Noosaville Market update

The Noosaville market, characterised by entry level apartments through to superb free-standing villas, always seems to be ‘hit for six’ during times of economic uncertainty. There were 26 sales during the 4^th Qtr 2011 with a median price of $500,000. This reflected a slight softening in market conditions when compared to the corresponding period in 2010 where there were 36 sales with a median price of $505,000. There were a number of opportunistic sales that featured towards the end of last year:

• 4 Edward Street   $1,510,000
• 6 Howard Street   $1,245,000
• 4 Howard Street   $900,000

These sales reflect our view that the ‘smart money’ is again active in the market and that there is no better time to buy.