Noosa Market Report - July 2012

The Noosa market showed encouraging signs again this month with consistent sales across all areas.

Some areas are beginning to show signs of shortages of properties in certain price ranges and property types, which puts pressure on buyers. This is particularly evident for waterfront homes on both Noosa Waters and Noosa Sound. Homes in the sub $500,000 range are also in short supply especially along the coastal strip to Peregian Beach.

Opportunity abounds with unique offerings surfacing such as the 4 apartments in the Tingirana Building currently being offered for tender.

Hastings Street is now experiencing its fair share of sales with several French Quarter apartments selling in the $500,000 range. Equally the Sebel is experiencing similar results.

There were several sales on the beachfront in recent months mainly in the Fairshore building in the low $2 million range.

The North Rise land release at the rear of Noosa Waters continues to show value and sell well. There are just 15 allotments remaining for sale and buyers are snapping them up. Construction has started again in the estate.

As we move towards warmer months we expect results to improve and turnover to continue at now reviewed price levels.

 

Kind regards,

Dan Neylan

Director

0412 764 370