Market Update 

May 2022

A little update on what we're seeing and expecting in the Sunshine Coast marketplace.

Whilst we don't have a crystal ball, we are heavily involved in the property market and subscribe to a lot of webinars, property reports, economist and are local real estate experts. Based on all the information we continuously gather and the collaboration with other agents, this is what we are seeing on the Sunshine Coast:

• We consider our market to be transitioning away from what we saw at the end of the pandemic. Due to the FOMO (fear of missing out) from buyers, interstate activity and a desire to be here, the demand and supply was very very strong. Whilst we are still seeing great numbers, the number of buyer enquiries and foot traffic in open homes has slightly softened.

• We are still achieving great numbers, and the numbers of enquiries from genuine, qualified buyers through realestate.com.au remains large. 

• An interesting, refreshing trend to point out is that our buyers all seem ready to go - they have their finances prequalified and approved, and are ready to make offers.

• The Sunshine Coast has been growing at a higher rate than the national average of 23%, with the Sunshine Coast having an average growth of 32% in a year. This staggering increase cannot continue with the same percentages, however we do have confidence that the Sunshine Coast remains such a desirable place to live, so we expect positive trends in terms of the growth rate. 

If you have any questions about what the current market looks like, or if you are thinking of buying or selling, we'd love to help. Please contact Ross Bauer directly here.

Are you interested in what the market and house prices have been doing this past year in your local Sunshine Coast suburb? Simply click on the following links to download completely FREE Suburb Profile Reports.