Why Golden Beach house prices have grown by six per cent year on year

A Sunshine Coast suburb that’s traditionally been overlooked for blue chip rivals has quietly increased in value by six per cent year on year and is now the country’s star performer.

A Sunshine Coast suburb that’s traditionally been overlooked has quietly transformed into a star performer on the back of rejuvenated shops and trendy cafes.

The Spring Price Predictor Index, compiled by Hotspotting.com.au has named Golden Beach as Australia’s most outstanding consistent suburb.

The report showed Golden Beach had recorded more than 50 sales every quarter for the past four years and its median house price had increased by six per cent every year for the past decade.

Golden Beach had a median house price of $710,000 and $540,000 for units.

The report said Golden Beach house prices had increased by 17 per cent in the past 12 months and 24 per cent for units.

New Sunshine Coast couple Ben Wagner-Jordan and Zoe Kay recently purchased a home in Golden Beach. Picture: Supplied

Remax Caloundra property consultant Andrew Hasker said Golden Beach had undergone a huge change in recent years.

“It’s a great spot, flat and level, very walkable and the new cafes, shops and restaurants have regenerated the suburb,” Mr Hasker said.

“There’s still a good amount of old stock still out there.”

Ben Wagner-Jordan, 28, and his partner Zoe Kay, 23, purchased a home on Coronation Avenue for $915,000 through Mr Hasker.

The couple had been living in Brisbane, however, Mr Wagner-Jordan had long desired to return to his Caloundra roots.

“The biggest thing for us in the property was its proximity to water, our goal was to get back to the beach,” Mr Wagner-Jordan said.

“We were initially looking in Currimundi, Wurtulla but couldn’t get in. And we saw this come up.

“It’s nice and close to the shops, cafes and water. We can walk to everything which was the biggest selling point.”

He said the couple planned to renovate the two-storey, four-bedroom home.

Andrew Allen purchased a sought-after home in Golden Beach in January which had created a swarm of interest.

Andrew Allen and his young family beat a bunch of rival buyers to snap up 132 Westminster Ave, Golden Beach in January. Pictured with partner Avril Wilkes and children Neave, 3, Josie, 5 and Grace, 8. Picture: Patrick Woods.

Ray White Golden Beach sales consultant Ray Daniels said the suburb had experienced pent up demand in recent years.

“Anything that’s available doesn’t last long at all,” Mr Daniels said.

“It’s a very flat suburb, good for kids.

“I know Golden Beach has traditionally been overlooked. Buyers who get priced out of the likes of Moffat and Dicky Beach come down and go ‘crikey’.

“As a suburb it’s going up and up.”

The report named the Sunshine Coast as the “undoubted star” for price growth in regional Queensland.

In the past 12 months Sunrise Beach increased by 37 per cent, Minyama by 29 per cent while Coolum Beach, Wurtulla, Woombye, Twin Waters, Maleny, Mount Coolum, Mudjimba and Noosaville all increased between 20-22 per cent.