{"id":28766,"date":"2020-11-03T13:34:25","date_gmt":"2020-11-03T00:34:25","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=28766"},"modified":"2020-11-03T13:34:25","modified_gmt":"2020-11-03T00:34:25","slug":"sunshine-coast-gold-coast-house-prices-soar-by-up-to-25-per-cent-amid-health-crisis","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/sunshine-coast-gold-coast-house-prices-soar-by-up-to-25-per-cent-amid-health-crisis\/","title":{"rendered":"Sunshine Coast, Gold Coast house prices soar by up to 25 per cent amid health crisis"},"content":{"rendered":"

PHOTO: Gold Coast. FILE<\/strong><\/p>\n

The global health crisis has spawned a once-in-two-decade property boom along the south-east Queensland coast with median house prices soaring to record heights as buyers flee the nation\u2019s capitals in search of a bit of beach bliss.<\/p>\n

Key hotspots across the Sunshine Coast<\/a> and Gold Coast have seen price hikes of up to 25 per cent, fuelled by low interest rates and the promise of a laidback lifestyle free of pandemic pain.<\/p>\n

The two south-east Queensland coastal regions far outstripped Brisbane, with Surfers Paradise<\/a> house prices rising a whopping 25.5 per cent over the past year to a median of $1.6 million,\u00a0Domain\u2019s House Price Report<\/em>\u00a0for the September quarter found.<\/p>\n

House prices in the central Gold Coast suburb of Miami also surged by 21.8 per cent in the year leading up to September, bringing the median price to $835,000.<\/p>\n

On the Sunshine Coast, it was buyer hotspot Sunshine Beach that stole the limelight after house prices rose a colossal 46.5 per cent over the past year to reach a record median of $1.8 million \u2013 almost double what it was five years ago.<\/p>\n

Domain senior research analyst Nicola Powell said buyers were increasingly being attracted by south-east Queensland\u2019s affordability and lifestyle and this was likely to be accelerated by the current health crisis.<\/p>\n

She said prices in the region reached new highs with houses on the Gold Coast overall increasing 0.6 per cent over the quarter to $669,000 and Sunshine Coast houses increasing 1.6 per cent to $650,000.<\/p>\n

\u201cGold Coast units increased 1.2 per cent and units on the Sunshine Coast held steady, both at $435,000. This is a high for units on the Sunshine Coast, while Gold Coast units are back to the peak of mid-2018,\u201d Dr Powell said.<\/p>\n

\"187-191
187-191 Hedges Avenue, Mermaid Beach, sold recently for $22.6 million to a local buyer. Photo: Supplied<\/strong><\/em><\/figcaption><\/figure>\n

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