Welcome to my July update! As we transition into the second half of the year, the real estate market continues to show resilience and steady activity.

Market Overview

In June, I saw consistent buyer interest and solid sales figures. The local market remains competitive, with a median sale price of $1.1M and an average of 37 days on market. Our agency, TOWN, continues to lead with excellence, holding the top spot out of 251 agencies on the Sunshine Coast.

Property Limelight: Successful Sale of a Unit Block in Maroochydore

I’m thrilled to highlight the recent successful sale of a unit blocks located at 52 & 54 Parker Street and 5 Wrigley Street, Maroochydore. This property, which sold for $4,500,000, offered a fantastic investment opportunity with multiple units, providing strong rental income potential.

The modern design, prime location close to local amenities, and excellent condition of the units made this property highly desirable. The sale was concluded swiftly, reflecting the high demand for quality investment properties in the area.

Client Feedback and Reviews

I’m proud to share a recent review from one of my sellers:

“Extremely professional, patient, and assisted us in achieving a great sale within a week of being on the market. Communication was amazing throughout the sale, enabling us to have trust in the process, our agent, and team.”

With the most 5-star reviews on the Sunshine Coast, I’m dedicated to providing exceptional service and making your real estate journey as smooth and enjoyable as possible.

Community and Lifestyle

As the cooler months set in, Maroochydore offers a range of activities to enjoy. From cozy cafes to beautiful nature walks, there’s something for everyone. Winter in Queensland is a special time, and I’m here to help you find the perfect property to enjoy this wonderful season.

HTW Property Clock

For those looking to get a better understanding of how the markets in Australia are tracking, the HTW property clock is an excellent tool. It provides a visual representation of where each property market is positioned in the cycle, helping both buyers and sellers make informed decisions. Whether you’re looking to buy, sell, or just keep an eye on the market, the HTW property clock offers valuable insights. You can check it out here.

Looking Ahead

As we move through the year, I anticipate a steady market with opportunities for both buyers and sellers. Whether you’re looking to buy, sell, or simply explore your options, I’m here to assist you every step of the way.

Thank you for your continued support and trust in TOWN.

As the world gathers for the Olympics, let’s remember the power of community, excellence, and the pursuit of our goals. Just as athletes strive for gold, we’re here to help you achieve your real estate dreams. Go for gold!

Welcome to Winter!

As we embrace the arrival of winter, the cooler weather brings a fresh perspective to the real estate market here on the Sunshine Coast. The end of the financial year is just around the corner, making it an ideal time to reflect on the past six months and prepare for the opportunities ahead.

Market Wrap-Up: January to June 2024

The first half of 2024 has been dynamic and encouraging for the Sunshine Coast real estate market. Here are some key highlights from the past six months:

1. Steady Growth in Property Values
   • Property values have shown steady growth, reflecting the strong demand for homes in our beautiful region. This trend has been particularly noticeable in sought-after areas across the Sunshine Coast, where quality properties continue to attract competitive offers.
2. Increased Buyer Activity
   • Despite the seasonal changes, buyer activity has remained robust. We’ve seen a diverse range of buyers, from first-time homeowners to seasoned investors, actively participating in the market. This diversity has contributed to a healthy market environment.
3. High Demand for Investment Properties
   • Investment properties have been in high demand, with many buyers looking to capitalize on the stable rental market and potential for future capital gains. Properties like those at Parker Street and Wrigley Street have been particularly popular among investors.
4. Successful Property Transactions
   • Our team has successfully facilitated numerous property transactions, ensuring smooth and efficient processes for both buyers and sellers. The positive feedback from our clients underscores our commitment to excellence and client satisfaction.

Record-Breaking Sales and Top Ranking

We are thrilled to share that the Sunshine Coast has achieved an impressive milestone this year with 120 sales, showcasing the vibrant and active real estate market in our town. Additionally, TOWN has been ranked number 1 out of 251 agencies on the Sunshine Coast for sales this year. With a median sale price of $1.1 million and a healthy average of 37 days on the market, these achievements highlight our commitment to delivering outstanding results for our clients. We are immensely proud of this recognition and remain dedicated to providing exceptional service and expertise.

