{"id":40861,"date":"2022-11-11T08:13:41","date_gmt":"2022-11-10T19:13:41","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=40861"},"modified":"2022-11-11T08:13:41","modified_gmt":"2022-11-10T19:13:41","slug":"stunning-holiday-hotspots-where-house-prices-have-doubled-in-five-years","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/stunning-holiday-hotspots-where-house-prices-have-doubled-in-five-years\/","title":{"rendered":"Stunning holiday hotspots where house prices have doubled in five years"},"content":{"rendered":"<p><strong>PHOTO: Baywatch bathers. Surf\u2019s up for Elyse Knowles. ESCAPE.COM.AU<\/strong><\/p>\n<section class=\"_1Rw6X\" data-testid=\"article-body-top\">\n<div class=\"_1ysFk\" data-testid=\"article-body\">\n<div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>Property prices in a string of popular coastal and country towns have more than doubled over the past five years, new data shows, pushed sky-high by the pandemic sea-change trend.<\/p>\n<p>But these huge price rises are not likely to happen so fast again, as the unique market conditions caused by COVID-19 are unlikely to be repeated, experts say.<\/p>\n<figure class=\"_3ujPS _3x3-4 RMwbY _2XZQH\" data-testid=\"image\">\n<div class=\"_1lwW_\" tabindex=\"0\" role=\"button\" aria-label=\"enlarge image\"><picture class=\"\"><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.494%2C$multiply_0.9788%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/157a3338e9967b20e327179a858278078594b79e, https:\/\/static.ffx.io\/images\/$zoom_0.494%2C$multiply_1.9577%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/157a3338e9967b20e327179a858278078594b79e 2x\" media=\"(min-width: 1024px)\" \/><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.494%2C$multiply_1.0159%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/157a3338e9967b20e327179a858278078594b79e, https:\/\/static.ffx.io\/images\/$zoom_0.494%2C$multiply_2.0317%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/157a3338e9967b20e327179a858278078594b79e 2x\" media=\"(min-width: 768px)\" \/><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/static.ffx.io\/images\/$zoom_0.494%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/157a3338e9967b20e327179a858278078594b79e\" srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.494%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/157a3338e9967b20e327179a858278078594b79e, https:\/\/static.ffx.io\/images\/$zoom_0.494%2C$multiply_1.545%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/157a3338e9967b20e327179a858278078594b79e 2x\" alt=\"Coastal hotspots doubled in price in five years.\" width=\"584\" height=\"390\" \/><\/picture><\/div><figcaption class=\"_3CZmy\"><em><strong><span class=\"_2Li3P\">Coastal hotspots doubled in price in five years.<\/span><cite class=\"ojLwA\"><span class=\"_30ROC\">CREDIT: <\/span>SUNSHINE BEACH REAL ESTATE<\/cite><\/strong><\/em><\/p>\n<\/figcaption><\/figure>\n<p>The biggest jump in house prices over the past five years was in\u00a0Sunshine Beach, in Noosa, up by 209.5 per cent to a median of $3.25 million.<\/p>\n<p>House prices also soared in nearby Sunrise Beach, by 152.9 per cent to $1.77 million, and Noosa Heads, up 152.1 per cent to $2,212,500.<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/gold-coast-among-worlds-elite-but-australias-prestige-property-markets-slipping\/\"><img decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/07\/Gold-Coast-460x270.jpg\" alt=\"Gold Coast housing\" width=\"460\" height=\"270\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2021\/07\/Gold-Coast-460x270.jpg\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/gold-coast-among-worlds-elite-but-australias-prestige-property-markets-slipping\/\" rel=\"bookmark\">Gold Coast among world\u2019s elite but Australia\u2019s prestige property markets slipping<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>In NSW, the biggest price jump was in Jindabyne, in the Snowy Mountains, where unit prices rose 181.7 per cent to a median $800,000.