COMMUNITY UPDATES & NOTICES
The Transport Minister is pushing ahead with plans to build the controversial M2M (Mooloolaba to Maroochydore) cycleway at Alexandra Headland next to one of the narrowest dunal areas on the Coast. The Public Consultation period for the planned route is ending on the 31st July but Fiona Simpson has slammed the plan, pointing out it doesn’t properly outline certain impacts & many don’t even know about the sea wall, or where it is planned to be built. By locking in the cycleway design, we may be locking in the wrong solution or location for this seawall in a very fragile area. Fiona Simpson says we need to “pause and rethink the cycleway” until all cards are on the table. We can’t be expected to make a proper submission on the cycleway project without all the information about other plans for our area – like the location of the Rock Seawall and spoken about future 8-metre wide light rail corridor through a location next to one of the narrowest dunal areas on the Sunshine Coast.
MOOLOOLABA SNAPSHOT APR – JUNE 2024
The upper quartile median has risen to $1,893,750 in the past twelve months. while the lower quartile is sitting at $998,750. Bringing the median price for Mooloolaba to $1,400,500. This has risen by 7.1% compared to this time in 2023. The highest house sale price was $7,450,000 at 29 Neerim Drive, Mooloolaba.
According to realestate.com.au, approx. 359 serious buyers searched and enquired in Mooloolaba between April & June. This would largely be those who would love to call Mooloolaba their home. In addition to this, a combination of current residents & those who monitor the market.
The median for the past 12 Months up until July 1st was 57 days on the market.
ALEXANDRA HEADLAND SNAPSHOT APR – JUNE 2024
The upper quartile median has risen to $2,152,500 in the past twelve months. while the lower quartile is sitting at $1,293,250. Bringing the median price for Alexandra Headland to $1,700,000. This has risen by 11.4% compared to this time in 2023. The highest house sale price was $4,300,000 at 6 – 8 Kawana Street.
According to realestate.com.au, approx. 345 serious buyers searched and enquired in Alexandra Headland between April & June. This would largely be those who would love to call Alex their home. In addition to this, a combination of current residents & those who monitor the market.
The median for the past 12 Months up until July 1st was 62 days on the market.
MAROOCHYDORE SNAPSHOT APR – JUNE 2024
The upper quartile median has risen to $1,300,000 in the past twelve months. while the lower quartile is sitting at $870,000. Bringing the median price for Maroochydore to $1,025,000. This has risen by 5.5% compared to this time in 2023. The highest house sale price was $4,250,000 at 802/14 Duporth Avenue.
According to realestate.com.au, approx. 776 serious buyers searched and enquired in Maroochydore between April & June. This would largely be those who would love to call Maroochydore their home. In addition to this, a combination of current residents & those who monitor the market.
The median for the past 12 Months up until July 1st was 64 days on the market.
SO… WHAT IS OUR OPINION?
What properties are in the highest demand? This has until recently always been property with an option to value add by creating a pool or adding further extensions to the dwelling, but at the moment what we are experiencing is buyers wanting to do the least amount of work possible and they seem to be happy to pay for the convenience. These ‘turn key’ finished properties have seen the highest demand from buyers, less days on market and highest prices achieved.
The costs involved nowadays to create that resort style pool for 50k seem to be a distant memory with the ‘average pool’ quote coming in around 70-100k. On the other hand building a home for $2400m2 also seems to be a distant memory as most builders are now on average quoting 2800-3000+ per sq meter as a guide. With these considerable increases in the construction industry across the board, most families are just not seeing the value of undergoing major renovations unless it’s bought at ” the right price”.