Locals Katherine and Luke Carter with their dog, Hank, at Moffat Beach, where house prices have gained the most in the state in the past three months and 40 per cent in the past year. Picture: Lachie Millard.
WITH its perfect point break, vibrant cafe culture and postcard views, Moffat Beach is no longer the Sunshine Coast’s hidden gem.
Once a sleepy, seaside haven, the Caloundra suburb is now a busy beachside destination for holidaymakers and Brisbaneites looking to escape the city — and you’ll need deep pockets to afford a house there.
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An aerial view of Moffat Beach on the Sunshine Coast, where house prices have grown 40 per cent in the past 12 months.
Moffat Beach’s median house price rose 11.7 per cent to $1.2 million in the past three months, and has seen extraordinary growth of more than 40 per cent over the past year, according to CoreLogic.
Trent and Sam Reynolds bought their first home in Moffat Beach 11 years ago for $495,000 and have just sold it for $1.3 million.
Mr Reynolds said they were happy with the sale price, even though they had extensively renovated the property.
This property at 66 Nothling St, Moffat Beach, recently sold for $1.3m.
“It’s been a massive increase,” Mr Reynolds said. “Demand in Moffat has definitely risen.
“It’s getting busier and busier, which is one of the reasons we decided to leave. Also, yard size — we wanted to upgrade to a bigger block.”
The Reynolds have not moved far, buying acreage in the Caloundra suburb of Little Mountain.
Harcourts Caloundra owner Luke Carter, who sold the Reynolds’ property at 66 Nothling Street, said the family had made a “great return on their sale”.
This three-bedroom, three-bathroom house at 59 Nothling St, Moffat Beach, is for sale by negotiation.
Mr Carter has lived in the Caloundra area most of his life. He and his wife, Katherine, and their dog, Hank, live in a house on a triple block in Moffat Beach, which he bought for $1.1 million in the middle of the global financial crisis.
“People said I was crazy, but it’s now worth $3 million-plus,” Mr Carter said.
Surfers love Moffat Beach for its point break. Photo: Patrick Woods.
He said most people looking to buy in Moffat Beach were either locals upgrading or families from Brisbane looking for a second home or an investment until they retired.
“Moffat is unique because it’s a north-facing beach,” he said. “Only a handful of beaches on the east coast face north.”
He recently sold a house for a suburb record of $1.4 million in nearby Battery Hill, where house prices gained 10.7 per cent in the past three months.
This property at 12 Culla Culla St, Battery Hill, in Caloundra, is going to auction.
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