Noosa Market Report - November 2013

Approaching Christmas, the Noosa market continues to perform well. Whilst the amount of property for sale has dwindled, there are still a consistent number of buyers around ready to purchase if the price is sensible.

Notable sales this month include an apartment in 'Cuvee' Little Cove which sold close to $3.5 Million, and the old Cocos site is under contract well in excess of $4 Million. The buyer is planning to build a house on this site, which will really be something when complete.

We sold a rare vacant allotment in Little Cove Road for just over $1 Million and we also contracted 14 Angler Street, one of the best homes on Noosa Hill, for just under $2.2 Million.

Holiday bookings are strong for Christmas and we expect Noosa to be full of tourists, so those wishing to purchase will be met with limited choice.

Looking to the New Year, we expect a flood of property onto the market, and many sellers will be trying for a higher price level but it remains to be seen if this is possible in the absence of solid sales data to support a price shift.

Those looking to sell would be better served to list prior to Christmas while stock is short.

Long term we are solidly heading in a positive direction, both buyers and sellers are talking positive which in itself can have an impact on sales.

Thank you for your support over the year and our team here look forward to assisting you in a prosperous 2014.

I wish you and your family a properous and fullfilling 2014.

Kind regards,

Dan Neylan
Director
0412 764 370