Real Surge In Our Noosa market
title: Real Surge In Our Noosa market
description: We are seeing a real surge in our Noosa market.
og:image:
RICHARDSON & WRENCH NOOSA https://assets.boxdice.com.au/richardson-wrench-noosa/attachments/13a/512/rw_logo_v2.png?331e0a0f28377fb379b28e2ee35519a2

Real Surge In Our Noosa market



We are seeing a real surge in our Noosa market.   There are numerous properties selling in the higher price ranges.   Noosa Heads beachfront has now seen two sales above $7mill in the last few months (three bedroom apartments, taking the entire floor).

Noosa Sound has seen three waterfront sales on Noosa Parade alone and this market has been tightly held for years. We achieved the highest price for number 12, contracted at $6mill. In Noosa Waters, we also achieved strong prices for both 16 The Promontory $2.15m and 8 Seahorse $2.9m.   Sunshine Beach also is now on the move with 6 sales on the beachfront in last year (there are only 52 beachfront homes).  Whenever the stock market is going well, our upper end homes fire well too.   

Why? Well, a number of reasons really but with a basis of buyers having a lot of confidence in our market.  It is safe, iconic and the place where they want to be – Noosa is popular.  As well because our market took a dip during the GFC, we are now being seen as great value.  Buyers often tell us that.    And it is easy to borrow money now – interest rates are low and money is plentiful.   People who don’t need to borrow are thinking property is now the investment of choice because their income is higher than they can achieve in a bank.    And as demand strengthens, we are struggling to have enough supply – it is very obviously tightening up.  

We attended a seminar with chief economist Dr Andrew Wilson in this past week.   His graph pictured below shows very clearly that our market is growing (8% for the Sunshine Coast last year in fact) but with much growth still to come.   This indeed gives our buyers more confidence again. The graph below indicates that there is more growth to come during this expansionary phase.

Until next time

Good health

Shane McCauley

Testimonials

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