While there is a slight reduction in buyer numbers due to border closures, interstate migration is at its highest level in nearly 10 years, there has never been a better time to buy on the coast. With border lockdowns, this pent up demand will likely result in a surge of relocations once we start to come out of COVID-19 restrictions.
In fact, we are already seeing this increase starting to filter through with a higher level of enquiry from Melbourne based buyers looking for a lifestyle change.
I am also hearing from coastal agents that people are buying site unseen, which holds massive risks to buyers. The desperation of buyers to purchase Queensland property ahead of the border opening is putting some buyers in a risky position of purchasing a dud.
Some of the Top Coastal Market opportunities will include as far north as Bargara, Bundaberg’s Coastal township, which offers great ocean front affordability, and the Blue Chip consistency of Noosa and Sunshine Beach will be top picks for growth in the next few years.
The Growth Rate for Noosa Heads stands at 7.79% for the Past 12 months and a median price of around $1.2 Million. When compared to a location like Palm Beach or Newport North of Sydney, this median price point offers significant value proposition and a sub tropical lifestyle where you can enjoy the water all year round.
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