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.
The Noosa Real Estate market
continued along like most of the country this month, with the majority of sales
in the bottom end of the market under $1 million.
Holiday investment apartments continue to be
difficult to shift unless they offer excellent value as there are less of the discretionary
funds used for these types of purchases around at present. The top end of the
market is moving, but very slowly, purchasers are paying up to $500,000 below
the asking price. The number of properties available for purchase in the $2
million plus end of the market has built up to significant levels, indicating
less buyer activity in the higher end, and sellers need to consider a new price
or withdraw from sale.
The residential market generally is more buoyant than earlier in the year and
turnover has increased. Small investors are back in the market looking to buy
well, and take advantage of low interest rates. Sales this month include luxury
homes on the waterfront at Noosa Waters ranging from low $2 millions to low $3
millions.
Sunshine Beach has been slower this year but we
have secured a contract on a home in Whale
Drive for just under $1.5 million, a similar price
to those achieved 3 years ago. A home just sold on the high side of Seaview Tce
for $2.2 million, listed at $2.4 million which was a great result.
Many local agents have gone towards auctions to move properties, while there has been some success, the percentage of sold properties compared to those auctioned and now unsold is rather low. A luxury apartment in Gympie Terrace sold at auction for $1.9 million, a great result in this market. Now is the time to secure a better positioned property in Noosa or an additional property at an exceptional price. If you’re considering upgrading to a better position, there’s no better market place or time than the present. Feel free to call the office on 07 5447 3855 if we can be of assistance.
Kind Regards
Dan Neylan
Director