Transfer over Noosa – this suburb is the Sunshine Coast’s subsequent hotspot

A suburb as soon as seen as a sleepy small city is quick incomes a repute as a future Noosa, because of inexpensive dwelling costs, nice faculties and facilities, riverside place, and shut proximity to pristine seashores.

This pocket is among the final remaining well-price components of the Sunshine Coast area, which is dwelling to Queensland’s most costly suburb, Sunshine Seaside, with its median home value of $2.65 million.

That hefty price ticket has seen consideration shift to cheaper options within the Noosa Hinterland, which prior to now three years noticed a inhabitants improve of 4.2% – a further 7200 residents.

But when the leafy cities of Cooroy and Eumundi are a tad too rural on your liking, Tewantin presents a main alternative to snap up an inexpensive dwelling that is simply 10 minutes from the seashore.

“Tewantin provides higher worth for cash than anyplace else within the Noosa Shire,” Luke Burton of Harcourts Noosa stated.

“It comes with greater and flatter blocks than neighbouring suburbs and nonetheless has a median home value under the Sunshine Coast’s $1 million-plus determine.”

Nation city vibes in a prime location

Tewantin was the unique settlement of Noosa Shire and is now its central enterprise district.

Primely located on Noosa River, it’s the launching level for the vehicular ferry to Noosa’s North Shore, Nice Sandy Nationwide Park, and Fraser Island.

“It’s arguably the very best location within the area due to the simple entry to nature and in addition being solely a 10- to 13-minute drive away from the hustle and bustle of Hastings Road and Fundamental Seaside,” Mr Burton stated.

“It’s quieter than Noosa with a small nation city really feel to it – and it has a robust, social neighborhood.”

That’s a sentiment echoed by Paul Rily from Intelligent Property Noosa.

“Persons are a bit friendlier in Tewantin,” Mr Rily stated.

“You’ll all the time stumble upon a well-known face who will say hiya. It’s additionally received some nice faculties and is barely a 10-minute bike trip from Gympie Terrace.”

A altering of the guard

Having lived and labored in Tewantin since 1999, Mr Rily has seen ther city emerge from a sleepy retirement village of 15,000 dwellings right into a vibrant household neighborhood of 45,000 properties.

“After I first moved right here, 70% of residents have been over the age of 65. Now there are an increasing number of folks aged of their mid-30s upwards.”

Luke Barton has additionally noticed a shifting demographic since Covid.

“Older owners are downsizing and transferring out and youthful households are transferring in, so it’s very a lot a altering of the guard for Tewantin,” he stated.

“We’re additionally getting numerous consumers transferring to the world who’re wanting extra worth for cash.”

An awesome dwelling in an distinctive location for below $1 million sounds too good to be true. Image: realestate.com.au/purchase

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Inform ‘em the worth, son

PropTrack knowledge reveals the median home value in Tewantin is at the moment $952,500 whereas the median unit value is $775,000.

As compared, neighbouring suburbs include a far heftier median price ticket – Noosaville’s median home value is $1.76 million and Noosa Heads’ is $2.05 million.

For consumers seeking to construct a brand-new dwelling, Mr Rily stated Tewantin gives a number of the space’s final alternatives to purchase an inexpensive plot of land.

“You may nonetheless purchase a block for below $700,000. You gained’t discover a higher land value anyplace else in Noosa Shire, until you’re keen to maneuver up into the hills.”

The lure of coastal residing

Throughout the pandemic, there was a mammoth migration from cities to regional areas – particularly so within the Sunshine Coast area, PropTrack senior economist Eleanor Creagh stated.

And that development has remained elevated relative to pre-Covid averages, even when the tempo has eased considerably, Ms Creagh stated.

Tewantin is a boatie’s dream with a full-service marina. Image: Getty

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This shift has been evident within the Tewantin market, Mr Rily stated.

“We’re nonetheless seeing a robust mixture of consumers, with round 50% from Sydney, Melbourne, and Brisbane, and the opposite half being native consumers from extra prosperous suburbs like Sunshine Seaside and Noosa Heads who’re cashing in.”

Mr Burton not too long ago offered two properties, one at 12 Leafhaven Drive and the opposite at 14 Leafhaven Drive, to consumers from Brisbane and Melbourne.

A household transferring from interstate snapped up this four-bedroom dwelling late final yr for $885,000. Image: realestate.com.au/offered

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“They have been searching for four-bedroom properties near the seashore and had budgets of $1 million, so Tewantin was the right choice,” he stated.

“You may’t get an awesome dwelling with 4 beds below 1,000,000 anyplace else right here that near the water.”