Numbers speak the truth about the trends in the real estate market of Australia. For example, Sunshine Coast has witnessed an annual growth of about 4.6% in the real estate market. The median price of homes was AUD 1115000, which is about 25% more compared to the price existing about 5 years ago. The boom in price of Sunshine Beach real estate is attributed to higher demand and also the demographic shift of population to this wonderful tourist and commercial hub of Australia.
Apart from the demographic shift, increasing number of tourists and people relocating from overseas also have contributed to the boom in Sunshine Beach real estate market. Sunshine Coast offers enormous development opportunities. Recently, the local council has approved 16 multiple dwelling units and the overall ground floor area is estimated to be about 1910 m2.
In addition to this, several dual living properties have also come up at various locations of Sunshine Coast. But, despite several dwelling units coming up, the supply does not keep pace with the demand leading to higher price in the Sunshine Beach real estate market.
On the other hand, the Government of Australia has taken an appropriate action to regulate the growth of new dwelling units. For example, in order to ensure healthy growth of real estate market, the Australian Prudential Regulation Authority (APRA) has taken several measures to effectively regulate the ever-growing real estate Noosaville wide and in other parts of Australia.
Steps for Buying Real Estate
If you are looking for suitable homes for sale Noosa market has today, then there are certain essential factors that need to be considered. In the first place, you will have to look for a reliable and reputed real estate firm. The real estate agent must have a thorough knowledge of the market trends and also complete details of the property that you are planning to buy. In the next place, you should ensure the property has a fair price tag. In order to ascertain this, you may have to make independent enquiries with some of the local people and also visit the appropriate website of the Government of Australia. Now, you should look for an experienced attorney to verify the legality of the ownership or title to the property of the prospective seller. Further, you should inspect at least four or five houses for sale Noosa has to offer before you shortlist your choice. In short, investment in real estate is a lifetime investment. Therefore, you should exercise abundant caution before you strike the deal.