title: Spring Market Report
description: The market this year has been interesting to say the least. In January / February there was good news coming from the US housing market that seemed to indicate an upward trend in the making.
RICHARDSON & WRENCH NOOSA https://assets.boxdice.com.au/richardson-wrench-noosa/attachments/13a/512/rw_logo_v2.png?331e0a0f28377fb379b28e2ee35519a2

Spring Market Report

The market this year has been interesting to say the least. In January / February there was good news coming from the US housing market that seemed to indicate an upward trend in the making.

Then in March April we had the onset of the Greek Financial crisis, which then cooled down the market significantly. On top of this and flowing on into May / June, the Federal Government announced the Mining Super Profits Tax, not only making us the laughing stock of the world, but causing the ASX to retreat and closing down the property market in general. All in all, a woeful start to the year.

There has been a sell off in the ASX and we now see the four major banking institutions have a combined $980 billion sitting in cash deposits. This indicates that there are many people cashed up and sitting on the sidelines.

In my 23 years of selling in the Noosa market I have never seen so many “great buys” available. This gives grounds for the old adage, “Buy in Gloom and Sell in Boom”.

We anticipate seeing a big turnover of property through spring and a steady run through into the summer months. This is the period that historically sees an uplift in the Noosa Market and with prices down to the current levels, buyers will look back in the coming years knowing that they have bought extremely well.

Our office in the past 12 months, fortunately enjoyed an increase in the volume and value of sales over the previous year. We certainly had to roll up our sleeves to achieve this result though. In the last month for example we’ve sold 2 waterfront properties in famed Witta Circle on Noosa Sound. Where the price of one is confidential – the other is on the record at a neat $4million. Both homes are ready for a makeover. There has been renewed interest in Hastings Street Non-beachfront with sales being recorded by R&W in both the Sebel Resort and The French Quarter. Over in Noosaville we had great success with one apartment selling under the hammer at Auction and another prior.

R&W will be showcasing our Spring Auction Campaign on 2nd October at the Sheraton Noosa and we have selected properties that we believe will show exceptional value for astute buyers. We are currently seeing an increase in numbers at our open for inspections and walk in enquiry in our Hastings Street office is also on the rise. The natural beauty, sunbelt migration and the geographic boundaries of Noosa that restricts the supply of property always sustain an uplift in our market. This is the steel in the foundations of our market and sometimes the steel bends but it never breaks. The prices this spring may never be repeated again!

Good Health,

Peter and Jennifer


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