Noosa Market Report - August 2010

Signs have appeared this month to indicate stronger movement in the upper end of the market place. This trend has been forming over recent months.

Luxury apartments continue to perform well. Sales include a luxury apartment in the 'Alderly' building, Little Cove, selling for over $2 million. The upper level apartment has sold at 46 Park Crescent, Little Cove, reportedly in excess of $5 million. A 'Hastings Park' apartment overlooking Hastings Street and Main Beach, sold in the low $3 million range.

This clearly indicates to buyers that long term Noosa owners are securing prime positions now, while they can, and before the competition mounts.

The residential sectors are also experiencing a similar lift in activity, with the sale of a luxury home in Saltwater Avenue, Noosa Waters, in the $3 million range, which is on the back of several sales in the $3 to $4 million range of waterfront homes on Noosa Sound.

I have always said that it doesn't take much for the Noosa market to up cycle. Noosa has lost nothing of its unique appeal that has built its reputation as the premier resort town on the Eastern seaboard.

Life is too short to be waiting to "see what happens". Noosa will always be here, you might not, so why wait? There's never been better buying.

Kind Regards,

Dan Neylan

Director