<\/p>\n<p>It was followed by lockdown escapes on the NSW north coast, including Kingscliff, up by 135.7 per cent to a median house price of $1.85 million, and Casuarina, up 133 per cent to $2.05 million.<\/p>\n<p>In Victoria, house prices in Gippsland\u2019s Venus Bay rocketed by 158.6 per cent to a comparatively affordable $675,000 median. The popular tree-change town of Bright jumped by 146.4 per cent to $1,195,000 and Anglesea, on the Surf Coast, soared by 140.4 per cent to $1,725,000.<\/p>\n<div class=\"_6ebFV noPrint\">\n<div class=\"\"><iframe class=\"_16-Dw AkZ3C lazyload\" title=\"Embedded iFrame\" data-src=\"https:\/\/datawrapper.dwcdn.net\/iB6iI\/1\/\" height=\"759\" frameborder=\"0\" data-testid=\"embed-iframe\" data-mce-fragment=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/div>\n<\/div>\n<p>Domain chief of research and economics Dr Nicola Powell said such extreme price rises had been fuelled by COVID, as buyers rushed to escape cities in multiple lockdowns in 2020 and 2021.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section class=\"vPaWe\" data-testid=\"article-body-bottom\">\n<div class=\"_1ysFk\">\n<div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>Record-low interest rates had encouraged buyers to find their ultimate lifestyle home, though this had started to change as the\u00a0Reserve Bank lifted rates\u00a0this year.<\/p>\n<p>\u201cI do think that the COVID boom is the unicorn of property cycles \u2013 it really happened so quickly,\u201d Powell said. \u201cI don\u2019t think we\u2019ll ever see this again, especially as prices moved upwards with such speed.\u201d<\/p>\n<div id=\"dg-listing-details-2017841753\" class=\"_3ok3H\">\n<div id=\"shadow-dg-listing-details-2017841753\">\n<div data-testid=\"listing-details\">\n<div class=\"dg-1fkoyqv\" data-testid=\"property-driver-inline-listing\">\n<div>\n<div class=\"dg-p3w4kj\"><\/div>\n<p><img decoding=\"async\" class=\"dg-1nta9tq\" src=\"https:\/\/rimh2.domainstatic.com.au\/sVyhVPVDrjRD2tIS3H8LQp1Lng0=\/800x400\/filters:format(jpeg):quality(80):no_upscale()\/2017841753_6_1_220601_011446-w1621-h1080\" alt=\"8 Maher Terrace, Sunshine Beach QLD 4567\" \/><\/p>\n<div id=\"domain-logo-wrapper\" class=\"domain-logo__wrapper\"><\/div>\n<\/div>\n<div class=\"dg-5d4p6l\">\n<div class=\"dg-5az9ah\">\n<div class=\"dg-19idom\">\n<div class=\"dg-10wbc1l\"><strong>Offers Over $4M<\/strong><\/div>\n<div class=\"dg-1508cqj\"><strong>8 Maher Terrace<span class=\"dg-6271ab\">,\u00a0<\/span>Sunshine Beach QLD 4567<\/strong><\/div>\n<\/div>\n<div class=\"dg-ax1oxk\">\n<div class=\"dg-zxmdhb\" data-testid=\"property-features\">\n<div class=\"dg-18biwo\" data-testid=\"property-features-wrapper\"><strong><span class=\"dg-1ie6g1l\" data-testid=\"property-features-feature\"><span class=\"dg-lvv8is\" data-testid=\"property-features-text-container\">5<span class=\"dg-9fxapx\" data-testid=\"property-features-text\">Beds<\/span><\/span><\/span><span class=\"dg-1ie6g1l\" data-testid=\"property-features-feature\"><span class=\"dg-lvv8is\" data-testid=\"property-features-text-container\">3<span class=\"dg-9fxapx\" data-testid=\"property-features-text\">Baths<\/span><\/span><\/span><span class=\"dg-1ie6g1l\" data-testid=\"property-features-feature\"><span class=\"dg-lvv8is\" data-testid=\"property-features-text-container\">2<span class=\"dg-9fxapx\" data-testid=\"property-features-text\">Parking<\/span><\/span><\/span><\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"dg-149lmzc\"><button class=\"dg-a9nuvw\" type=\"button\">View property<\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Agents in these popular coastal and country areas said the market had slowed since the rush of 2020 and 2021, but that properties were still selling.<\/p>\n<p>Richardson and Wrench Noosa selling agent Rick Daniel said interstate buyers looking to escape the COVID-19 pandemic rushed to the Sunshine Coast to buy either a holiday home, or a permanent one.<\/p>\n<\/div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>Wealthy buyers moving from Sydney and Melbourne landed in Sunshine Beach, while families were more likely to have made their home at Sunrise Beach, he said.