Noosa Market Report - January 2014

Clear evidence is emerging that the Autumn selling season will be just as strong as the Spring 2013 season in Noosa - with other markets such as Brisbane also on track for a good start to the new year.

Auctions so far over February have been strong if the properties are priced or pitched right - there were several examples of multiple bidding and strong prices being paid for property over the weekend.

This indicated new confidence on the sellers side after many years of the market being perceived as only a buyers market. Supply remains tight as sellers wait to sell and see if better prices lay ahead.

The wave of activity in Noosa has been encouraging, a result of good weather and a vibrancy experienced by visitors backed by strong results down south sending buyers our way. The sitters are well and truly off the fence, all of which is encouraging for the Autumn period.

It's clear from the latest RBA statement that the biggest factor influencing our property market - interest rates - are going to stay low for some time. Add to that the 'fear of missing out' factor, with more people who sat on the sidelines during Spring now having the confidence they need, and we're looking at a very positive Autumn season.

The market to really watch this year will be South-East Queensland. That's the market with the best potential for capital growth over the next few years and many commentators seem to agree.

We're hearing a lot more about Brisbane, the Gold Coast and Noosa in today's media as things are definately looking up in these areas.

Exciting times are ahead...

Kind regards,

Dan Neylan
Director
0412 764 370