Noosa Market Report - May 2012

The Noosa Market remained consistent over May, it’s a quieter time of year for us, it seemed buyers took that time to get out and look at property.    

There were several sales on the NoosaBeach front this month, most of the action was in the now renovated Fairshore building ranging from $2 million to $2.15 million.  This is a significant change as there has been almost no action on the beachfront for 24 months. This due to the well healed nature of the ownership on the closely held strip.

We sold another luxury waterfront in June, this one in excess of $2.7 million, this is the fourth home of this calibre in the last six months sold by this office, it's pleasing that we have this level of reach into the prestige market.

The land development Noosa North Rise is selling well as expected given the extreme value the land sites offer. Located in the heart of Noosa sales have been from $280,000 to $325,000.

The developer has just 20 blocks left and is currently offering to pay the stamp duty on purchases signed up before 30th of June to offset any stalling by buyers waiting for changes to stamp duty scheduled for July 1st.

The affordable end of the price range continues to turn over with consistent sales in the $400,000 to $600,000 range, expected interest rate cuts are likely to help this sector.

The best buys continue to be in the higher price ranges as sellers quit properties for other opportunities, those selling and buying in the same market have been the most willing to look at offers as they repurchase back into property at equally discounted levels.

With some great weather about and equally great events scheduled for Noosa over winter, it’s a case as steady as she goes until the spring selling season.  

 

Kind Regards              

 

Dan Neylan

Director

0412 764 370