Property prices on the rise

PROPERTY prices are on the rise for both houses and units on the Sunshine Coast, according to the latest real estate figures.

Real Estate Institute of Queensland's (REIQ) Sunshine Coast zone chair Amber Werchon said data released this past week by the Australian Property Monitors' March Quarterly House Price Series Report showed prices were heading in the right direction.

In the three months to March, the median price for houses was $483,000, compared to $465,000 from the previous quarter.

It was $450,000 last year a 1.1% growth.For units, the median price this quarter was $365,000, up from $349,750 recorded for the quarter.

This time last year it was $341,500.

Ms Werchon said the increases were in line with what the REIQ was experiencing in the market for both houses and units.

"None of the figures are surprising, but it's a positive thing to see they're upwards trending."

"From what we're experiencing it feels like it's going to continue. It's not crazy- fast; it's steady growth and I think that's sustainable.

"I think a lot of good things are happening on the Coast and that's leading to a lot of job creation.

"We've got the development of the hospital and other CBD areas.

"People are realising that this is the place to be."

Australian Property Monitors senior economist on house and unit sales Dr And

rew Wilson said he thought results for the Coast would have been higher.

"It has been recording some quite healthy growth recently," he said.



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