10 Sep 2012

Noosa Real Estate Market Report

A run of the most incredibly beautiful weather has set the spring market up for a great start. Recent visitors from Victoria and NSW have all been enjoying their holidays in the warm sunshine and have gone back home raving about their stay in Noosa.

The start of Spring in the interstate market of Sydney has kicked off to a strong start with an auction clearance rate of 68%.  Noosa too is seeing a great deal of buyer interest right now.   Many people are taking advantage of the massive price correction which occurred.   This, in Noosa, is really is a very rare phenomenon.    It’s always a dilemma for people who wait too long for the market to drop further, but we need to provide a little warning:  we are now seeing a bounce off the bottom,  For example last month three of the iconic “Fairshore” apartments transacted, starting at $2mill, but when buyers went scurrying to find another, the price had increased and in fact we sold it for $2.2mill.   Another example is a home on Noosa Sound.  In April 2011 it sold for $4.3mill and last month it sold for $4.725mill.    We are seeing more and more instances of these 10% rises because of the scarcity of properties and some people missing out on their dream home while waiting for the prices to drop.    Many people have secured some terrific properties for wonderful prices.

R&W Noosa will be presenting a collection of stunning properties to our Spring Collection Auction

AUCTION ONSITE: 10am Saturday 29 September 2012

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