ANALYSIS ON COMMERCIAL REAL ESTATE OF SUNSHINE COAST
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Suburb Median Sale<br />
Price<br />
Rise in<br />
Median<br />
Price (%)<br />
BUDDINA $750,000 18.9%<br />
FOREST GLEN $642,500 16.8%<br />
MERIDAN $525,000 14.2%<br />
PLAINS<br />
NOOSA HEADS $895,000 13.7%<br />
WARANA $650,000 12.9%<br />
M<strong>OF</strong>FAT BEACH $747,500 12.8%<br />
MOOLOOLAH $510,00 12.7%<br />
VALLEY<br />
0<br />
MARCOOLA $585,000 12.5%<br />
COOLUM BEACH $625,000 12.2%<br />
GOLDEN BEACH $570,000 12.2%<br />
COORAN $397,000 11.8%<br />
BATTERY HILL $520,000 11.5%<br />
DO<strong>ON</strong>AN $785,000 10.6%<br />
<strong>SUNSHINE</strong><br />
BEACH<br />
$1,160,000 10.0%<br />
How are Queensland prices expected to<br />
change in 2017<br />
Looking ahead, John McLeod, who sells<br />
property in and around Bulimba for the<br />
Harcourts group, believes property prices in<br />
Brisbane will stay fairly stagnant. “Growth will<br />
be steady for houses… If I was an investor, I’d<br />
be buying houses and land packages on a lower<br />
return, but on better capital growth. When it<br />
comes to selling an investment property, I have<br />
always found that property within the 10km<br />
radius to the Brisbane city centre holds its value<br />
very well.<br />
Suburb in this radius also includes Fortitude<br />
Valley and New Farm.<br />
Christopher also believes houses will<br />
outperform units in Brisbane in 2017. With the<br />
pickup in employment levels, he says Brisbane’s<br />
market could improve although the surplus in<br />
units may keep a lid on the rest of the market.<br />
The Gold Coast<br />
He says the Gold Coast will continue to<br />
outperform the Sunshine Coast for the year<br />
ahead, and that both areas will outperform<br />
Brisbane.<br />
The Australian Housing Outlook 2016–2019<br />
forecasts further (although more moderate)<br />
price growth of around 8 per cent over the<br />
three years to June 2019 for the Gold Coast as<br />
new dwelling construction rises from long-term<br />
lows. That said, the unit price growth may be<br />
dampened by the 1,200 apartments that will<br />
eventually find their way onto the market after<br />
the Commonwealth Games in 2018.<br />
The Sunshine Coast<br />
The Sunshine Coast also looks promising. The<br />
BIS Shrapnel/QBE report says it is expected to<br />
benefit from its relatively better affordability<br />
compared to Melbourne, Brisbane and Sydney,<br />
attracting empty nesters and retirees from<br />
these cities. It forecasts that median house<br />
price will grow an aggregate 7 per cent in the<br />
three years to June 2019, to $575,000.<br />
“The rate of price growth is expected to<br />
progressively slow in this period in line with<br />
slowing price growth in Sydney and<br />
Melbourne,” it says.<br />
Townsville<br />
It adds that Townsville’s median prices are likely<br />
to continue to decline until local economic<br />
conditions improve – most likely towards the