Buyers are still flocking to the Caloundra South growth corridor in drove, despite a consistent rise in house prices.

Coronis agent and Baringa specialist Josh Butler said Aura’s first suburb had become the “ideal” for buyers seeking established homes and services, proximity to greater Caloundra and long-term growth potential.

“In the rolling 12-month averages, we have seen our median house price grow to $775,000,” Mr Butler said.

“We are also on track for a record number of $1million+ homes being sold this year, boosting the overall total as well.

But Mr Butler said competition for housing stock in a competitive market remained strong.

“If you have felt like properties sell quickly, we have seen the average days on the market come from 44 down to 29 in the space of a year as well,” Mr Butler said.

“My personal stats are 18 days on the market, but it has led to a lack of stock, meaning there are more engaged buyers coming to opens and multiple offers being presented to the owners.

“Amazingly, out of the 1700 + homes in Baringa, we sell between 130-150 each year, with this year-to-date figure showing that a majority of sellers have had ownership more than five years.

He said anyone thinking of selling should consider marketing their home in the lead up to the festive season.

“For the run into the end of year, it is typically our busiest time of the year,” he said.

“Anyone with a three-bedroom home will have very high demand from both investors and owner-occupiers.”

Aura’s southern counterpart, Nirimba, was also making sales records, with some bargains to be found in recent months.

Coronis Nirimba specialist, Debi Marr said the Nirimba house price had dropped in August 2024, with a median house price was $790,000, reflecting a 2.5 per cent decline in price from July.

“Although prices are still up 15.8 per cent year-on-year from August 2023, only eight sales were recorded, marking a 33.3 per cent drop from July and a 27.3 per cent decrease compared to August of last year,” Ms Marr said.

“Despite fewer sales, the days on market improved by 9.8 per cent from July but are still 25.9 per cent longer than August 2023.”

Ms Marr said, from a market sentiment perspective, three trends are emerging.

“One, there’s growing urgency among owner-occupiers, many of whom have sold their previous homes or have leases ending, making them eager to find properties that meet their timelines,” she said.

“Two, buyers are increasingly looking beyond current listings, eager for homes that are yet to hit the market.

“And three, in a market where buyers are becoming more cautious and concerned about overpaying, transparency is key – a clear, well-communicated pricing strategy, backed by data and insights, reassures buyers and builds trust, reducing their fear of overpaying.”