Old vs. New: Which Property Offers the Best Value on the Sunshine Coast?
By Leigh Martinuzzi | Martinuzzi Property Group – eXp Australia
When it comes to buying a home on the Sunshine Coast, one of the most common questions buyers face is whether to go for a brand-new build or an established home. Both have their appeal, and both can make sense depending on your goals. The decision is rarely straightforward, but it’s worth unpacking the real value that comes with old versus new.
The Appeal of Older Homes
Across Queensland, older homes still make up the majority of the housing stock, and here on the Coast they’re often found in prime locations, close to schools, shops, and transport, not to mention those leafy, established neighbourhoods buyers love. Places like Palmwoods, Buderim, and Nambour are dotted with character homes that offer charm, bigger blocks, and mature gardens that a new estate simply can’t replicate.
For many buyers, it’s also about value. Older homes are generally more affordable on a square-metre basis compared to new builds, and often come with the bonus of extra land. That extra space is a big drawcard for families, whether it’s room for a pool, a shed, or just space for the kids to play. Another upside is potential, buying a solid home with “good bones” gives buyers the chance to renovate over time, tailoring the property to their lifestyle and adding capital value along the way.
Of course, the flip side is maintenance. Older homes may require more upkeep, and buyers need to budget for things like wiring upgrades, plumbing, or even replacing the roof. That said, many of our local buyers see this as an opportunity rather than a drawback, it’s a chance to put their own stamp on a home while reaping the long-term rewards of capital growth.
Just as importantly, when purchasing an established property it’s essential to invest in a professional building and pest inspection. A good inspector can identify issues that aren’t always obvious at first glance, from termites to structural weaknesses. While it’s normal to factor in some improvement costs, you want to be confident the home’s integrity is sound and that you’re not buying into major hidden problems.
The Case for New Builds
New builds have their own strong appeal. On the Sunshine Coast, growth corridors like Palmview, Harmony, and Aura are attracting a steady stream of buyers with sleek, modern homes. These properties tick a lot of boxes: open-plan layouts, stone benchtops, double garages, high energy ratings, and the peace of mind that comes with builder warranties. For many busy families or downsizers, the thought of moving into a home where nothing needs fixing is incredibly attractive.
There are also financial incentives to consider. First-home buyers may be eligible for Queensland Government grants when purchasing new builds, which can help tip the balance in favour of brand-new properties. For investors, depreciation benefits are much stronger on new homes, which can make them a smart tax-effective choice.
That said, there are some important things to keep in mind before diving into a new build. Since the pandemic, building costs have risen significantly, and the construction industry has faced real pressure. Sadly, we’ve seen cases where building companies have folded mid-project, leaving buyers in difficult situations. This makes it vital to do your research, choose a builder with a solid track record and a reputation for quality. Don’t be afraid to ask for references, check their completed projects, and confirm their financial stability.
There’s also the question of quality. To manage rising costs, some builders have turned to cheaper materials or rushed finishes, which can impact the long-term durability of the property. While most reputable companies still deliver great homes, buyers should go in with their eyes open and ensure they understand exactly what’s included in their contract.
Which Is Better Value Right Now?
Ultimately, the “better value” comes down to the buyer’s situation. Families seeking space, lifestyle, and long-term growth may see more value in older properties in areas like Palmwoods, Woombye, or Buderim. Buyers who want low maintenance, modern design, or access to government incentives may find better value in new builds in Palmview or Aura.
On the Sunshine Coast, we’re seeing steady demand across both categories. First-home buyers and investors often lean toward new homes, while upsizers, downsizers, and lifestyle buyers tend to see the upside in established properties. What matters most is understanding your priorities, are you looking for convenience, character, or long-term growth?
Final Thoughts
There’s no universal right or wrong answer when it comes to buying old versus new. Both options have clear advantages, and both can deliver excellent outcomes depending on your goals. What’s important is looking beyond the surface. For some, that means embracing the character and land size of an older property. For others, it’s about the peace of mind that comes with a brand-new home.
If you’re weighing up your options here on the Sunshine Coast, I’d be happy to sit down and help you explore what’s going to deliver the best value for your lifestyle and budget.
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