Sunrise Beach is an average performer in QLD when comparing median price capital growth over the last year. Sunrise Beach gave property investors a average capital gain figure when compared to the rest of the state, with -0.79%.
Over the longer term, Sunrise Beach has seen property prices show investors a 21.62% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Sunrise Beach are currently offering property investors an average price cut of -6.29% below the asking price at the moment.
Using the current median advertised rental of $660 and the average annual increase in value of a median property of 3.87%, investors should hope to achieve an overall return of 4.02%
Property investors who have had real estate in Sunrise Beach, 4567 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.78%
When looking at the potential capital gains offered to property investors over the last 3 years, Sunrise Beach comes in at number 14th in QLD.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.46% offered to property buyers. Sellers in Sunrise Beach itself are offering an average vendor discount of -6.63% to real estate investors.
Situated 117.51km from the CBD, Sunrise Beach is one of Noosa (S) localities in the postcode 4567.
Information supplied by:
Good for the short and long term
Median unit price: $830,000
Three-year growth: 36.1%
Rental yield: 3.4%
Sunrise Beach is an instant hit among residents and holidaymakers, if only for its proximity to the famous Hastings Street in Noosa.
Unlike its trendy neighbour, Sunrise Beach has a much more relaxed vibe. The beach is lined with beautiful golden sand, and the entire suburb is bordered by Noosa National Park. The area west of Sunrise Beach is a haven of wineries, markets offering fresh produce and lovely views of the water.
The suburb’s popularity is clearly reflected in its astonishing value growth. The house market has been recording price increases in the double digits since 2013, with the median value hovering around $800,000. These properties take a while to sell, however, at 90 days on the market. The weekly rent rate comes in at less than $550 on average, and landlords are able to reap good yields.