Herron Todd White (one of the country’s leading valuation firms) has just released their Property Clock report for August 2019, showing that the Sunshine Coast is at the highest point in the market cycle. Please click here to read their report.
There is no question that we on the Sunshine Coast have enjoyed a tremendous period of sustained property growth, driven by a growing population and a number of key infrastructure projects that will support us well into the future.
So if we are now at the peak of the market, where is the next step?
In our experience markets move in cycles, and while the Sunshine Coast will have its highs and lows we have found that we are much less volatile than other parts of the country. What we do believe is that our market is now at a peak and the next likely step will be a slowing in the market. This brings a potential opportunity for sellers to exit their property and capitalise during this market high.
Spring through to Summer are our busiest months of the year when it comes to property turnover, so if you are looking to move on from your home in the coming 12 months then we would recommend you carefully consider this next period of time.