beach house on dune
Source: Pixabay
  • The number of available properties for sale and rent at 10 year lows.
  • Vacancy rate at 0.4%, lowest in more than 15 years.
  • Strong sales driven by local buyers, not interstate.
  • Median weekly rent for three-bedroom house up 6.5% to $490 p/wk.
  • Median weekly rent for two-bedroom unit up 8% to $410 p/wk.

The sunshine is in short supply, with sales at a 10 year low on the Sunshine Coast.

Fewer properties have been listed for sale, with local buyers driving the market.

Image Property’s Matt Nickerson said in a statement:

“Local buyers are out in force, competing strongly for the few listings available.”

Though interstate buyers are in the market, Mr Nickerson said the outside interest is, “motivating local buyers to make their move sooner rather than later.”

The all-time low interest rates are also driving the number of buyers keen to close on the coast, but strong demand is leading to significantly higher prices.

Renters-to-be are also finding it tough, with occupancy rates at a 15 year low of 0.4%.

Undersupply in the Sunshine Coast rental market is also driving prices up:

“According the Residential Tenancies Authority, the median weekly rent for a three-bedroom house on the Sunshine Coast is up 6.5%.”

A two-bedroom unit is also up, costing almost 8% more in weekly rent.

The supply issue was not triggered by the pandemic, Mr Nickerson said:

“… the coast rental market was undersupplied long before the pandemic, partly because of our strong local economy and major infrastructure program.”

With a coastal cottage costing more, The Sunshine Coast certainly seems the place to be.


Before making any investment decisions, please do your own independent research, taking into account your own situation. This article does not purport to provide financial or investment advice. See our Terms of Use.

You May Also Like

The essential property drivers that demand attention in 2024

2024 will be a significant year for property markets, but buyers must be alert to particular factors.

New laws attract overseas investors for build-to-rent housing

Laws lowered to incentivise foreign build-to-rent deals, growing Australia’s rental stock.

Japanese capital dominates Australian property investment

Japanese investment surged to over $2 billion as top Australia offshore buyers in 2023.

Australian property investing: Know when to hold them, know when to fold them

There are a wide range of factors to consider.

Top Articles

PropertyGuru Asia Property Awards (Australia) returns for its 7th edition, including several brand new award ...

This year's awards include several brand new categories, with entries closing 2 August 2024.

Thinking of borrowing for a new home? We decode the home loan lingo and explore ...

We take a look at everything from principal and interest to rates and more.

A window of opportunity could be open for savvy Australian property investors, but time is ...

One expert has noticed investors are on the move while there's less competition and fewer buyers in the marketplace.