Above: The Sunshine Coast’s Northern Beaches property market has experienced strong growth.

The Sunshine Coast’s Northern Beaches property market has experienced strong growth according to new research from Place Advisory.

The Northern Beaches area includes Yaroomba, Coolum, Mount Coolum, Peregian and Point Arkwright.

Place Advisory spokesman Syd Walker said the area’s property market had experienced strong growth across all sectors including the land market which had recorded 13.9 per cent price growth over the 12 months, ending March this year.

Above: The luxury house market on the Northern Beaches has shown strong growth over the past 12 months.

“An increase of 25 per cent was also experienced from six months ago in our last land resale within Sekisui House’s Beachside development at Yaroomba and with limited stock available, we expect demand to remain high,” Mr Walker said.

“Our latest research into the area has indicated that the luxury house market on the Northern Beaches has shown strong growth over the past 12 months with homes sales over the $1 million mark experiencing 7.9 per cent price growth, recording a median price of $1,446,250.”

Sekisui House senior development manager Evan Aldridge said demand for land as well as house and land packages within the Beachside estate was driven by strong interest from owner-occupiers wanting to live in an exclusive beachside community.

Above:  Demand for land as well as house and land packages within the Beachside estate was driven by strong interest from owner-occupiers.

“There’s a real scarcity of vacant land within the Northern Beaches region so when you offer buyers the opportunity to live in a naturally harmonious environment with access to pristine beaches as well as Mt Coolum, then it’s easy to see why demand has continued to increase over the past few years,” he said.

“We have just sold out of the last vacant land lot in the Beachside estate which really reflects the popularity of what we have created. The last vacant lot sold for $696,000 while the first Affinity home has just sold off the plan for $1,320,000.

“The only product we currently have for sale are the Affinity homes in Beachside which are under construction and perfectly suited to their beachside lots.”

Each design maximises the natural light, ventilation and outdoor entertainment spaces while the interior features open-plan living allowing a seamless connectivity between all rooms.

“One of the key elements of the Affinity collection is its range of sustainability features, which is one of Sekisui House’s signature design incorporations. Each home has an 8-star energy rating and includes energy saving solutions such as a 3kW roof solar energy system,” he said.

Above: Each design maximises the natural light, ventilation and outdoor entertainment spaces.

Source: The Courier Mail