Unit market outperforms house market in Sunshine Coast region: CoreLogic

Staff reporterSeptember 8, 20160 min read

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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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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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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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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Staff reporter

Tags:
Sunshine Coast
Corelogic
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