Noosa Market Report - October 2013

The Noosa market continued to flourish this month with sales turnover remaining strong. Our office has secured sales across sectors of the market place.

From waterfront investment units, which are experiencing a resurgence in interest at the moment, to waterfront homes and land which have been strong for some time and now are becoming of short supply. It seems Noosa's popularity as a moying destination continues to strengthen as general home sales remain strong and supply is now strained. It won't be long before we experience price pressure here, buyers should have moved by now if looking for the bottom of the market.

Sellers still must remain diligent to list at recent price levels, there is no evidence of premiums yet however new ground can be tested due to shortages in supply.

Looking forward to Novemeber we expect more of the same, we have a shortage of new property to sell, something all agents are experiencing. Buyers will have to move assertively to seure proeprties as competition will definately be present.

Kind regards,

Dan Neylan
0412 764 370

Follow the below link to see an independent market report direct from Herron Todd White Valuers.