Sunshine coast's hotspot

FKP Property Group's Peregian Springs has emerged as the Sunshine Coast's property hotspot, topping all neighbouring suburbs to record a recent 13.4 per cent rise in house prices...

The Real Estate Institute of Queensland June quarter median house prices showed Peregian Springs defied a downward trend across the rest of the Sunshine Coast, to post a double figure increase.

According to REIQ, the median house price at Peregian Springs for the period was £283,000 up from £249,000 in the March quarter.

In contrast, prices across the Sunshine Coast's local Government area dropped an average 1.2 per cent for the June quarter. Noosa Heads saw a 36.9 per cent drop in the median house price across the June quarter, down to £290,000.

FKP's Executive General Manager Land, Mr Bryan Jackson said Peregian Springs, which already has more than 2000 residents, continued to evolve in its eighth year of development.

"When we first conceived Peregian Springs, our aim was to create a community that would offer residents the lifestyle they want, right at their doorstep," said Mr Jackson.

"After starting out with residential precincts, the community has grown to include the St Andrew's Anglican College, a private 18-hole golf course, and even business suites.

The addition of the Coles supermarket and the 15 other retail tenancies was a massive step in the development of Peregian Springs."

Currently, 29 traditional lots are available in Peregian Springs, ranging in size from 525 sqm to 783 sqm, and priced from £131,500 to £144,800.

Mr Jackson said the newest residential addition, Ridges Peregian Springs, will be community-titled.

FKP creates homes for thousands of Australians as part of a £2 billion property development pipeline.

Source: FKP