08 Nov 12
Noosa market was strong again this month with increases in open home visitation, auction attendance and general enquiry. We put twenty contracts on the board this month which is above average.
This activity is being duplicated across South East Queensland even on the over supplied Gold Coast. Off plan sales in Brisbane are just incredible particularly around the Fortitude Valley / New Farm area.
There's no doubt there's been a shift in confidence impacting on real estate. Is it a coincidence this has occurred after a change of state government? I don't think so!
As we run into summer I expect more of the same, stock will continue to take up as long as properties are offered at a level buyers see value. As this continues we will eventually see pressure on price. At best this will be well into next year.
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