It comes as no surprise that a recent newspaper report indicated our area as continuing to hold firm against the pressures on the market in place at the moment.
REIQ March median house price data for the quarter is indicating a fall in sales volumes, with prices holding steady. It makes an interesting situation as there are also a large number of properties listed for sale at the moment. This is a combination of people wanting to capitilise on the median price increase as well as wanting to make the most of the great stock that is available to buy. REIQ chairman Peter McGrath said the Sunshine Coast performed well given the quieter areas in many parts of the state. Noosa recorded a median house price increase of 14.5%, to $560 000. Suburbs such as Sunrise Beach, Peregian Beach and Marcus Beach also fared well. The unit sector is also showing good capital growth. It will have certainly put a few extra rosy digits on the equity some property owners are seeing on their homes. It also continues to prove Noosa is a great area to invest - the yields are lower than the mining towns but the growth is certainly there. As I have said previously, the underpinning demand for our region and the longer range forecasts regarding population growth will continue to be its strength. If you are currently selling your property, there is a lot of competition in the market place so strong presentation and effective marketing strategies to attract the qualified buyers should be your priority. It is without a doubt a fantastic time to buy, so if you are considering a purchase in the near future I can strongly suggest you have a good look at the stock we have at present.
Till next week
Olivier.