<\/p>\n<p>\u201cIt was sort of like COVID put the spotlight on Noosa in particular,\u201d he said. \u201cA lot of people who were interstate and holidayed here thought if this ever happens again, we want to be out of Victoria [or NSW].\u201d<\/p>\n<p>This year, the market had slowed from its run of quick sales, though homes and units were still selling as investors returned to the market.<\/p>\n<figure class=\"_3ujPS _3x3-4 RMwbY _2XZQH\" data-testid=\"image\">\n<div class=\"_1lwW_\" tabindex=\"0\" role=\"button\" aria-label=\"enlarge image\"><picture class=\"\"><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.21%2C$multiply_0.9788%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/2b8be93ccd76398bbeba1b031c4654de72a44703, https:\/\/static.ffx.io\/images\/$zoom_0.21%2C$multiply_1.9577%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/2b8be93ccd76398bbeba1b031c4654de72a44703 2x\" media=\"(min-width: 1024px)\" \/><source srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.21%2C$multiply_1.0159%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/2b8be93ccd76398bbeba1b031c4654de72a44703, https:\/\/static.ffx.io\/images\/$zoom_0.21%2C$multiply_2.0317%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/2b8be93ccd76398bbeba1b031c4654de72a44703 2x\" media=\"(min-width: 768px)\" \/><img decoding=\"async\" src=\"https:\/\/static.ffx.io\/images\/$zoom_0.21%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/2b8be93ccd76398bbeba1b031c4654de72a44703\" srcset=\"https:\/\/static.ffx.io\/images\/$zoom_0.21%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/2b8be93ccd76398bbeba1b031c4654de72a44703, https:\/\/static.ffx.io\/images\/$zoom_0.21%2C$multiply_1.545%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_62%2Cf_auto\/2b8be93ccd76398bbeba1b031c4654de72a44703 2x\" alt=\"Jindabyne\u2019s unit prices have more than doubled since 2018, new data shows.\" width=\"584\" height=\"390\" \/><\/picture><\/div><figcaption class=\"_3CZmy\"><em><strong><span class=\"_2Li3P\">Jindabyne\u2019s unit prices have more than doubled since 2018, new data shows.<\/span><cite class=\"ojLwA\"><span class=\"_30ROC\">CREDIT: <\/span>ALEX ELLINGHAUSEN<\/cite><\/strong><\/em><\/p>\n<\/figcaption><\/figure>\n<p>In Jindabyne, Forbes Stynes Real Estate\u2019s Toni Wheelhouse agreed that one of the biggest drivers for sales in the past five years had been city dwellers\u2019 desire to move away during COVID.<\/p>\n<\/div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>\u201cIt\u2019s relatively close to Sydney and Canberra, so we had buyers from there. It was amazing,\u201d Wheelhouse said. \u201cWe all thought it was going to go the other way [with property prices falling] but they just skyrocketed.\u201d<\/p>\n<p>Wheelhouse said the market had changed since interest rates started to rise in May, and properties had been taking longer to sell.<\/p>\n<p>\u201cIt\u2019s reflective of what\u2019s happening across NSW,\u201d she said.<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/dua-lipa-finally-wins-mega-basement-battle-at-london-mansion-but-theres-a-catch-watch\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/11\/DUA-LIPA-2-460x270.jpg\" alt=\"\" width=\"460\" height=\"270\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/11\/DUA-LIPA-2-460x270.jpg\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/dua-lipa-finally-wins-mega-basement-battle-at-london-mansion-but-theres-a-catch-watch\/\" rel=\"bookmark\">Dua Lipa finally wins mega-basement battle at London mansion \u2013 but there\u2019s a catch | WATCH<\/a><\/h2>\n<\/header>\n<\/div>\n<p>Seaside suburbs have been popular in Victoria, and the popularity of Anglesea reflected its more affordable house prices compared to the Mornington Peninsula, McCartney Real Estate director Tim Carson said.<\/p>\n<\/div>\n<div class=\"_1665V _2q-Vk\" data-testid=\"body-content\">\n<p>A typical house in Anglesea sold for $1,725,000 over the past year, compared to Sorrento\u2019s median house price of $2.51 million. The top end of the Sorrento market\u00a0reaches as high as $30 million.