Noosa Market Report - December 2011

Noosa has been absolutely busting with people enjoying the excellent weather. It's been a reminder for many people just how good Noosa is.

Rental occupancies are filling up fast as we come out of Christmas. Before and after the summer break is the best time to rent a property as people move into town.

Often a higher rent can be achieved at this time or a property let faster in contrast to June or July.
 It is important to try and ensure your property does not come up for relet in winter when there are less tenants and rents can be lower to compete.

Over the Christmas break we have been busy with a flurry of inspections which only now are converting to offers: sellers still must be realistic, if so, buyers will purchase.

Sales include 2 waterfront apartments in Noosa Harbour, a 2 bedroom for $880,000 and an un-renovated 3 bedroom apartment on the ground floor for $1.14 Million. We also sold a waterfront apartment in Noosa Shores for $760,000 which never hit the market. A north facing waterfront home on Noosa Parade sold for $2.75 Million, a similar level to other comparable homes sold recently in this sought after location.

We had a great Auction down at Peregian Beach selling a little beach side cottage under the hammer for $582,000 with 6 registered bidders hard at it to secure the location.

Approval has just been granted for the first regular flights out of Maroochydore airport to mining destinations. Its great news fly in fly out service has been established, we hope this will be expanded over the coming year. It will be a huge benefit to the coast.

Going forward, 2012 should show some improvement over 2011 with higher sales turnover. A change of government via a state election will help boost confidence. Large spending on infrastructure is having a huge impact on Queensland this impact is only just starting to have an effect here.


Kind regards,

Dan Neylan
Director
0412 764 370