Seachange driving demand for Qld property


The seachange lifestyle appears to still be driving demand for property in southeast Queensland, with latest figures showing both the Gold and Sunshine Coasts outperforming the Brisbane property market.

Data released by the Real Estate Institute of Queensland on Monday showed the Gold Coast in particular saw solid growth over 2017 of 7.7 per cent, with the average media house price increasing to $615,000.

Noosa on the Sunshine Coast also saw strong growth of 6.7 per cent to $650,000, with demand outstripping supply in the boutique coastal community, driving prices up.

By comparison the Brisbane market grew 2.7 per cent over 2017, however it finished with the highest median price of $665,000.

2017 also saw Brisbane suburb Teneriffe become a two million dollar suburb, with a median price of $2.4 million, and predictions it could top $3 million by the end of 2018.

The apartment market was flat for most of 2017, except on the Gold Coast, which bucked the trend and had a strong market for both units and houses.