Sun sand and surging real estate — Sunshine Coast leads the way for growth

first_imgMore from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoThe Mackay market has had a tough time.“It’s been a bit of a hangover from the mining and resource sector and tourism not going that strong.”In Brisbane the sluggish growth continued over the month, with a dwelling value increase of just 0.2 per cent, but there was some good news for unit owners in the capital.Despite plenty of fears of a “unit glut” across Brisbane, unit dwelling values grew up 0.6 per cent in Brisbane over the month.“The unit market has actually done better than detached houses,” Mr Kusher said. Although the new unit market had been relatively weak, he said it looked like the growth was coming from established units.Overall he said Brisbane should expect slow and steady growth over the coming months. HOME BUILT BY BRISBANE VISIONARY TO BE SOLD MOVING FORWARD: Brisbane is growing slowly, but it is outperforming Sydney and Melbourne.Melbourne home values dropped by 0.5 per cent over the month and in Sydney the fall was smaller at 0.2 per cent.Although lending restriction are having an impact in Melbourne and Sydney, Mr Kusher said this was less of an issue in Brisbane.“It is probably having an impact in Sydney and Melbourne where the cost of housing is significantly greater than anywhere else and people are borrowing larger amounts,” he said. PARTY LIKE IT’S 1969 IN THIS ‘OLD-WEST’ STYLE CABIN IN THE WOODS Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 7:28Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -7:28 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p480p480p256p256p228p228pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenPrestige property with Liz Tilley07:29 QUEENSLAND’S MVP: The Sunny Coast is leading the state when it comes to growth in the real estate market.THE Queensland real estate market continues 2018 with sluggish growth, but the Sunshine Coast proved to be the brightest spark in the state.The May CoreLogic Home Values Index results showed that the tourism hotspot to the north of Brisbane was leading the state when it came to growth.Dwelling values in the Sunshine Coast had grown by 5.8 per cent over the last 12 months. RICH SUBURBS SHUN GREEN POWER center_img The Sunshine Coast market was the strongest in the state.The growth was well above Brisbane, which had a dwelling value increase of just 0.9 per cent over the year. CoreLogic’s head of research for Australia Cameron Kusher said regional Queensland had very mixed results at the moment, with some markets booming and some faltering. He pointed to the Mackay-Isaac-Whitsunday area where dwelling values dropped by 10.6 per cent over the same period. “That area was the weakest in the country over the last 12 months,” Mr Kusher said. WESTPAC PREDICTS TOUGH TWO YEARS last_img

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