Market Report August 2008

As we swing towards spring we have experienced an increase in both buyers and new listings.

Over the past month there have been consistent sales in the middle market between $600,000 and $1 Million.

A waterfront home on Noosa Parade sold in the $5 million range and a home right at the top of Bayview road in Little Cove also sold in the mid $4 Million range. These sales are signs that the prestige end of the market remains strong for prime locations with views. Noosa Waters is now starting to sell, with waterfront properties having had some adjustment in price resulting in 4 sales in the last 3 weeks.

The non waterfront property is selling equally as well with 5 sales over the past month. A new land development behind Noosa Waters will see a consistent supply of vacant land come onto the market towards the end of the year. We are finding recent interest rate falls are having a positive effect on the market as buyers that have been standing in the shadows waiting to make their move are now coming out and looking around at property. We recently viewed the display apartment at the new Noosa Sanctuary development to be managed by Quay West. We were pleasantly surprised by the quality of the finishes and the appeal the natural environment (in which the development is located) offers owners and guests.

 The dual key apartments offer owners the ability to utilise a portion of the apartment for a private retreat while letting the rest of the apartment and maintaining returns.

If you would like further information on this development please contact the office and we will send you an information pack.    

 
Kind Regards

   Dan Neylan

   Director