Market Report December 2008

  It seems we faired better than most this summer with good occupancies despite the economic downfall. The trick will be maintaining levels during off peak periods. The Noosa real estate market is performing much like the rest of the country, with sales occurring at prices lower than previous sales, with turnover numbers also slower.

 It is a time of opportunity with several of Noosa's trophy properties coming available.

 One such property is 62 Park Rd (The Cocos site), located at the entrance to the National Park with views of the point and out over the bay. This large 1131 sqm site will take up to 3 apartments with council consent and is ideal for a partnership to develop and keep.

 We also have a unique double waterfront site on Noosa Sound, 29-31 Wyuna Drive, which has a house on one block and enjoys a north-east aspect looking down the river.

 It seems people are looking at their second chance to secure properties they thought would never come up again. We are excited about the prospect of a busy real estate market throughout 2009. It is often surprising how little demand Noosa needs to shorten up available stock.

 We expect further interest rate cuts to drive investors out of low yielding cash and into well located, historically high growth trophy properties or discounted investment properties.

 The team at Dowling & Neylan Real Estate would like to wish you a prosperous 2009!

 Kind Regards

 Dan Neylan
 Director