Noosa Market Report - July 2011

The top end of the Noosa real estate market flexed its muscle this month with the sale of Thomas Muster's Bayview Road mansion high in Little Cove for $4.9 million. This sale was followed by two luxury beach front apartments sold (off the plan) in the proposed Sandpiper development in Hastings Street.

Strong sales continued on the waterfront with the sale of a home with deep water access in Witta Circle, Noosa Sound. Offering 44 metres of prime deep water access the home sold for $3.68 Million. A waterfront home in Noosa Waters sold for $2.7 Million as did two older style homes in the $1.5 million range.

There are still bargains being had with a North-facing waterfront allotment selling at $825,000 on Shorehaven Drive, Noosa Waters. At the peak of the market this block was worth in excess of $1.6 Million.

A front row apartment in the Park Cove building in Little Cove sold for $1.375 Million. It seems the word is now out that Noosa represents great value now and investors are taking action especially in the top end of the market.

We are advising all our landlords and clients to rethink their investment position. Now is the time to take advantage of the market for long term gain. We are finding many of our long term clients have built up considerable equity in their property holdings and upgrading to a better location or securing a second property at now discounted levels is a real option.

Finance is easy to obtain and attractive offers are being made to qualified clients from banks flush with cash.

Contact me to investigate your options to improve your holdings in Noosa while the opportunities exist. In 12 to 24 months time it's very likely all this will truly be history as the market up cycles.

Kind regards,

Dan Neylan
 Director
 0412 764 370