Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Sunshine Coast

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Like most coastal areas, the Sunshine Coast has an array of different property types which appeals to a number of different sectors of the marketplace, but the the entry level for each of these sectors has been performing well, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that due to the disparate segments, specific market analysis is difficult.
To try and provide some clarity, HTW have broken up the Sunshine Coast into the two main sectors – coastal and hinterland.
"When looking at the coastal areas for housing, the main feedback we’re receiving is that the sub $750,000 market is most active. This can be broken up into first home buyers active in the sub $500,000 level and upgraders above this," the report stated.
Homes tend to be of older style product close to the beach and modern homes on sub 500 to 600 square metre allotments within estates (although some estates are sub 300 square metres).
"For units we’re talking more in the sub $400,000 level with once again first home buyers being pretty active. These units usually comprise older townhouse product and smaller walk up unit complexes," the report observed.
An example would be a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-noosaville-123540454" target="_blank">20/291 Gympie Terrace</a> (pictured above) that is for sale for $460,000.
When we look at the other end of the scale, the slower markets tend to be in the higher value bands, say above $1.5 million.
The market is very much buyer and vendor specific, with inconsistencies experienced and both weak and strong sales being recorded. More simply, there are just less people running around with that amount of money to spend.
There are certain areas where the activity is strong up to $2 million. Brisbane, Sydney and Melbourne buyers are the most active as well as local upgraders. Some overseas buyers are coming back into the market with the lower Australian dollar.
HTW noted that property prices within hinterland towns drop.
"When we cast an eye to the hinterland markets, the price point drops further with homes down to sub $400,000 within hinterland townships and sub $500,000 for homes on rural residential allotments," the report said.
"First home buyers and local residents upgrading into new or larger properties are the most active. We are also seeing people relocating from coastal areas to more traditional sized allotments.
"The unit market in these areas is typically thin apart from Nambour with limited levels of stock. Values tend to be trading in the sub $275,000 level and are typically townhouse and villa product."
Similar to the coastal region, the higher value $750,000 plus rural residential market continues to remain patchy and very much buyer and vendor specific.
There are certain areas where the activity is strong up to $1.3 million and then it thins out. The big benefit for these properties is that there is an ability to purchase at below replacement cost which is always attractive.
"As you can see from the above, the Sunshine Coast market is difficult to gauge," HTW suggested.
"At the moment there are a number of good news stories which are still creating interest in the region."
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Sunshine Coast property market seeing return of the overseas buyer: HTW

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A Lake MacDonald home in the Sunshine Coast, nicknamed the lady of the lake, has been listed for $2.85 million.
The <a href="https://www.realestate.com.au/property-house-qld-lake+macdonald-116809891" target="_blank">eight-bedroom, seven-bathroom homestead </a>has all the features of a traditional Queenslander including dowel timber verandahs which wrap around the property.
Sat on around two hectares, the property has a 25 metre resort style pool, a 45,000 litre rainwater tank and botanically rich gardens. 
The home is listed for normal sale through Kess Prior at Hinternoosa Real Estate Cooroy
It previously traded for $2.2 million in 2006.
The median house price in Lake Macdonald is $665,000 according to CoreLogic. 
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Lady of the lake listed at Lake MacDonald

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There were 10,216 Sunshine Coast homes sold over the 12 months ending May 2016, which is around 6 percent lower year-on-year, but tracking well above the average sales activity over the past five years across the region, according to CoreLogic's regional market report.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.51.28%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.51.28%20AM.png" alt="">
In terms of median values, growth across the unit market (+4.5 per cent) slightly outperformed houses (+4.0 per cent) over the year, however longer term, detached houses have generally recorded stronger performance.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.51.36%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.51.36%20AM.png" alt="">
When compared to one year ago, homes across the Sunshine Coast are selling slightly faster and vendors are, on average, applying less discount to secure a sale.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.51.44%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.51.44%20AM.png" alt="">
Rental rates have increased by 2.2 per cent for houses and 5.6 per cent for units over the past year, while investors are seeing little, to no, movement in rental yields.
<a href="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.51.55%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/07/Screen%20Shot%202016-09-07%20at%2010.51.55%20AM.png" alt="">
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Unit market outperforms house market in Sunshine Coast region: CoreLogic

