Sunshine Coast property demand strong under $550,000: Herron Todd White

Sales volumes and high demand for the sub $500,000 property market on the Sunshine Coast pushed over into the local higher value markets between $600,000 to $700,000 in the first half of 2015, according to Herron Todd White.

Herron Todd White's October Month in Review found coastal property in the $550,000 price bracket is strong, with buyers placing a greater emphasis on the underlying land value of the property.

"Two examples of the market movement over the two years are from Peregian where one property sold in January 2013 for $466,000 and resold in March 2015 for $515,000 and another was purchased in May 2013 for $482,000 and has recently sold for $560,000," the review noted.

"Prestige housing market has improved in the entry end of this market (up to $1.5 million). Sale volumes appear to be quite good but as you move into the higher value level bands, say plus $2 million, buyers are thinning out.

"Noosa Waters and Sunshine Beach areas have performed well on the back of the Sydney and Melbourne markets and also increased interest from overseas."