Where to find a bargain home for $550k or less

We found the Sunshine Coast’s top 15 suburbs where you can find a home for less than $550,000. Does your suburb make our map?

This property at 323 Nambour Mapleton Rd, Burnside, is currently on the market for offers of more than $429,000.

The homework has been done for house hunters looking for great value with new data revealing the Sunshine Coast's top 15 most affordable suburbs.

Analysis from realestate.com.au market trends for the past 12 months has revealed the Sunshine Coast suburbs where you can find a home for $550,000 or less.

The suburbs within the 4560 postcode of Nambour, Burnside and Coes Creek, were the cheapest areas for affordable property.

Nambour had 157 sales at an average price of $420,000 and had 3.2 per cent growth in past 12 months.

Cooran, Caloundra West, Beerwah, Landsborough, Yandina, Glass House Mountains, Pacific Paradise, Kuluin, Woombye, Meridan Plains, Bells Creek and Sippy Downs all rounded out the list for average prices below $550,000.

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This property at 7 Bartlett St, Nambour, is currently on the market for offers of more than $445,000.

Burns Property principal Mike Burns said the "lovely" suburbs tucked away within the 4560 postcode provided great opportunity for "bang for your buck" sales.

"Some of those areas are not well known, tucked away around Nambour and all lovely areas," Mr Burns said.

"You can get beautiful older homes, well established, perhaps with dated kitchens or bathrooms, but with great proximity to schools and shopping.

"When blocks of land are released for more than $350,000 in some estates, that's a lot of money.

"People can easily stretch their budget."

Mr Burns said the 4560 suburbs were popular among first home buyers or young families.

"If you want a bit more space, that's the attraction," he said.

"And so leafy and nice too.

"People always tell me it's like Buderim was 40 years ago."

 

Stewart Property's Vicki Stewart at the office in Mooloolaba Photo Erle Levey

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Coast agent of 32 years, Vicki Stewart, said Nambour and surrounding suburbs had always been an area to find more affordable homes.

The principal of Mooloolaba-based Stewart Property and former winner of the REIQ agent of the year said the 4560 postcode had always been a popular area for first home buyers.

"We always veer people out there in the $400,000 mark but it is becoming tighter," Ms Stewart said.

"Every now and then you get a cheaper, well-sized block and quality land available.

"But it's becoming harder and harder."

Ms Stewart's advice to buyers was to sit back and wait a few months.

"Personally I think we will see a number of people put their homes on the market come September when the government support stops," she said.

"I know it will be suspended but not for everyone.

"I think there will be a rush, particularly when people have put their mortgage repayments on hold and have to start them again."

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