Unit market outperforms house market in Sunshine Coast region: CoreLogic

Unit market outperforms house market in Sunshine Coast region: CoreLogic
Unit market outperforms house market in Sunshine Coast region: CoreLogic

There were 10,216 Sunshine Coast homes sold over the 12 months ending May 2016, which is around 6 percent lower year-on-year, but tracking well above the average sales activity over the past five years across the region, according to CoreLogic's regional market report.

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Unit market outperforms house market in Sunshine Coast region: CoreLogic

In terms of median values, growth across the unit market (+4.5 per cent) slightly outperformed houses (+4.0 per cent) over the year, however longer term, detached houses have generally recorded stronger performance.

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Unit market outperforms house market in Sunshine Coast region: CoreLogic

When compared to one year ago, homes across the Sunshine Coast are selling slightly faster and vendors are, on average, applying less discount to secure a sale.

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Unit market outperforms house market in Sunshine Coast region: CoreLogic

Rental rates have increased by 2.2 per cent for houses and 5.6 per cent for units over the past year, while investors are seeing little, to no, movement in rental yields.

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Unit market outperforms house market in Sunshine Coast region: CoreLogic

Tags: 
Sunshine Coast Corelogic

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