Independent and FREE - the way it should be

Sunshine Coast property market predictions for 2021

Your news, independent and FREE - the way it should be

Sunshine Coast property market predictions for 2021

[pj-news-ticker]

Sunshine Coast property market predictions for 2021

Do you have a news tip? Click here to send to our news team.

Guided walks, Pilates for beginners and aquatic fun

As the Easter indulgence, wet weather and school holiday chaos comes to an end there’s no better time to put your fitness first and More

One left: penthouse with no set price opens to all offers

All bar one apartment within the Market Lane residential project at the new Maroochydore CBD are sold, and one purchaser has the chance to More

Writer to add a new chapter in history of lighthouses

Gazing out to sea, imagining romance, creating perfect endings. That’s all in store for Sara Hartland, romance writer and new artist in residence at the More

With the final weekend of auctions of 2020 behind us we can only reflect on the year that was and stare into the crystal ball for the Sunshine Coast property market in 2021.

The general conversation within the real estate fraternity is very optimistic.

Fuelling the optimism is the expected migration of people seeking a coastal lifestyle, expats moving back to Australia, very limited available property to purchase and record low interest rates.

Other than these clear signs pointing towards further growth for our region the unpredictability of 2020 makes most property pundits nervous about firm predictions for the year ahead.

Adam Budd, from Ray White Kawana, is one agent putting his forecasts on the table after experiencing record sales on his patch, with many occurring off the market.

“I anticipate the 2021 market to be very similar, but we will see local buyers under further pressure.

“With a lot of talk of interstate migration around the COVID-19 challenges in the Sydney and Melbourne areas and the easing of the border restrictions, our Sunshine Coast population will grow.

“We anticipate properties going to market in 2021 with solid marketing, and or auction campaigns in place, will be breaking records with competitive interstate and local buyers vying for quality property.

“The Sunshine Coast, which has been known as a sleepy beachside community, is now one of the hottest markets on the eastern seaboard and 2021 and there are exciting times ahead for us.”

Weekend Auction Wrap

On Saturday, five of our nine auctions sold prior. Of the remaining four, two sold under the hammer, putting the auction clearance at a very strong 77 per cent.

One of the stand out auctions was 7A Crescent Road, Eumundi.

Cathy Fraser from Tom Offermann Real Estate gathered a highly qualified, Friday afternoon crowd which lead to a very successful result of $720,000.

7 crescent road eumundi (2)
7A Crescent Road, Eumundi, sold for $720,000.

The commercial auction at 36A Bulcock Street, Caloundra was actually passed in, with negotiations continuing Friday afternoon.

Paul Bell from Henzells suggested the property was a huge opportunity to secure a quality lease in a CBD location.

36A Bulcock Street is a good commercial opportunity that was turned in at auction.

Ruben Parks and Dan Sowden led the public negotiation for 86 Beach Parade, Cotton Tree, last week.

With 15 bidders fighting it out the property eventually sold under the hammer for an undisclosed price. Important to note, 95 per cent of the interest was from local buyers.

With the first wave of auctions set for January 15 we are in anticipation and ready for whatever 2021 throws at us.

MORE NEWS

Vision for stadium revealed as funding push intensifies

There are renewed hopes the Federal Government will commit funding for a Sunshine Coast Stadium expansion ahead of the annual May budget. It comes as More

Terri Irwin gives glimpse of her role has grandma

Terri Irwin has given a glimpse of her new role as a besotted grandmother following the birth of Bindi's first baby. Terri posted a photo More

All aboard: surfing rides a wonderful new wave of popularity

Carlene Sherwell doesn’t need a crystal ball to know what lies in the future of the beginner surfers going through their paces on the More