July 2015 Market Report
title: July 2015 Market Report
description: Noosa properties across all price ranges have been selling.
og:image:
RICHARDSON & WRENCH NOOSA https://assets.boxdice.com.au/richardson-wrench-noosa/attachments/13a/512/rw_logo_v2.png?1e1686791b6a5da08ab81c03d491f370

July 2015 Market Report



Record low interest rates have had a significant impact on the residential property market in the first half of this year with prices surging across the major capital cities.   Sydney and Melbourne have increased by 16.2% and 10.2% with average days on market 26 and 32 respectively.    Whilst the Noosa market isn’t running as hot as these two markets, we are seeing a steady stream of cash from these two cities making its way up to Noosa with holiday homes and apartments once again being snapped up.   Mums and Dads are also back in the bricks and mortar market also because they aren’t earning sufficient interest in the banks.  As well, Australian expats are buying because the low Australian dollar is making us specially good value.    In the past 6 months Noosa has risen in value – without doubt.   It is now difficult finding properties for buyers, they are becoming fewer and the choice is very limited. The Sunshine Coast has been named Queensland`s fastest growing property market, with the Noosa region being the jewel in the crown. There has been a big turnaround in the so-called `lifestyle market` with increased consumer confidence. A lack of stock is increasing competition on properties, and therefore prices. We think sellers are holding off for our Spring market, they can get a very good price now, but Noosa in Spring is just gorgeous.

 

We are also seeing better clearance rates at auctions, with good attendances and multiple registered bidders. When the market is buoyant, auction is a very effective way to market a property, securing not only a result in a good time frame but often prices exceeding owners` expectations.

 

Properties across all price ranges have been selling.   We’ve sold a variety of properties in the last month from a Noosa Waters’ waterfront home for $2.4mill, a 1 bedroom Noosa beachfront apartment for $1.6mill, a Sunrise Beach family home for $895,000, all the way down to Hastings Street apartments in the $400,000 to $600,000s.   

Testimonials

We are really pleased to have listed and sold our property with Gillian and the team at R&W Noosa. The current market is full of contradictory news and views, Gillian navigated them very well. She was able to focus on the key issues that were going to attract buyers to our property. This is really helpful for both vendors and buyers alike. We live overseas, so trust was crucial. She kept us informed of the progress throughout the period of the marketing campaign but didn’t bombard us with trivial issues. When auction day arrived, we had a clear understanding of where the market was. Gillian had attracted a number of registered bidders that exceeded our expectations and ultimately led to our successful auction outcome. If you are after honesty, integrity and results, then Gillian is the agent for you. Whilst tireless in her efforts, she also knows how to leverage the experience from her colleagues at R&W Noosa.
Pete and Amanda Morris