MARKET REPORT - APRIL 2008

Like most of the country sales in Noosa have slowed over the last month. I have always found this is short lived in Noosa, but it does create great opportunities to purchase property in prime locations that usually doesn't come up for sale. A good example is the top level Cove Point apartment we are auctioning, the likelihood of securing a position like that again in the near future is at best unlikely.

There have been 2 reported sales over $7 Million on the beachfront and on the sound there are currently three homes for sale at over $8 Million. It will be interesting to see how the market responds to these properties. Most of the action has been in the sub Million range this month, we do expect this to swing over the coming weeks as buyers realize the value on offer for some of these prime positioned property. Smart investors are definitely circling the market now trying to snare a good buy against the general market trend, taking advantage of the quality selection on offer while its available to purchase .

Kind Regards,

Dan Neylan
Director