Crawling with suburbs, Australia’s real estate market is changing extremely fast. With more and more people deciding to move away from the hustle and bustle of the city to these peaceful areas in the outskirts, every real estate builder, investor, and agent in the country is keeping a keen eye on these suburbs. Whether you are buying, renting, or investing, it is important to know which suburb is right for you. Where Queensland is concerned, buyers and sellers have found greater success in looking beyond the metro, and it seems this trend will continue as the Tewantin region is showing a lot of character in terms of real estate.
Located on the Noosa River, Tewantin was a small, friendly village and the launching point for the vehicular ferry to the Noosa North Shore. Originally a timber town, Tewantin started prospering in the late 1800s on the local gold, timber, and fishing industries. The demand for real estate in Tewantin has been on an all-time high with investors and real estate developers looking to buy lands in the area.
Tewantin has a population of just 10,920 people with 26.37% of its occupants living in rental accommodations. With 500$ per week median rent, the median rental yield in real estate in Tewantin is 4.22%. The median listing price for houses remains $581,000 and hasn’t changed over the past year. Tewantin is one of the fastest-growing real estate markets in Australia which is why almost every real estate company has been eying real estate in Tewantin.
The Demand to Supply Ratio is great in real estate in Tewantin for both houses and units. Home sellers in real estate in Tewantin are generally getting the price they advertise so it is fair to say that the capital growth in the area will stay ahead of the national average.
Tewantin is also a major tourist attraction for people with its strong legacy towards Australia’s history in war. With a range of shopping centers, restaurants, pubs, bars, and a number of beaches in the Noosa region, Tewantin is bliss for travelers. Every year endless numbers of people migrate here in search of a residential or commercial real estate investment making Tewantin real estate market one of the busiest real estate markets in Australia. It is a center of attraction because of its luxurious apartments and beautiful riverside location that is highly in demand by the locals as well as international customers making it a high-rated holiday destination for visitors throughout the year.
Tewantin is located at the doorstep of the Noosa River and is a few minutes away from some of the nicest spots for swimming in the whole Sunshine Coast. Its close proximity to Peregian Springs, Eumundi, and Cooroy, also contributes to its popularity in the real estate market. The area is very family-friendly, with a peaceful and safe environment, with a great selection of local schools, and a community with a thriving spirit. Moreover, the climate factor is also vital as compared to other destinations making it one of the top attractions in Australia. Tewantin is a safe place for families which is the main reason that this beautiful suburban area is always at the buyer’s top priority list.
When it comes to hiring a real estate agency in Tewantin, Robert James Realty is a name that you can rely on. Bringing you unparalleled technology, passion, and dedication for customer service, so that you can be sure whether you list, sell, buy, or rent in real estate in Tewantin with us as we make a great deal of effort so that you have your peace of mind throughout the procedures. Our proven ability to achieve extraordinary results in the most desired sectors of the real estate market in Tewantin makes us the best real estate agent, servicing the Tewantin community with our real estate knowledge and services.