Noosa Market Report - June 2014

The Noosa Market is running strong right through winter with consistent sales across all price ranges and agents are experiencing shortages of supply as buyers continue to seek out property for residence and investment.

Continued low interest rates and increasing confidence is fuelling a steady market return. Sales under the million mark are attracting heavy interest if priced well and marketed properly.

Double offers from multiple buyers are common and so are premium sale prices if properties are extensively marketed. Sellers are wrong to think "I'll just put it on the market and sell for a premium", they may sell, but premium is coming from creating competition.

The top of the market is responding well to auctions, again, properties priced correctly and marketed widely are selling. Others that are listed without marketing or are multi listed are being overlooked.

It seems buyers are responding to excitement around a property, those assuming the big money is not out there are incorrect. If the right property comes up buyers are acting, they know the prices are still reasonable and won't last; the value in Noosa is becoming increasingly obvious compared to other areas particularly prime areas in the city.

Good weather is having a positive impact, we are having a mild winter and holiday bookings are high.

There are plenty of properties coming onto the market in Spring; we are encouraging sellers to get in early while there is less competition as buyers are here now trying to purchase.

With the benefit of plenty of sun we are in for a bumper real estate season over the second half of this year. I expect some more solid signs of recovery from sales results across Noosa.

Kind regards,
 

Dan Neylan
Director
0412 764 370