News & Finance

 

Noosa Market Report - August 2014

The Noosa Real Estate market continues to perform well, buoyed by low interest rates. With strong markets in Sydney and Melbourne, we await greater demand as predictable northern migration occurs.
Industry statistics indicate this is not occurring as yet, namely due to solid employment in southern cities (despite recent employment figures). However northern migration is a well documented result of rising southern markets, leaving us convinced we will start to see this shift soon.

Investment activity is increasing, most noticeably in the Waterfront apartment and Hastings Street apartment sales. Low interest rates are providing a poor cash invested result, over 40% of purchases made in Queensland last year were investment based (source RP Data).
We had solid sales across local markets last month - we sold two waterfront homes just under $2 Million each in the well known Anchorage in Noosa Waters and a beautiful Stephen Kidd designed home in Masthead Quay for $2.35 Million - this home had been sold by another agent several years ago for $2.1 Million and it was sold at the peak of the market for $3 Million.

So there is plenty of growth left and is a good indication of the market returning and how it is now recovering.

We sold a vacant lot in The Promontory for $1.2 Million - This land was worth $900,000 3 years ago, another example of the market returning. A quick sale resulted for the owners of a Little Cove Town House Apartment, which we sold for $700,000. We also contracted an apartment in the 'Tenalga' building on Allambi Rise, Little Cove, for $500,000.
There were numerous other sales of residential properties across Noosa in the sub-million range which remains a strong area of the market starting to really feel the pinch of almost no new land supply left in Noosa.

A lack of homes in the sub $500,000 range is resulting in many buyers turning to purchase apartments in small buildings, taking up potential rental properties and adding significant pressure to rental availability and rents.
One small area of land remainging is the Noosa Northrise estate - we released the third stage this week, receiving over 80 enquiries in the first 4 hours via a private release - this 3rd stage consisting of 18 lots is likely to sell out within the first week.

Kind regards,
 

Dan Neylan
Director
0412 764 370

Older News Releases

Noosa Market Report - July 2014 Noosa Market Report - June 2014 Noosa Market Report - May 2014 Herron Todd White Month In Review - June 2014 Noosa Market Report - April 2014 Noosa Market Report - March 2014 Noosa Market Report - February 2014 Herron Todd White Month In Review - March 2014 Noosa Market Report - January 2014 Herron Todd White Month In Review - February 2014 Noosa Market Report - December 2013 Noosa Market Report - November 2013 Noosa Market Report - October 2013 Noosa Market Report - September 2013 Noosa Market Report - August 2013 Noosa Market Report - July 2013 Noosa Market Report - June 2013 Noosa Market Report - May 2013 Noosa Market Report - April 2013 Noosa Market Report - March 2013 Noosa Market Report - February 2013 Noosa Market Report - January 2013 Noosa Market Report - December 2012 Noosa Market Report - November 2012 Noosa Market Report - October 2012 Noosa Market Report - September 2012 Noosa Market Report - August 2012 Noosa Market Report - July 2012 Noosa Market Report June 2012 Noosa Market Report - May 2012 Noosa Market Report - April 2012 Noosa Market Report - March 2012 Noosa Market Report - February 2012 Noosa Market Report - January 2012 Noosa Market Report - December 2011 Noosa Market Report - November 2011 Noosa Market Report - October 2011 Noosa Market Report - September 2011 Noosa Market Report - August 2011 Noosa Market Report - July 2011 Noosa Market Report - June 2011 Noosa Market Report - May 2011 Noosa Market Report - April 2011 Noosa Market Report - March 2011 Noosa Market Report - February 2011 Noosa Market Report - January 2011 Noosa Market Report - December 2010 Noosa Market Report - November 2010 Noosa Market Report - October 2010 Noosa Market Report - September 2010 Noosa Market Report - August 2010 Noosa Market Report - July 2010 Noosa Market Report - June 2010 Noosa Market Report - May 2010 Noosa Market Report - April 2010 Market report - March 2010 Noosa Market Report - February 2010 Noosa Market Report - January 2010 Market Report - December 2009 Market Report - November 2009 Market Report - October 2009 Market Report - September 2009 Noosa Market Report - August 2009 Market Report - July 2009 Market Report - June 2009 Noosa Market Report - May 2009 Noosa Market Report - February 2009 Noosa Market Report - April 2009 Noosa Market Report - Archive January 2009 Market Report December 2008 Noosa Market Report - Archive November 2008 Market Report - October 2008 Market Report September 2008 Market Report August 2008 Market Report July 2008 MEDIA RELEASE - JUNE 2008 MARKET REPORT - MAY 2008 MARKET REPORT - APRIL 2008 MARKET REPORT - MARCH 2008 MARKET REPORT - JANUARY 2008 MARKET REPORT - DECEMBER 2007 MARKET REPORT - NOVEMBER 2007 MARKET REPORT- OCTOBER 2007 MARKET REPORT - SEPTEMBER 2007 MARKET REPORT- JULY 2007 MARKET REPORT - JUNE 2007 MARKET REPORT - APRIL 2007 MARKET REPORT - MARCH 2007 MARKET REPORT - JANUARY 2007 MARKET REPORT - SEPTEMBER 2006 MARKET REPORT - AUGUST 2006

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