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Webjet website director Steven Scheuer is likely to be booking more flights having bought on the Sunshine Coast, far away from his chilly Collingwood ragtrading offices.
Scheuer and Catherine Miller have paid $4.1 million for a popular Sunshine Beach holiday rental that recently sold through Richardson &amp; Wrench Noosa agent Rory Williamson.
<a href="https://www.propertyobserver.com.au/https://www.randw.com.au/property/0000299939" target="_blank">The three bedroom, three bathroom beach house</a> had an all-white facelift in 2009 from the interior designers Kidd &amp; Co.
It's now listed with as a Richardson &amp; Wrench holiday rental ranging from $350 to $975 a night depending on the season.
Scheuer joined Webjet in 2000 as a non-executive director.
This article was first published in the Weekend Australian Mansion Australia property section.
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All-white Kidd & Co designed Sunshine Coast trophy home sale

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A retail shop anchored by Home Timber &amp; Hardware at Peregian Beach on the Sunshine Coast has sold to a local investor for $1.6 million on a six percent yield.
The 211 David Low freehold property has a building area of 973 sqm on a 1880 sqm site.
Peregian Beach is a seaside residential and tourist area of the Sunshine Coast 130 km north of Brisbane and close to Noosa Heads.
The property was sold on behalf of a local business operator by selling agents Christine Freney of Ray White Commercial Noosa &amp; Sunshine Coast.
Freney said the vendors have operated the Home Timber &amp; Hardware store for more than 25 years.
“They will continue to run the hardware business after selling the freehold,” she said.
“The site is now secured by a 5 + 5 + 5 year lease.”
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Peregian Beach shop in Sunshine Coast sells for $1.6 million

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Queensland's Sunshine Coast is relatively young compared with other areas of the country, and staying ahead of the gentrification curve can prove profitable to property investors, according to valuation firm Herron Todd White.
The property consulting firm's property clock for March dealt with gentrification trends across Australia, identifying the hot spots.
In the Sunshine Coast, the older areas are typically found around the original council centres of Caloundra to the south, Maroochy to the centre and Noosa to the north. The main driver of gentrification is generally that these older areas are well located to amenities and close to the beach, thus creating demand for these locations as desirable places to live. 
In the old Caloundra Shire, the areas around Moffat Headland have always been popular. These areas have accelerated over recent years with a number of renovations or re-builds being undertaken. Being close to the beach and the village atmosphere really helps this area along. Remaining with the close to the beach theme, areas around Golden Beach to the south of the town centre and the Kawana strip to the north are seeing 30 to 50 year-old-housing being upgraded. 
The median price of houses in Caloundra was $444,000 according to RP Data. For units, it was $370,000.
In Maroochydore in the old Maroochy Shire, areas around the current and proposed town centres are in demand. Typically these are 1970s and 1980s vintage houses with the entry level being circa $400,000. Throw some dollars and nice design features at it and $500,000 should be achievable. Other areas of Alexandra Headland, Mooloolaba and Cotton Tree down on the coast and Buderim up on the hill have been going through this gentrification process over a number of years. 
Up north in the Noosa Shire the areas in Old Tewantin near the river and town centre and also Noosa Junction are seeing a significant number of renos and rebuilds, once again, in areas close to shops and cafes and the beach or river. 
One example in Old Tewantin is a property purchased for around $400,000. The owners undertook a sharp renovation and were able to achieve circa $575,000 - a great result. 
The type of gentrification has been restricted mainly to housing but there is a rise in duplexes and small lot housing which have really started to appeal to the lock and leave crowd who would rather travel then have to look after a big yard. 
Property Observer tracked down a two-bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-caloundra-122717314" target="_blank">16/41 Canberra Terrace, Caloundra, Qld 4551</a> (above) that recently sold for $375,000, around the median price.
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Sunshine Coast's older areas score on desirability due to location: HTW

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The Buddina beachfront home in the Sunshine Coast has been listed for sale. 
The five-bedroom, four-bathroom home at <a href="https://www.realestate.com.au/property-house-qld-buddina-123339658" target="_blank">43 Pacific Boulevard</a> was designed by Adrian Ramsay and inspired by the French Riviera. 
The double-storey property features two car spaces, a 20-person rooftop terrace with 360 degree views of the Glass House Mountains, two fully equipped kitchens, a handmade staircase, crystal chandeliers throughout the house, gym, a plunge pool and water feature and a European style landscaped garden. 
The full-fenced 546 square metre block was last sold in 2009 for $1.2 million. 
Jess Ruskin and Joey Ruskin at Amber Werchon Property have the listing.
The median house price in Buddina is $620,000 according to CoreLogic.
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French Riviera inspired Buddina beachfront listed

