Sales activity falls across the Sunshine Coast: CoreLogic

Sales volumes across the Sunshine Coast have fallen -15 per cent to 9,329 over the 12 months to February 2019, with current volumes 14 per cent below the five year average for the region, according to the recent CoreLogic Regional Report.

The report reveals challenging property market performance across Australia’s regions, with falling sales activity in the twelve months to February 2019.

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Source: CoreLogic

Looking at home values, house values are down -1.6 per cent over the year to March 2019, while unit values increased by 4.0 per cent over the same period.

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Source: CoreLogic

Advertised rental rates for both houses and units increased year-on-year, up $10/week for houses and $5/week for units.

The average time on market for a Sunshine Coast house remains in line with February 2018, while the average unit is selling 3 days faster year-on-year.

Vendor discounting has increased slightly for both houses and units across the region.

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Source: CoreLogic