Nambour: Sunshine Coast’s Hidden Gem Continues Its Remarkable Rise
By Leigh Martinuzzi | Martinuzzi Property Group – eXp Australia
Nambour, a vibrant hub nestled in the heart of the Sunshine Coast, has been on an incredible trajectory, showcasing phenomenal property growth over the past five years. If you’ve been watching the market, you’ll know exactly what we’re talking about – dwelling prices here have surged by an astounding 90% in just half a decade!
A Closer Look at the Numbers
Let’s dive into the latest statistics that paint a clear picture of Nambour’s thriving real estate landscape:
- Median House Prices: Currently sitting at a robust $785,000, Nambour’s median house price has seen a significant 10.4% year-on-year increase. This consistent growth highlights the strong demand for homes in the area.
- Active Sales Market: In the last 12 months, Nambour has recorded over 180 sales, demonstrating a healthy and active market.
- Speedy Sales: Properties are still moving quickly, with an average time on the market of just 29 days. While this has extended slightly, it remains remarkably short, indicating that buyers are eager to secure a piece of Nambour.
- Buyer Demand Soars: According to RealEstate.com.au, there are currently 3,521 active buyers specifically looking for properties in Nambour. This immense buyer interest is a testament to the suburb’s growing appeal and affordability compared to other parts of the Sunshine Coast.
The Rental Market: A Win for Investors
The positive trends aren’t limited to sales; Nambour’s rental market is also experiencing strong growth:
- Rising Rental Prices: Rental prices are up 4.8% year-on-year, with the median weekly rent now at $650.
- High Tenant Demand: There are currently 841 renters actively seeking properties in Nambour, far outstripping the available supply.
- Quick Leases: In the past 12 months, 215 properties have been leased, with an impressive average time on the market of just 15 days. This low vacancy rate makes Nambour an attractive prospect for investors.
Why Nambour?
It’s no surprise Nambour is experiencing such a boom. It offers a unique blend of affordability, community charm, and excellent connectivity to the wider Sunshine Coast. As one of the most accessible and value-for-money suburbs in the region, Nambour continues to draw in a diverse range of buyers and renters
Looking to Make Your Move?
Whether you’re considering selling your Nambour property to capitalize on its remarkable growth, or you’re looking to enter this dynamic market, now is an excellent time to explore your options.
Ready for your complimentary suburb report or a property valuation? Reach out to the team at MPG today – we’d love to help you navigate the thriving Nambour market!
Schedule a free market appraisal
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Prefer a printed or PDF suburb market report? PM me directly or give me a call/text and I’ll send one out.
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