Noosa Market Report - February 2014

Sales over February did not start with the bang we hoped for after a steady amount of sales in January. February can be best described as consistent, sales stifled only by a lack of available property for sale. We predicted this stock shortage well before Christmas and the market activity has slowed as a result. Fortunately for sellers, buyer enquiry remains strong; buyers are taking action on appropriately priced property. The best buys remain in the top end of the residential home market where excellent value continues to be offered

Holiday apartments are another area where great buys are there to be had. Apartments offering an excellent location and amenities are available at very reasonable terms with good growth potential, we are just beginning to see these get snapped up.

Property values rose 1.4% on the Sunshine Coast last year according to RP Data. When applying this to Noosa we are experiencing sales examples at this level and higher, so this is a good indication for both buyers and sellers.

With Easter approaching there is a fresh selection of property coming onto the market, this brings new opportunities for buyers that will see more sales and more confidence across the Noosa market place.

Kind regards,

Dan Neylan
Director
0412 764 370