Noosa Market Report - Archive November 2008

There is a lot to be excited about in and around Noosa looking forward to 2009. After years of planning and 12 months of hard work the new look Hastings Street restaurant and cafe strip is now completed and looks spectacular.

 It really is a breath of fresh air and we are assured that Noosa will continue to attract visitors from around the country and overseas well into the future.

Like many parts of the country the Noosa Real Estate market has experienced a slowing of turn over which has resulted in some properties sold under pressure. There has been a slight fall in values creating great buying opportunities, but on the whole the market here is standing up well.     

With interest rates being reduced by 2% in the past 3 months investor confidence is certain to grow as leading economists predict more reductions into 2009 further stimulating the housing market.  The Noosa real estate market has proven itself to be very resilient and, regardless of the many peaks and troughs over the years, values continue to rise in the long term. In years to come, we will surely look back at the end of 2008 and early 2009 and remember it as a time full of great buying opportunity.  

Summer is now upon us and we are excited about the prospects of a busy real estate market throughout 2009. We look forward to assisting you with any of your real estate needs over the summer holidays.  The team at Dowling & Neylan Real Estate would like to wish you a safe and happy Christmas and a prosperous 2009!