Housing Prices Sunshine Coast – 2024 Update

Sunshine Coast property prices have reached new heights in 2024, as median house prices rose above $1 million in the first quarter.

With economic growth, population increases, and a number of infrastructure projects on the go, the Sunshine Coast has been one of the top performing markets in Australia since 2020.

Key Takeaways

• The Sunshine Coast property market is thriving due to population growth and limited supply, leading to rising property values.
• The Sunshine Coast has experienced incredible growth, with median house prices up around 70% from 2020 according to data from the Queensland Government Statistician’s Office.  This makes the Sunshine Coast one of the fastest-growing property markets in Queensland, alongside others such as Brisbane and the Gold Coast.
• The Sunshine Coast is geographically large, with the Council area comprising over 2,000 square kilometers, and more than 40 suburbs. Only so much can be gleaned from overall averages in property prices, and attention should be paid to individual suburbs of interest as there is a big range in prices between areas.

Sunshine Coast Property Prices

The Sunshine Coast property market has seen significant price increases in recent years, with house values surpassing previous records due to rising demand and limited supply. Both house and unit prices have reached new record highs, reflecting the strong demand and limited supply in the market. According to the Queensland Government Statistician’s office, in the June 2024 quarter the median house price on the Sunshine Coast was approximately $1,060,000, while unit prices were around $745,000.

Suburb Specific

The Sunshine Coast offers a diverse range of opportunities, catering to various buyer preferences and budgets.

The higher end of the Sunshine Coast property market includes places like Sunshine Beach, with a median house price of close to $3 million.

Noosa Heads’ median house price is sitting at $2 million, with unit prices at $1.85 million.

Buderim has seen growth of 13% over the last twelve months, with a median house price of just over $1.2 million, and a median unit price of $670,000.

On the more affordable end of the scale, Nambour and Landsborough, both located inland, have median house prices around $750,000 and $860,000 respectively. Beerwah and Sippy Downs are also lower cost options, both with median house values hovering over $860,000 at the time of writing.

Navigating the Sunshine Coast Property Market

Identifying a clear investment strategy is crucial before buying property, and you should seek advice from a professional financial adviser.

Make sure you research thoroughly and gather all the information about the property market in the area in which you are looking to buy prior to making an offer. If you will require finance for the purchase, you should speak to your lender or mortgage broker to confirm your budget, and make your offer subject to finance, along with any other conditions you may require. We recommend that you have a pre-contract review prior to signing your sale contract to ensure your interests are protected, and that you have pre-approval in place before making an offer.

Buying Or Selling on the Sunshine Coast

If you haven’t bought or sold residential property in a while and need a refresher, you might find our conveyancing roadmap useful, as well as our detailed articles on making an offer, how deposits work, and understanding the basics of a contract of sale.

More Questions?

Our local conveyancing team on the Sunshine Coast have over 10,000 on-time property transactions and 550+ Google reviews under their belts, and are available to answer any questions you have about the buying and selling process.

Reach out to us today, or head over to our quote page to have a custom quote emailed to you.

This article is not legal or financial advice and is general information only. Data presented is as at the date of publication and is subject to change.