Most people don’t even know where Buddina is located on the Sunshine Coast, but this small hidden suburb was one of the Top Performers for median house prices, recording 24.3% capital growth for 2010.
Better known Kawana and Mooloolaba border this seaside village.
Nestled between the Pacific Ocean and the Minyama Canals, it is one of the few places where a 30 year old beach shack is quite in place next to a multi-million dollar mansion. The local community is well serviced by the Kawana Surf Club, State School, Library and Community Hall, kilometres of cycle and walking tracks, picnic and sporting areas and the 2nd largest shopping centre on the Sunshine Coast.
Speaking as a local myself, the attraction of Buddina is that most conveniences are within walking distance or a short drive away.
The majority of the properties throughout Buddina are predominantly freestanding houses with a few scattered unit complex’s and duplex pairs. They are tightly held, with new listings being sold well under the average “days on the market”, for the Sunshine Coast.
The median house price – November 2010- is $588,500, median unit price $500,000. Recent sales range from a 2 bedroom renovated duplex 30 metres from the beach for $390,000 up to $613,000 for a 4 bedroom renovated brick home 50 metres from the beach.
Other performers were Mooloolaba 14%, Moffat Beach 12.8% and Maleny 12.9%. The Sunshine Coast increase in median price was 6% for homes and 13.6% for units for the year ending September 2010.
The Top 3 Performers for median unit prices were; Caloundra 20%, Mt Coolum 15% and Nambour 14.5%. The median unit prices for these areas ranged from the very affordable Nambour at $285000 to waterfront Caloundra units at $450000.
With agents reporting an increase in the average days on the market in most areas, buyers have a varied choice of homes for sale.
We have seen firsthand the strain that a poorly researched real estate decision can have on a family. Alarmed at the lack of unbiased information available on the internet, we have compiled this online resource to ensure that investors are properly informed. Please visit our new website www.propertysunshinecoast.net.au
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