Sunshine Coast Property Market Update – June 2025
By Leigh Martinuzzi | Martinuzzi Property Group – eXp Australia
What’s happening in the market, and where is it all heading?
This past week, I found myself drawn to a compelling chart from CoreLogic’s June Housing Chart Pack. It compared annual price growth across our capital cities — and here’s the standout: the gap between the strongest and weakest performing markets is now just 9.8 percentage points, the narrowest spread we’ve seen since March 2021.
Why does that matter?
Well, contrast it with August last year, when that difference blew out to 26.1 percentage points — the widest since the mining boom and pre-GFC years. That period marked the last time we saw such a fragmented national market. Now, it seems things are evening out.
Melbourne, a city that’s seen slower growth over the past couple of years, is starting to gain traction again as affordability improves. Meanwhile, previously hot markets like Adelaide and Brisbane are starting to cool — not due to lack of interest, but due to rising prices and reduced affordability, especially for interstate buyers and investors.
Nationally, property prices continue to rise:
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Up 6% over the past year
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1.2% in the last quarter
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Total value of Australia’s residential property market now sits at $11.37 trillion — another all-time high
Add to that the news that median house prices nationally have ticked over the $1 million mark, rising 0.7% this quarter and 4.2% annually, and it’s clear: property demand is still strong.
What’s Driving Demand?
There’s a mix of forces at play, but a key one is interest rates. We’ve already had two cash rate cuts this year, and speculation is growing around more to come. That has buoyed buyer sentiment, especially in the sub-$1 million price range, where demand is red-hot.
In fact, we’re seeing this play out here on the Sunshine Coast. Affordable, well-presented homes in that price bracket are attracting multiple offers, huge enquiry volumes, and consistent open home traffic. One of our recent digital campaigns saw 2,800+ more property clicks than the average listing in that area, purely by leveraging a smart online strategy and knowing how to reach active buyers.
On the flip side, homes priced over $1 million are experiencing a bit more caution from buyers — unless they’re top-quality or offer something special. This is where buyer value perception becomes critical. Poor presentation or overpriced listings are being overlooked, especially in the current climate.
Supply Still the Issue
Although we did see an uptick in advertised stock in May — with 35,069 new properties listed nationally in the four weeks to June 1st — we’re still tracking behind. That figure is 7% lower than this time last year and 1.9% below the five-year average.
The increase does mark an 11.1% rise from the recent low in April, when public holidays and uncertainty around tariffs impacted seller activity. However, even with this recent boost in new listings, total stock on market remains extremely tight.
Nationally, only 133,725 properties were listed for sale over the four weeks to June 1 — the lowest count for this time of year since 2007, when approximately 115,000 properties were on the market. This undersupply continues to fuel competition, especially in high-demand, affordable segments of the market.
Auction clearance rates also rebounded last week to just over 70% nationally, following a dip caused by the King’s Birthday long weekend in some southern states. That quick recovery is another sign of strong buyer confidence.
Final Thoughts
What we’re seeing is a market that’s still full of opportunity — for both buyers and sellers.
Buyers: if you’re in that sub-$1M category and have your finances lined up, the time to act is now — before competition heats up further or prices surge again post-rate cuts.
Sellers: if your home falls in the affordable or mid-range category, this could be a golden moment to list — especially if you’ve prepared it well and priced it strategically.
As always, I’m here to help you navigate your property journey — whether you’re thinking of buying, selling, or just want to understand what your home might be worth in this market.
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