Source: domain.com.au/news/where-house-prices-have-risen-the-most-over-the-past-five-years

House prices have doubled or risen even more over the past five years in a string of sought-after hotspots, often by the beach, new figures show.

The stunning growth reveals the effect of the sea-change trend that was gathering steam pre-pandemic but has taken off since the widespread shift to remote working.

Noosa has been drawing southern buyers, sending Sunshine Beach house prices soaring 161.1 per cent in five years to a median of $2.2 million, Domain data shows.

Noosa Heads rose 88.6 per cent over five years to a median of $1.495 million, while along the Sunshine Coast, Minyama jumped 138.1 per cent to $1.375 million.

The area has seen interest from prestige buyers, with a Sunshine Beach trophy home fetching $17 million in May last year, snapped up by former prime minister Kevin Rudd and his wife, businesswoman Therese Rein. A Noosa Heads home sold for $10.91 million in a deal linked to Gina Rinehart.

The top two performing suburbs are on the Sunshine Coast with Sunshine Beach performing the best!

SUBURB MEDIAN HOUSE PRICE FIVE-YEAR CHANGE

Sunshine Beach $2,200,000 161.10%

Minyama $1,375,000 138.10%