Yandina property sells for record $1.16m

RE/MAX Property Sales Nambour Selling Agent Scott Walters, left, and Principal Tristan Brown.

A record sale in Yandina is proof that hinterland real estate demand is still high, according to agents.

A four-bedroom, two bathroom family home on 900sq m at 17 Maroochy Circuit sold for $1.16m, the highest-ever price for a Yandina home on a block with an area under 1000sq m. 

It beat the previous record of just over $1.1m. Incidentally, it also broke the record for a block with an area under 1500m2.  And it wasn’t just one buyer who sought above-market value. There were, in the end, five offers over the asking price. It was the fifth $1million-plus property to have sold in Yandina.

Selling Agent Scott Walters from RE/MAX Property Sales Nambour said Yandina still had a quiet, country feel that was attractive to tree-changers who also wanted premium property with easy access to the Coast and Brisbane. 

“So it’s convenient for the new work-from-homers who may need to go into the office two or three days a week in Brisbane,” he said.

 Mr Walters said the record-setting home also presented exceptionally well and ticked every box. 

“Everything’s a really high in quality,” he said. “All the fixtures & fittings are exceptional. The addition of a very extravagant glass bead, fresh water pool was well received by buyers. It just had all of those little one percenters done right.”

RE/MAX Property Sales Principal Tristan Brown said the sale showed buyers were still seeking the good life in the hinterland which seemed to be fairly insulated from the wider cooling market. 

“There may be a slight softening, but the buyer demand is still very active,” Mr Brown said. “And there are buyers out there who still see value at levels that we haven’t witnessed previously. You can get a really premium outcome, provided that your marketing and pricing expectation are still meeting the market.”

Mr Brown said “process and strategy” were critical in getting a solid price. “We prefer, for this market, to put a price on the homes we sell ... run them with an ‘offers-over’ strategy,” he said. 

“This encourages multiple offers and, unlike auctions, doesn’t rule out buyers who require subject-to-finance or sale conditions. That’s what we are seeing generates the best outcome. 

“It’s no surprise that the two record sales in Nambour were also achieved through that exact same sales strategy. And Scott’s gone and done it here in Yandina.”

Woombye, Palmwoods and Nambour were also still generating strong buyer enquiry. “We’ve definitely seen a big change for Woombye elevating to the top,” said Mr Brown. “And Yandina is now starting to catch up and compete with Palmwoods pricing.”