The month in review: Sunshine Coast
By Herron Todd White
May, 2010
On the Sunshine Coast, we have a broad section of
property types and values. Properties can range
anywhere between $100,000 for a small basic unit, to $10
million for a sprawling beachfront mansion. What we are
consistently being asked is, where is the most expensive
properties and the least expensive properties.
Most Expensive
The riverfront/beachfront areas of Noosa Heads and
Sunshine Beach are still considered to be the most
expensive areas on the Sunshine Coast. Even after the
impact of the global financial crisis has been experienced,
with declining values, the highest price properties of can
still be found here. In a funny way, the affordability within
these areas has improved significantly.
Properties usually typify beachfront/riverfront allotments,
comprising high quality contemporary style dwellings.
These areas have been established for in excess of 25
years. Subsequently some dwellings have been, or are in
the process of being redeveloped. The buyer profile tends
to be of mature couples with significant wealth with
these properties ranging anywhere between $5 million
to within the vicinity of $20 million.
Least Expensive
Nambour continues to be one of the least expensive
suburbs on the Sunshine Coast. It was previously the
main business hub on the Coast and continues to provide
some of the main services, including Nambour Hospital
and the council chambers. With the raising of interest
rates, affordability has declined slightly, however you still
do get a lot of bang for your buck.
Property types in the area can range from early 1900
cottages through to modern slab on ground dwellings.
Values can range between $280,000 through to $350,000,
and given the services within the area, good rental
returns can be achieved. The older style dwellings are
progressively being renovated with the area generally
undergoing gentrification. Buyer profile usually consists
of first home-buyers and young families.
An honorable mention for one of the least expensive
areas is the older, western pocket of Wurtulla. This area
is reasonably close to beachside locations as well as the
future hospital site. Dwellings usually comprise of 20-
year-old plus slab on ground properties and can range
between $330,000 through to $370,000. This area has
also started to go through a period of gentrification.
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