Sunshine Coast lifestyle draws record number of interstate buyers

7/12-14 Broadmeadows Road, Maroochydore
Sold by Rowan Woodbine for $927,500 on 7th June 2021

If the uncertainty of the last twelve months due to COVID-19 has taught us anything it’s the importance of lifestyle choice.

So, it’s not surprising that we have seen an increasing number of people from interstate flocking to the Sunshine Coast to enjoy all that our beautiful region has to offer.

Fortunately, in today’s age of modern technology, potential bidders no longer need to be physically on site at an auction, with Facetime and virtual tours making it easier than ever to buy a property remotely.

“One of the biggest factors is that people don’t have to work in an office anymore, so they would rather live where they want rather than where they work,” says Ray White Maroochydore agent Rowan Woodbine.

“If they need to travel a day or two a week, they are happy to, so they can enjoy all the benefits of living on the Sunshine Coast.

“In the next five to ten years we are going to have all the amenities of a city. We have a plethora of cafes, restaurants, bars, the stunning Hinterland and the most beautiful beaches in the world, who wouldn’t want to live here?”

In fact, it came down to two interstate buyers at the recent auction of 7/12 Broadmeadows Road, Maroochydore, with bidders from Canberra and the Blue Mountains in NSW going head to head on the day to secure the beautiful apartment.

“This is a unique property. Given it is a townhouse on the water, there is nothing else relative or comparable, so we knew it would have a lot of interest,” says Rowan.

“We could have sold it off market quite easily, but we wanted to do the hard work and get the best offer for the vendor in today’s competitive market.”

Spiking a huge amount of interest as soon as the property was advertised, Rowan held several virtual inspections throughout the campaign and knew there would be strong competition from interstate buyers.

Drawing a crowd of more than forty people on the day, with many neighbours coming out to watch the action, excitement was high as principal Dan Sowden auctioned the coveted property on the jetty overlooking the water.

“We had three registered bidders, two of them were bidding via the phone from the Blue Mountains and Canberra, which added to the mystery and hype on the day. Knowing that a property is getting the attention of interstate buyers always adds to the excitement,” says Rowan.

Bidding started at $700,000, eventually selling under the hammer for $927,500 to the delighted buyer from the Blue Mountains, which was $52,500 over the reserve price.

“The buyer has two sons who live on the Sunshine Coast. He is planning on renting it out for five years until he retires because he knows it is only going to get harder to secure such a property on the Sunshine Coast in the next five to ten years,” says Rowan.

Smart move. Are you from interstate and looking to secure a property on the Sunshine Coast? Give one of our friendly team a call today.

Written by Ingrid Nelson