Sunshine Coast units peaked in 2008: Herron Todd White
The unit market around the Sunshine Coast is patchy, according to Herron Todd White, who believe the market peaked early 2008 and unit sales activity halved to their lowest point in 2012.
Herron Todd White's September Month in Review said sellers became more accepting of the repriced unit market with an increase in volumes in 2014 and sales volumes and median prices are on track to beating that in 2015.
"Unlike houses, the unit values have increased but far more slowly with a median unit price in 2014 of $352,000," the report noted.
"In 2015 we are on track for sales volumes and median prices to better 2014. Most of the activity is below $500,000 which accounts for 77% of the sales.
"The median unit price reached around $370,000 in 2008 and the volume of sales reaching 4,465 for 2007 and 3,337 for 2008. After this, sales halved to their lowest point in 2012 at 2,290 sales and a median unit price low of $345,000."
