Noosa's property market offers excellent growth

Noosa is one of the most popular places to live in Australia. The region has become an idyllic holiday destination for people worldwide and has consistently been named one of Australia’s best places to visit. It's not hard to see why Noosa is such an attractive address, with beaches, dining and shopping all on your doorstep, serving up Noosa's iconic coastal lifestyle.  The region’s property market is also an excellent opportunity for growth and investment and remains one of the fastest-growing regions in the country. 

Median house prices in the Sunshine Coast peaked at $962,000 in 2022, an increase of over 20% from the previous year. Median unit prices also increased to $625,000 with median rents at $525 per week, a 16.7% increase in the past year and vacancies at record lows below 1.0%. This growth is attributed to the region's sustained annual population growth of 2.4% over the past decade and an increase of 1.9% in the past year, reaching a population of 403,521. Newcomers are attracted to the Sunshine Coast's relative affordability, lifestyle, low unemployment, and a strong economy

The region's long-term population growth outlook, together with $20 million in investment spending and an economy worth over $21.5 billion and growing at an annual rate of 4.2%, makes the Sunshine Coast a promising opportunity for future growth beyond 2023. 

Noosa's suburb of Noosa Heads also made Queensland's top 10 list, with the median house price rising by 120% to $2.05 million with Noosaville not too far behind at $1,789,000.  Regarding units, Noosaville’s median unit price is $862,500 representing a 16.6%pa growth over the past five years. Noosa's property market offers excellent growth opportunities for investors. With a strong economy, low unemployment, and a growing population.

If you're looking for a chance to secure your slice of Noosaville, consider Hof Noosaville. This boutique collection of one-, two- and three-bedroom apartments captures the timeless style of Queensland and is nestled in a private and leafy pocket of Noosaville. Located just steps from Noosa Civic shopping centre and moments from the dining and lifestyle options of Gympie Terrace, Hof Noosaville offers the perfect combination of style and convenience. 

To learn more about this unique and exciting opportunity, visit the Hof website here.

 Sources: As at Sept Qtr. 22; CoreLogic; ABS; realestate.com.au