Gaining a New Perspective

The Sunshine Coast is one of the most visually spectacular locations in the world. It’s only natural for savvy buyers to seek out key property positions with views representing the best value before they are priced out of the market.

For those relocating to the Sunshine Coast it can be difficult to identify which areas offer both the best views and value considering proximity to the beach, education facilities and amenities.

Keep an open mind during your property search

Pricing a view is not an exact science but as more  properties are constructed in an area, chances of finding a great view will become increasingly difficult. Hence, properties with a view command a range of premiums which are likely to rise further in the future!

If you can’t afford a view right now, consider other suburbs in your region where a view is more affordable. Broadening your search radius may even change your mind about where you actually want to be.

There are many fantastic suburbs across the Sunshine Coast, each offering a multitude of lifestyle options. It’s certainly worth being open-minded when conducting your property search!

The value of an uninterrupted ocean view

A view can be one of the most attractive aspects of a home. Knowing that you paid the right price for it can make the scenery that much more enjoyable.

The following breaks down the impacts of various types of views on a property’s final price.

• 10 to 30%: A home partway up a hill with a partially obstructed water view over neighbours’ rooftops could increase the overall price by 10 to 30%. It depends on how much of your field of vision the view fills, both vertically and horizontally. In this example, a home otherwise worth $500,000 might fetch $550,000 to $650,000.
• 30% to 50%: An unobstructed view. You might have neighbours above looking down onto your house, but you have a nice water view. With this clearer view, a $1,000,000 property could sell for $1,300,000 to $1,500,000.
• 50% to 75%: Envision a home atop a hill with an unobstructed ocean view. To buy the $1,000,000 property in this location, a buyer might have to pay $1,500,000 to $1,750,000.
• 75-100% or more: Finally, imagine a house with a stunning, unobstructed view of a big lake or the ocean. This type of prized view can boost the value of a home worth $500,000 in an ordinary location to $1 million or more.
  

Ken Guy Buderim’s experienced team of real estate agents knows the Sunshine Coast intimately.  Contact us today to speak with an agent and better target your search for Sunshine Coast property market value.

Explore the listings we currently have available using our  ONLINE SEARCH TOOL