Sunshine Coast real estate prices are continuing to climb, placing more pressure on first-home buyers and renters.
Data from real estate experts PropTrack shows the region’s median house value reached a new peak of $1.076 million in June – well above the national median of $821,000.
On the Sunshine Coast, that reflects a quarter-on-quarter increase in home prices of 0.64 per cent and a year-on-year growth of 5.2 per cent.
“With a median value above $1.07 million, Sunshine Coast homes are now the most expensive outside a capital city, on par with the Gold Coast and well above regional Queensland’s median of around $719,000,” PropTrack senior economist Eleanor Creagh said.
“That price point continues to challenge first-home buyers and local renters, especially as migration-driven demand keeps pressure on supply.”
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But the pace of the region’s property price growth was well behind other parts of regional Queensland, suggesting affordability is slowing rises on the Sunshine Coast.
“The Sunshine Coast recorded 5.2 per cent growth in home prices over the past year, the softest performance across regional Queensland,” Ms Creagh said.
“While still positive, this result lags markets like Townsville, Mackay-Isaac-Whitsundays and Central Queensland, which saw double-digit price growth.
“It suggests that though demand remains, affordability constraints are biting in higher-priced lifestyle regions.”
The PropTrack Home Price Index, released on July 1, shows national home prices rose 0.4 per cent in June, hitting a new record high. Prices are now 4.6 per cent higher than a year ago.
“As interest rates have fallen, price momentum has strengthened and extended across the country, with all markets recording gains in June,” Ms Creagh said.
“Market momentum is building amid renewed buyer confidence and improved sentiment, buoyed by falling interest rates and expectations of another rate cut in July. However, the upturn remains measured as affordability constraints keep the pace of growth in check.
“Further interest rate cuts expected later this year will ease borrowing costs, adding to the momentum in housing demand and reinforcing recent price growth.
“In addition, population growth and limited new supply are also placing upward pressure on prices, especially at the more affordable end of the market.
“With interest rates moving lower, these factors are likely to sustain price growth over the second half of 2025. Despite these tailwinds, the upturn remains gradual and stretched affordability will see a more measured upswing than in previous easing cycles.”
In regional Queensland, Townsville led the annual price growth (18.7 per cent, median of $546,000), followed by Mackay-Isaac-Whitsundays (14.98 per cent, $550,000), Central Queensland (14.72 per cent, $531,000), Toowoomba (13.01 per cent, $674,000) and Ipswich (11.36 per cent, $754,000).
The report found regional Queensland home prices were up 0.5 per cent over the month and a total of 9.2 per cent year-on-year in June.
Over the past five years, home prices in regional Queensland have almost doubled, rising 88.7 per cent.
Brisbane home prices hit a new peak in June, lifting 0.3 per cent over the month to sit 8.3 per cent higher year-on-year. It remains the second most expensive capital, only behind Sydney, as the median home value reached $908,000 in June.
Capital city markets drove the gains nationally, with Adelaide posting the strongest monthly rise of 0.6 per cent, extending its streak of outperformance and retaining its title as the strongest-performing capital city over the past year (up 9.8 per cent).
Melbourne prices rose 0.3 per cent, continuing the city’s recovery, but values remain 1.1 per cent below their peak.
Auction results
53 Orme Road, Buderim
- Passed in at $3m, contact agent
- 4 Bed, 4 Bath, 3 Car, Pool
- Ray White, Gregory Ward and Zoe Byrne
501/1 Naroo Court, Mooloolaba
- Passed in at $1.4m
- 3 Bed, 2 Bath, 1 Car, Pool
- Ray White, Greg Turnbull and Grace Voller
423 Oceanic Drive South, Wurtulla
- Passed in at $2.65m
- 4 Bed, 3 Bath, 3 Car
- Ray White, Adam Budd
1 Helm Crescent, Wurtulla
- Sold prior for $1,350,000
- 4 Bed, 2 Bath, 2 Car
- Ray White , Ryan Cramer
715/7 Venning Street, Mooloolaba
- Sold prior for $655,000
- 1 Bed, 1 Bath, 1 Car
- Ray White, Justin Wijaya and James Goldsworthy
1/15 Besley Street, Buderim
- Passed in $870,000
- 3 Bed, 2 Bath, 1 Car
- Ray White, Gregory Ward and Zoe Byrne
17/14 Bright Place, Birtinya
- Sold prior for $780,000
- 2 Bed, 2 Bath, 1 Car
- Ray White, Justin Wijaya
39 Warung Avenue, Maroochydore
- Sold under the hammer for $1.155m
- 3 Bed, 1 Bath, 2 Car
- Ray White (Maroochydore), Jason Mills
25/2 Meta Street, Mooloolaba
- Passed in at $780,000
- 2 Bed, 1 Bath, 1 Car
- Ray White (Mooloolaba), Brent Higgins
1/23 Oogar Street, Maroochydore
- Passed in at $1.9m
- 4 Bed, 2 Bath, 2 Car, Pool
- Ray White (Maroochydore), Jason Mills
16 Aroona Avenue, Buddina
- Passed in, now on the market for offers over $3.9m
- 5 Bed, 3 Bath, 6 Car, Pool
- Fletcher Riley, Rebecca Fletcher and Alan Riley
4 Barralong Court, Buderim
- Passed in, now on the market for offers over $2.25m
- 5 Bed, 3 Bath, 3 Car, Pool
- Next Property Group, Richard Scrivener/Loren Wimhurst
3/1 Pacific Terrace, Alexandra Headland
- Passed in, contact agent
- 2 Bed, 1 Bath, 1 Car
- Define Property Agents, Ross Cattle and Katie Davies
47/13 Mooloolaba Esplanade, Mooloolaba
- Sold under the hammer for $1.7m
- 2 Bed, 2 Bath, 1 Car
- Define Property Agents, Jordan Barden
