The Sunshine Coast, stretching north to Noosa and south to Caloundra, has the highest median house price of any regional areas in the country at about $1 million, after prices rose about 50 per cent through the pandemic. Core Logics figures show that a slowdown of Sunshine Coast property has not stopped prices from rising, with a 6.4per cent increase measured in the first months of 2022.
Core logics figures show that for properties on the Sunshine Coast, length of time on the market has risen from 13 days to 27. But the slowdown has not stopped pries from rising. What will happen next will be largely shaped by the speed and extent of interest rate tightening, but there are still many positive factors underpinning our housing market, which means a property crash is unlikely to occur.
Read more here https://www.realestate.com.au/insights/homebuyer-demand-is-falling-from-its-peak-but-remains-well-above-pre-pandemic-levels/
Source SCNews