End of Financial Year Insights

As we approach the end of the financial year, it’s essential to take stock of your property investments and make strategic decisions. Here are a few tips to help you navigate this critical period:

• Review Your Portfolio: Assess the performance of your properties over the past year. Identify any underperforming assets and consider potential improvements or sales to optimize your portfolio.
• Tax Planning: Work with a financial advisor to ensure you’re making the most of available tax deductions and benefits. Proper tax planning can significantly impact your investment returns.
• Set Future Goals: Reflect on your investment goals for the upcoming year. Whether you’re looking to expand your portfolio, renovate existing properties, or diversify your investments, setting clear objectives will help guide your decisions.

As the festive lights twinkle and we gear up to celebrate Christmas and welcome the New Year, I wanted to share with you some of the latest trends in our Sunshine Coast real estate market along with my heartfelt holiday wishes.

Firstly, a bit of fantastic news from last month – we hit a record-breaking $35 million in sales! It’s an incredible achievement and a strong indicator of the demand in our area.

Now, onto some insightful market trends. This year, we’ve noticed that the average days on market for properties has increased compared to last year. This shift offers a unique perspective on our current market dynamics, reflecting both the challenges and opportunities for buyers and sellers alike.

Even with this increase in time on the market, the competition remains fierce. We’re still seeing multiple offers on properties, a clear sign of the strong demand and the desirability of our beautiful Sunshine Coast region.

With about 3,382 properties currently on the market, significantly lower than the usual 5,000 to 6,000, the balance of supply and demand continues to shape our market. And as we look towards the future, particularly with the anticipated rise in interest rates, it’s going to be intriguing to see how these factors play out in the coming year.

For those contemplating whether to list now or wait until the new year, my advice leans towards taking the initiative. Getting ahead of the anticipated influx of new listings in January 2024 could be a smart move. Despite the holiday season and the associated slowdown in some services, as an experienced agent, I’m here to ensure that your journey in real estate is smooth and successful.

As we celebrate this festive season, I want to extend my warmest wishes to you and your loved ones for a Merry Christmas and a Happy New Year. May this time be filled with joy, peace, and prosperity.

Looking forward to a bright and exciting 2024 in real estate, and as always, I’m here to support you with any of your property needs.

Read Jamie Vibert’s exception reviews on GOOGLE and REALESTATE.COM.AU

In 2022, the Sunshine Coast real estate market continued its strong performance, with high demand from both local and interstate buyers. According to the Real Estate Institute of Queensland (REIQ), the median house price on the Sunshine Coast increased by 13.3% over the previous year, reaching $785,000, while the median unit price increased by 10.6% to $540,000.

The REIQ also reported that over 11,000 properties changed hands in 2022, representing an increase of 7.6% from the previous year. Local residents accounted for the majority of buyers, followed by interstate buyers from New South Wales and Victoria.

The coastal suburbs of Noosa Heads, Mooloolaba, and Maroochydore remained highly sought after, while inland areas such as Maleny and Montville also saw significant growth in demand. However, the shortage of listings remained a significant challenge for buyers, with low levels of supply driving competition and leading to strong price growth.

Despite the ongoing challenges posed by the COVID-19 pandemic, the Sunshine Coast real estate market remained resilient in 2022, buoyed by low interest rates, government incentives for first home buyers, and a desire for lifestyle change among buyers.

If you’re looking to buy or sell property on the Sunshine Coast, it’s crucial to work with a professional and experienced real estate agent who can help you navigate the competitive market. That’s where Jamie Vibert comes in – a highly trusted and successful real estate agent with a track record of excellence.

Jamie has a thorough understanding of the local market and a deep commitment to providing the best possible service to his clients. He has a reputation for going above and beyond to help his clients achieve their real estate goals, with a strong work ethic and excellent people skills.

When you work with Jamie, you can trust that you’re in good hands. Whether you’re looking to buy your first home, upgrade to a larger property, or sell your existing home for top dollar, Jamie has the expertise and experience to guide you through the process and help you achieve your goals

Read Jamie Vibert’s exception reviews on GOOGLE and REALESTATE.COM.AU