Sunshine Coast house prices spike 6% over three months

A “micro-trend” has emerged in the Sunshine Coast’s recent property data with a surprising increase in prices for some properties and areas. See how your suburb rates.

New PropTrack data reveals how house and unit prices have changed in the past three months. Pictured top left is REIQ Sunshine Coast zone chair Matt Diesel.

Units have become a popular choice for those wanting a sea-change at the Sunshine Coast with recent quarterly data revealing a surprising up-swing in prices.

Proptrack data recorded for 36 Sunshine Coast suburbs showed all but five suburbs experienced an increase in value for units in the last three months.

Unit prices in Sippy Downs, Buddina and Little Mountain grew more than five per cent, with the median price in Sippy Downs increasing by 5.67 per cent in the past three months.

A house for sale at 7 Maracas Bay Close, Yaroomba. Picture: Sotheby's International Realty.

McGrath Buderim real estate agent and REIQ Sunshine Coast zone chair Matt Diesel said units were a more affordable option particularly for sought-after locations on the Sunshine Coast.

He described the spike in median prices as a “micro-trend”.

“That’s a bit of an upswing,” he said.

“We expected it would have been a bit more stable than that but we are in the Spring time market.”

The most expensive suburb to buy a unit Noosa Heads, with a median price of $1,581,816 in the past three months.

The tourism hotspot’s unit prices increased 4.68 per cent compared to the September quarter last year.

A house for sale at 62 Seaview Terrace, Sunshine Beach. Picture: Tom Offermann Real Estate.

Meanwhile houses prices in Yaroomba and Caloundra experienced the highest increases with 6.14 per cent and 5.93 per cent respectively.

Peachester and Sunshine Beach were the only suburbs to have a decrease in price for a house at -0.97 per cent and -1.49 per cent respectively.

Sunshine Beach continues to be the most expensive suburb to buy a house with an average price of $2,849,736, a decrease within both the last three months and the past year.

Battery Hill was listed as the cheapest suburb to buy a unit, with a median price of $489,678 and Nambour for a house, at $664,812.

Median prices for Alexandra Headland units were $740,860, 7.25 per cent higher compared to the same time last year, making it the biggest annual spike recorded within the Sunshine Coast.

A unit for sale at 1/202 Main Road, Maroochydore. Picture: Code Property Group

Homes at Pacific Paradise experienced the biggest annual drop, down 7.39 per cent, with median house prices now at $770,179.

Surprisingly, Maroochydore was one of the five suburbs to record a price decrease for units in the past three months, down 1.35 per cent.

Mr Diesel said the price drop was unexpected for that suburb given its current and future infrastructure.

With Christmas and 2024 approaching, many people moving from the south try to settle into their new Sunshine Coast home in time for the new work and school year, Mr Diesel said.

Mr Diesel said he expected a stable market for the coming years prior to the anticipated spike before the 2032 Olympic Games.

Originally published as Sunshine Coast house prices spike 6% over three months