2020-12-17 Ordinary Meeting Agenda

ORDINARY MEETING AGENDA                                                                   17 DECEMBER 2020


Figure 2 Residential dwelling sales for Noosa Shire statistical areas compared to broader Sunshine
Coast region

                     Residential dwelling sales for 12 months ending 30 June 2020
 Statistical Area               Detached dwellings            Attached dwellings                  Total dwellings
 Noosa Hinterland                            $645,000                     $356,000                      $632,500
 Tewantin                                    $600,000                     $350,000                      $586,000
 Noosaville                                $1,100,000                     $550,000                      $770,000
 Noosa Heads                               $1,200,000                     $900,000                      $965,000
 Sunshine Beach                            $1,360,000                     $760,000                      $960,000
 Peregian – Marcus                           $935,000                     $570,000                      $830,000
 Sunshine Coast SA4                          $641,000                     $460,000                      $589,000
Source: Department of Natural Resources and Mines, Office of the Valuer-General, Property Sales

Figure 3 Median rents across Noosa Shire statistical areas compared to broader Sunshine Coast
region

                          Median rent for 12 months ending 30 September 2020
 Statistical Area              1 bedroom flat        2 bedroom flat            3 bedroom              4 bedroom
                                      or unit               or unit                house                  house
 Noosa Hinterland                         $300                  $358                  $450                  $550
 Tewantin                                 $300                  $370                  $485                  $550
 Noosaville                               $350                  $438                  $570                  $670
 Noosa Heads                              $403                  $460                  $665                  $770
 Sunshine Beach                           $350                  $450                  $575                  $750
 Peregian – Marcus                        $298                  $400                  $625                  $678
 Sunshine Coast SA4                       $310                  $390                  $465                  $540

Regular review of the rental market through the month of November 2020 has revealed very low
numbers of available dwellings not exceeding $500 per week anywhere in the Shire. Of these, most
are one or two bedrooms only, many are secondary dwellings, and some are removed from urban
services or transport.

Construction costs are also quite high, and reflect the high land values. Reviewing new house builds
through the Shire for the 2 year period to end of October 2020, 48 houses had a project value (which
does not include land value) of over one million dollars, a further 71 had construction value between
$500,000 and $1,000,000. Even units, duplex dwellings or manufactured homes in retirement
communities tend to start at a construction cost of around $220,000 per dwelling.

The greatest number of new builds occurs in the Noosa Hinterland statistical area, although there
are more multiple dwellings constructed in Noosaville and Noosa Heads.

2.    Social Housing

The Department of Housing and Public Works owns over 180 detached houses in Noosa Shire, a
few duplexes and approximately 20 unit blocks. Little new public housing stock has been added in
recent years. Some units are reaching the end of their asset life and will hopefully be redeveloped.
The latest addition of new units in Moorindil St ran at a reasonably high delivery cost.


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