Noosa Market Report - Archive January 2009

The town has been very busy this January with plenty of guests and day trippers in Noosa enjoying the fabulous weather.

Sales were reasonable considering the times, with most sales occurring in the later half of the month. On the beachfront, an apartment in 'On The Beach' sold in the low $2 million range. Small apartments off the beachfront look good buying recently, with a one bedroom French Quarter apartment having sold for $310,000.

What can you get anywhere for $310,000?

On Noosa Hill, a penthouse apartment on Edgar Bennett Ave sold in the $1.8 million range which is a very good price; a block of old units in Angler Street sold in the low $1 million range and a home in Mainsails Square sold in the high $800,000 range.

Along Noosa Sound, a waterfront apartment sold in the $900,000 range and an older style house sold in Wyuna Drive in the mid $2 million range and in Sunrise Beach, a home in Netherby Rise sold at $1.1 million. Homes in Noosa Heads are still available in the $400,000 range, ideal for small investors.

With another 1% interest rate cut in February it is likely we will see more activity from investors trying to purchase well, as they take money out of low-yielding cash and into property. There are absolute bargains to be had at present, we are finding some of Noosa's most sought after properties becoming available, creating unique buying opportunities.

Kind Regards

Dan Neylan