Dowling & Neylan Real Estate was established in Noosa Heads on Queensland's beautiful Sunshine Coast long before the rest of Australia discovered its charms and today offers the level of understanding and expertise that comes only from experience and long association.
Conveniently located in the heart of Hastings Street, Dowling & Neylan Real Estate is your entrance to Noosa.
It's been one of those years in the real estate market when fortunes
are lost and for the brave, there's potential for fortunes to be won.
Like many areas of Australia we witnessed property values adjust in
some parts as much as 20% and turnover slow to a crawl. From mid year
things began to look up with increases of turnover starting to eat away
at an over supplied market. Prices achieved were at lower levels but at
least we could see where the market was at and be able to advise people
accordingly.
During that time there was the odd
record sale that bucked the trend and reminded us that Noosa still
offered the very special allure. Several properties in prime locations
became available for purchase at very good price points and buyers
snapped them up. We approach the end of the year with properties
selling in the new price scale set this year and as yet there is little
solid upward movement in values.
Some market places are showing signs of stock shortages and turnover
continues to be solid as confidence returns. Interest rate rises, while
loathed by some, gives confidence to others that our economy is
underway again. If the tightening of available property for sale
continues there will definitely be upward pressure on values over the
New Year.
It is still a very good time to purchase in Noosa and take a long term
view to capital growth. It is unlikely that a better time will surface
in coming years. If you're considering upgrading your holding now
would be the time to do it before the upper end of the market place
experiences the same level of activity seen this year in the bottom and
middle sectors.
All the best for Christmas and the New Year, if you are visiting town please drop in to say hello.
If you would like any further information, please feel free to contact me on 5447 3855.
Dan Neylan
Director