<\/p>\n<p>Buyers from Melbourne and elsewhere in Victoria snapped up properties during the lockdowns, along with Sydney-based buyers originally from the area and returning home.<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/are-nfts-the-future-of-real-estate\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/11\/non-fungible-tokens-460x270.jpg\" alt=\"non-fungible tokens\" width=\"460\" height=\"270\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/11\/non-fungible-tokens-460x270.jpg\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/are-nfts-the-future-of-real-estate\/\" rel=\"bookmark\">Are NFTs the future of real estate?<\/a><\/h2>\n<\/header>\n<\/div>\n<p>\u201cBeachfront homes are still selling quite well, but there are some longer days on market,\u201d he said.<\/p>\n<p>Carson was confident that prices would remain buoyant despite the downturn, as interest rates rise.<\/p>\n<p>\u201cThe affordability of this market, compared to the Mornington Peninsula, means it really still is undervalued,\u201d he said.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<p>READ MORE VIA <a href=\"https:\/\/www.brisbanetimes.com.au\/property\/news\/stunning-holiday-hotspots-where-house-prices-have-doubled-in-five-years-20221109-p5bwuk.html?ref=rss&amp;utm_medium=rss&amp;utm_source=rss_feed\">BRISBANE TIMES\/DOMAIN<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR IN NEW ZEALAND<\/span><\/h3>\n<ul class=\"wpp-list wpp-list-with-thumbnails\">\n<li><a href=\"https:\/\/www.propertynoise.co.nz\/companies-linked-to-property-queen-go-into-liquidation\/\" target=\"_self\" rel=\"noopener\"><img decoding=\"async\" class=\"wpp-thumbnail wpp_featured wpp_cached_thumb lazyload\" data-src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_75,h_75\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96872-featured-75x75.jpg\" data-srcset=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96872-featured-75x75.jpg, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96872-featured-75x75@1.5x.jpg 1.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96872-featured-75x75@2x.jpg 2x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96872-featured-75x75@2.5x.jpg 2.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/96872-featured-75x75@3x.jpg 3x\" alt=\"Nikki Connors\" width=\"75\" height=\"75\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 75px; 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--smush-placeholder-aspect-ratio: 75\/75;\" \/><\/a><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/waiheke-island-vineyard-hosts-british-pop-star-watch\/\" target=\"_self\" rel=\"noopener\">Waiheke Island vineyard hosts British pop star | WATCH<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Baywatch bathers. Surf\u2019s up for Elyse Knowles. ESCAPE.COM.AU Property<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/stunning-holiday-hotspots-where-house-prices-have-doubled-in-five-years\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":40863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478103079,478101107,478108243,478123487,478123490,478101225,478098574,478123486,478098873,478098579,478098510,478098514,478123489,478123488,478098998],"class_list":["entry","author-data123nz","post-40861","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-holiday-homes","tag-holiday-hotspots","tag-holiday-houses","tag-jindabyne","tag-mccartney-real-estate","tag-mornington-peninsula","tag-noosa","tag-popular-coastal-and-country-towns","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-richardson-and-wrench-noosa","tag-snowy-mountains","tag-sunshine-beach"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stunning holiday hotspots where house prices have doubled in five years - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/stunning-holiday-hotspots-where-house-prices-have-doubled-in-five-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stunning holiday hotspots where house prices have doubled in five years - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Baywatch bathers. Surf\u2019s up for Elyse Knowles. 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