Noosa Market Report - January 2015

The Noosa market continues a strong run of sales with the top end of the market performing well.

Two homes were sold on Noosa Parade both in the $4 Million range. A home with a narrow waterfront in Cooran Court sold for just over $2 Million and another home we auctioned in late January currently has two offers being considered.

Waterfront sales continued in Noosa Waters with the sale of 15 Waterside Court at $1.55 Million, 51 Shorehaven Drive selling just over $1.6 Million and finally the sale of a vacant allotment on Shorehaven Drive for just under $1.2 Million completed our run of waterfront successes.

On the beachfront we sold a luxury residence in Orient Drive for well over $1.6 Million. Also on the beachfront, 52 Seaview Terrace a fantastic beachfront home, was sold for $4.8 Million with 50 Seaview Terrace also selling.

General residential sales remain strong. The current release at Noosa Northrise is selling fast and we expect this stage to sell out by the end of the month. This is not surprising given it is the only land available in central Noosa. The final stage will see an increase in prices when released later this year, the final opportunity to build so close to everything.

This year Dowling & Neylan were nominated as a finalist in the Real Estate Institute of Queensland Awards for Excellence as one of Queensland's Large Residential Agencies of the Year. As previous finalists of the Small Agency of the Year category and previous winners of the Medium Agency of the Year category, we know how hard it is to win these awards let alone be nominated as a finalist against agencies such as PLACE Real Estate in Brisbane who have grown to 220 personnel and several offices. Maaike Hillegers from our Permanent Rentals department was also nominated as a finalist in the Property Manager of the Year category, an absolute credit to her professionalism leaving no doubt our property management is above standard.

We continue to prosper here in Noosa, with a sales force employing 19 people and another 11 involved with our two rental businesses. Noosa owners continue to gain the rewards from our evolving premium service and we look forward to the year ahead.

With low interest rates continuing there is little doubt the real estate market will continue to be resilient and prosper. Green shoots have well and truly sprouted across the market and need to be allowed time to grow to the previous healthy state. 

Kind Regards,

Dan Neylan
Director
0412 764 370