Market Report – September 2013
title: Market Report – September 2013
description: Noosa is buzzing. We are now benefiting from a significant upswing in tourist numbers from mainly southern guests as well as expats returning for some well earned R&R in Noosa.

Market Report – September 2013

Noosa is buzzing. We are now benefiting from a significant upswing in tourist numbers from mainly southern guests as well as expats returning for some well earned R&R in Noosa.

Hastings Street is undergoing a number of renovations. As well, the long awaited “Sandpiper” apartments have now been completed and 2 of the 3 apartments are now sold and settled, the ground floor apartment at $8 million and the mid floor at $6 million. Rodd & Gunn have taken the lease on the Sandpiper shops and have completed a stylish shop fit that complements both the building and the street.

It is really pleasing to see that The Sheraton Noosa has finished an extensive upgrade both internally and externally. The remodelled Cato’s bar and restaurant has been receiving rave reviews under the gastronomic guidance of well known Sydney Chef, Peter Kuruvita. Further along the street the site of the former “Ma Mensa” restaurant has been demolished and an upmarket cocktail and tapas bar, “Miss Moneypenny” will soon be opening and we understand this will have a distinct “Hugo’s” of Sydney influence. “Lindoni’s” Italian restaurant is morphing into “Locale” with an stylish and modern fit out in a new restaurant at the Paris end of Hastings Street in the “French Quarter” just opposite Netanya. The “Seahaven” building is in the finishing stages of an external and internal refurbishment and is looking fabulous. It could be that “Seahaven” is looking for a hotel operator to take out the property all in “one line”.

So a new wave of confidence is causing the “planets to align” in Noosa. This is good news for the Noosa property market.

Set against this backdrop that we also seeing a big number of Noosa properties being sold. As they say, timing is everything and it is at this point that we are seeing the pendulum swing from an oversupply of available properties to sell, to a growing shortage of properties to sell. Noosa is now in a market transition. This process might be gradual, but you can be sure that it is now moving with certainty. Our advice to those that have been looking to purchase their “special” piece of paradise is, “don’t wait”.

We invite you to peruse the current list of properties for sale. Our sales staff are available to assist you with any questions you may have about the market. If you are thinking of selling in the near future we now have buyers waiting for your property. We will welcome your call and respond to any of your real estate needs with a factual common sense response. R&W is known for the best reputation in real estate.

Waterfront homes are particularly active with three homes on Noosa Sound and another on Noosa Waters being sold in September through our office. Investors are back in force an we’ve been selling many apartments from the popular South Pacific, The Rise and Noosa Blue to four in the French Quarter in Hastings Street and a plethora of others. We are having trouble keeping up with the demand.

We will welcome hearing from you.

Until next time
Good health
PB and JC


Dear Peter, We are writing to express our sincere thanks and admiration at your handling of the sale of our property. Your reputation made you an obvious choice with whom to discuss our proposed sale. We spoke to others but your “low key” approach, your comprehensive marketing plan, intimate knowledge of Sunshine Beach and the industry – and your little red property boards throughout the area supported our exposure to a large number of potential buyers. You committed to handling our property personally, with all negotiations and inspections to be your direct responsibility and you fulfilled this commitment. Your Auction provided a solid base for a satisfactory sale – and you maintained the interest of potential buyers and achieved a result which matched the original expectation you discussed with us. We are delighted with the result achieved at this level in a tough market – all within the space of only 8 weeks – extraordinary. You were without doubt the right person for the task and we will take every opportunity to recommend you to others. Our sincere thanks.
Bronwyn & Barry Francis