Noosa Market Report - February 2009

Sales over February proved a mixed bag of both residential and holiday style investments.

It seemed there was no rhyme or reason to the direction purchasers were taking, only that most sales were price driven - in other words, if it wasn't a bargain then buyers were not interested. That hasn't changed, however we have seen buyers enter the market in greater numbers, many with the notion that now is a good time to buy property, taking money out of low yielding cash investments into property and the prospect of long term capital gains and the benefits of personal use.

There were three sales on the water in Noosa Waters, all at significantly reduced prices.

Nothing has sold on the Sound, it seems there's some movement needed here for sellers and buyers to reach common ground.

In Little Cove a rarely available house sold in Kareela Avenue in the $2 million range.

Australia , known as the land of opportunity, is certainly living up to it's reputation as many of the better located properties are now available at very attractive prices, there's no doubt those with the funds and inclination to purchase these prime properties will be the big winners in years to come.

Kind Regards

Dan Neylan