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Having bought a Noosaville holiday home, newly installed Caltex chairman Greig Gailey and his sociologist wife, Dr Geraldine Lazarus have reduced the asking price for their now redundant Sunshine Coast holidayer.
Previously seeking $3.4 million through Sam Plummer and Karen Bester at Dowling &amp; Neylan Real Estate, the home now comes with a $3.2 million guide following their new purchase.
The Toorak couple paid $2.55 million in 2009 for the Gabriel Poole designed beach house.
They spent $2.975 million for the four bedroom Noosaville waterfront, a bit closer to the tourism hub than at Sunshine Beach.
This article was first published in the Weekend Australian Mansion Australia property section.
 
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Caltex chairman Greig Gailey reduces price for Sunshine Coast holiday home

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For the property investor, the question of where to park a lazy $500,000 always remains somewhat challenging in Queensland’s Sunshine Coast, especially given the fact that early and easy capital growth is very difficult to come by, say valuation firm Herron Todd White in their July residential report. 
The $500,000 is a “price point that is also very competitive in the market,” according to HTW.
Beach side properties that provide a modest home with a higher value land component is still a good pick. However, you should be quite selective and along with being prepared for a long-term hold. The gains are not likely to be so easily won over within the next 12 months. There are little to no new beachside estates in the pipeline therefore leading to these properties not being easy to replicate. 
“This is one of the reasons why this product seems so appealing to us,” say HTW.
“The other options we believe continue to have some legs are the rural residential markets in and surrounding the hinterland townships. The market is still yet to recover and remains fairly soft. There is an ability to purchase these properties at below replacement costs which has to hold you in good stead for the future.
“The future upside magnifies if you can afford to get into the $700,000 to $800,000 range where you really do get a lot of home for your money.”
Units in small complexes with low body corporates and near to beaches (typically built in the 1980s) still provide good value at below $300,000, and up to around $400,000 for the refurbished ones, however this market has been picked over in the best areas like Alexandra Headland and Cotton Tree. 
The Sunshine Coast market has been in recovery for some time now. 
“Doing your homework to buy well, and ensuring your investment horizons are more long term, are two ways to try and get the best results.”
The continued good news story of the Sunshine Coast University Hospital, due for completion in 2017, and other infrastructure projects planned for the coast should hold us in good stead. 
As an illustration of the sub-$500,000 market, Property Observer found a three-bedroom, two bathroom house at <a href="https://www.realestate.com.au/property-house-qld-kawana+island-122449458" target="_blank">5 St Lucia Crescent, Kawana Island, Qld 4575</a> which recently sold for $470,000.
<img src="/images/2016/07/25/Sunshine%20Coast.jpg" alt="">
 
 
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For the $500,000 property market, Sunshine Coast offers long-term capital growth: HTW

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The development arm of Dubai's Najibi Group, Sanand Capital, has dedicated more than $400 million for an 'active lifestyle' development on Queensland's Sunshine Coast.
The project will feature a world-first wave reservoir, a world-class waterpark and extreme water sports facilities, a prestigious sports training and development centre, as well as a 4 star hotel, exhibition and conference centre.
The project is set to offer 2000 direct and indirect jobs throughout construction, adding $60 million per year to the economy throughout the build phase, totaling $260 million to completion according to Sanad Capital’s chief executive Bradley Sutherland. 
He said the master "active lifestyle" hub is located in the tourist corridor and will contribute to the consolidation of active leisure and tourist attractions in the Sunshine Coast region. 
“Essentially, this will strengthen the viability of the surrounding tourism infrastructure and increase the area’s competitiveness as a regional and international tourist destination,” he said.
“On the Sunshine Coast, the current hotel market is under represented because of the risk associated with this type of development.
"The hotel component will be a major attraction for the Coast and help the region compete with Brisbane and the Gold Coast, as new brands start to enter the market."
Construction is due to begin in 2017.
For further information <a href="https://sanadcapital.com.au" target="_blank">click here</a>. 
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