Sunshine Coast Market Picks Up Momentum in September
By Leigh Martinuzzi | Martinuzzi Property Group – eXp Australia
September was a reminder that Australia’s property market still has room to grow. After several interest rate cuts earlier in the year, the spring season has re-energised buyer confidence and market momentum.
According to Cotality, national home values rose 0.8% in September which is the strongest monthly rise in a year. That pushed quarterly growth to 2.2%. This growth came from low advertised supply, which remains well below historical averages for this time of year. Analysts from PropTrack and other commentators note that many markets are hitting new record values. Buyer confidence is up, and fewer homes are available.
Boost for First-Home Buyers: Home Guarantee Scheme
From 1 October, the expanded Home Guarantee Scheme began. It allows first-home buyers to purchase with just a 5% deposit. The updated policy removes income and price caps, opening the door for more buyers. Demand is expected to rise, especially for affordable properties.
Affordability Still a Challenge
Despite improving conditions, affordability is still a concern. Many buyers face rising living costs and borrowing limits. Most analysts expect slower growth ahead. If inflation rises or interest rates change again, momentum could ease or reverse.
Sunshine Coast Market Snapshot
Here on the Sunshine Coast, September showed strong buyer activity and limited stock. SQM Research reports asking prices across Southeast Queensland are rising. Brisbane house prices rose 1.8% last month and over 10% this year. Sunshine Coast data follows a similar trend.
Locally, we’ve seen fewer new listings than expected for early spring. Many homeowners appear cautious and are holding back. As a result, competition is rising. Well-presented homes in top locations often receive multiple offers. Time on market is dropping for move-in-ready homes.
Not all areas are growing equally. Coastal and hinterland suburbs show strong results due to lifestyle appeal and limited supply. In contrast, homes needing renovations or in fringe areas are moving slower. Buyers are careful with price. While some homes sell above reserve, others stay on the market longer when overpriced or poorly presented.
Interest is growing in development sites and land. Limited new supply and rising build costs are pushing demand. Even blocks with challenges are getting more attention, especially smaller or infill lots.
What Should Homeowners Do Now?
Thinking of selling in the next 6–12 months? Now is a good time to start. Buyer demand is rising, and the market remains competitive. If your home is in good condition and priced right, you may attract serious interest.
Planning to hold? Use this time to prepare. Strategic upgrades like fresh paint, garden updates, or energy-efficient features, can boost appeal without major cost. These changes help shorten time on market and increase buyer interest.
Not sure what to do? That’s okay too. The best approach depends on your property and goals. You don’t need to rush, but having a plan helps.
Get Clear Advice and a Free Appraisal
If you’re curious what your home might be worth in today’s market, especially after this month’s shifts, reach out for a free, no-obligation appraisal. We’re here to help you make confident decisions, whether you’re selling soon or just weighing your options.
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