plateau while others are more buoyant.

Agents themselves have been buying up Coast properties as well, choosing growth suburbs like Buderim, Bli Bli, Battery Hill, Maroochydore and Sunshine Beach to name a few.