Confidence in our Noosa Waters market is strong and buyers have come out of the woodwork in the last couple of weeks.
Our market is in the recovery stage on the real estate property clock. Enquiry is increasing, there is a rise in building activity, and a return to price growth. With falling stock levels, relative affordability, and demand from interstate and expat investors, values are slowly increasing. So far this year, waterfront homes have sold well, and now the dry block homes are jumping on board to take advantage of our recovering market.
For the first time in nearly four years, buyers are missing out, we are again getting multiple offers on properties, and this trend is likely to continue as our spring market approaches. There are now imbalances in supply and demand. To put it simply, we need more properties in Noosa Waters and Noosaville. Sellers should take advantage of the shortage of stock, whilst there is less competition, before spring sees an increasing level of properties on the market.
Buyers should act now, as prices are strengthening, not yet to record levels, but there are moving north, and look to continue to do so.