Sunshine Coast properties with deepwater access are becoming increasingly hard to get hold of, according to new research by PRDnationwide.
Only two such homes changed hands in Mooloolaba between September 2006 and March 2007, and the median price for a house with deepwater frontage at nearby Minyama has increased by 16.4% pa over the past five years.
During this period, deepwater house prices ranged from $950,000 to $6,605,755 – the second highest deepwater house sale on record. This was for a two-storey, 1,500m2 waterfront property on Minyama Island. The Quays was one of the most affordable deepwaterfront areas.
According to PRDnationwide’s director Mark Unkel, Kawana Waters residents were holding on to their properties, particularly at the top-end of the market, because they were concerned about the ability to re-enter the market.
“The reason for the waterfront market performing against the tide of the overall market is simple – this is a blue-chip lifestyle and the investment location is characterised by limited supply and high local, national and international demand,” he said.
“The appeal of the area is further enhanced by the region’s growing local infrastructure, including new transport links, community and educational facilities, a maturing economy and a well-performing tourism industry.”