The Real Estate Market September 2024 On The Sunshine Coast
Welcome to Spring! As we step into the warmer months, the property market on the Sunshine Coast, including areas like Maroochydore, continues to bloom. This is a great time for sellers looking to maximise their opportunities, and buyers who are eager to secure their dream homes. Let’s take a look at what September had in store for us.
Market Insights
The HTW property clock is currently at the rising market stage for houses, indicating a positive trend as prices continue to increase. We’re seeing solid demand across the Sunshine Coast, especially in popular areas such as Maroochydore, with limited inventory making competition fierce among buyers.
The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate at 4.35% at today’s meeting. This decision reflects ongoing concerns about inflation and economic stability. August 2024 data shows unemployment rates have remained steady at 4.2%, though this is an increase from the low of 3.5% in mid-2022. The US Federal Reserve recently reduced its interest rates by 0.50% to 4.75% in an effort to limit further deterioration in their job market, and economists here are predicting that labour markets are key to curbing inflation.
Previous forecasts from some of the big four banks suggested a potential rate cut in November 2024; however, recent indications now suggest that the RBA is unlikely to lower rates until the new year. This means the current rate environment is likely to remain stable for a while longer.
For buyers and investors, today’s decision underscores the importance of staying informed about economic developments and their potential impact on finances. Whether you’re considering buying a new home, refinancing your mortgage to secure better terms, or exploring avenues for property investment, now could be an advantageous time to review your financial strategy. If you’d like to discuss what this means for you, please don’t hesitate to get in touch.
Property Limelight
This month, we’re placing the spotlight on two stunning properties in Buderim: 132 Mons School Road and 18 Lara Drive.
132 Mons School Road, Buderim is a fantastic property that has captured the interest of many buyers. Its serene location and impressive features made it a standout on the market.
18 Lara Drive, Buderim also saw great interest, demonstrating the continued demand for quality properties in the area. This property offers a beautiful mix of space, privacy, and convenience, appealing to a wide range of buyers.
We are also excited to mention the success of 52 & 54 Parker Street and 5 Wrigley Street, Maroochydore. This unit block achieved an outstanding sale price of $4,500,000, reinforcing the strong market demand in Maroochydore.
Client Testimonial
One of our recent clients, Kyle & Sinead, shared:
“If you’re looking for an honest, hard-working, and professional real estate agent whose communication and effort were beyond your expectations, then look no further! Jamie was phenomenal during the whole process and helped my wife and I secure a beautiful home in Mountain Creek. The communication was easy and also provided comfort and confidence on the purchase, acknowledging the expectations and each milestone step during the purchase. Jamie was absolutely amazing to deal with.”
Kyle and Sinead were the proud buyers of 20 Lark Circuit, Mountain Creek. This property generated significant interest, resulting in over 10 offers and a sale within just 3 days on the market. We are thrilled to have helped them secure their beautiful new home.
We take immense pride in feedback like this, which reflects our dedication to delivering a professional, patient, and results-driven experience for our clients in Maroochydore and across the Sunshine Coast.
Spring Selling Tips
With spring now upon us, it’s the ideal time for property owners to prepare for selling. Whether it’s enhancing your garden or sprucing up the façade, small improvements can make a big impact. Properties in Maroochydore, Kuluin, Mountain Creek, and Buderim can greatly benefit from seasonal enhancements, making them more attractive to buyers. We’ve got some fantastic properties currently on the market. You can check them out here.
