Noosa Market Report - August 2012

What a great August! The weather has been perfect and buyers have been out in force snapping up Noosa properties.

We have experienced great attendance at our auctions and open homes in all areas. We sold 14 properties this month ranging from residential homes to holiday apartments and vacant land in the Noosa Northrise development.

Prices have remained stable; buyers continue to respond to value in the market place by making offers. There is no doubt confidence is coming back into the market which often signals a lift off the bottom of the market.

We have a great line up of Noosa properties coming onto the market over spring, which is attracting huge interest from all quarters.  There has been a significant shift to auctions in Noosa and the market has benefitted by a greater turnover and a clear picture of values. Both sellers and buyers have responded to this creating a more fluid market place.

Our auction clearance rates remain at 70% -including sales before, at auction and within 60 of auction day. We find buyers that purchase during these periods do so as a result of the auction marketing.

The availability of selected property types in certain areas is tightening up considerably; this eventually puts pressure on price although there is a decent road to travel yet.

If you’re considering selling we are now approaching the ideal time to expose your property to the maximum number of buyers. We have many buyers waiting for new options to come onto the market.

If you’re a buyer there will be a good selection of properties, expect there will be competition for the best positions and best value. 

 

Kind Regards

 

Dan Neylan

Director

0412 764 370