PROPERTY MARKET UPDATES & NEWS
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Spring Quarterly Report
Welcome to our SPRING newsletter and we trust you are enjoying the glorious weather…we certainly are, and we have lots of exciting news to update you with.
Firstly, let’s talk about the market:
The Noosa market is currently topping the nation in terms of price growth, with an 18.2% price rise in the past 12 months; driven by exceptional demand in relation to available stock, and whilst there are certainly buyers from our southern capitals, there are also many locals purchasing property in this region also.
The median house price in Sunshine Beach is now $2,500,000, and we are still experiencing 100% auction clearance rates. There are plenty of examples of properties sold prior to COVID19 that have since been sold for staggering capital gain, in such a short period of time. We sold a vacant block without an ocean view for $1.1m in November 2019 and our auction guru, Rob Spencer, has just resold it for $2m; an older home also without an ocean view sold in July 2019 for $955,000 than in April 2021 for $3,100,000 after a major renovation/rebuild.
Our apartment expert, Kathy Wise, has sold 26 apartments in the Sunshine Beach/Eastern Beaches area in the past 12 months, several in the same complex within days of each other.
These owners, without exception, have all experienced exceptional capital growth, and in this record-breaking market, there is more to come…We are fielding enquiries from many owners curious to know what their property is worth in the current buoyant market, and we are always delighted to be able to give you an indication of what price could be achieved. Operating in Sunshine Beach since 1979, no one knows this market better than us.
Moving on from the market update, we have just launched our first corporate video – Our Little Slice of Paradise, click on link to view and learn a little more about us and there’s spectacular scenery to, savour in the process.
We also proudly sponsored the Variety Bash this year: Priscilla’s Dust to Dory – an all-women crew from car 163 hit the road and headed into the Aussie outback for fun-fuelled adventure all in the name of a good cause, assisting Australia’s longest running and most famous charity events to raise funds to change the lives of children in need. Lots of laughter and good times were had by all, but remember ‘what happens on tour, stays on tour’.
Finally, we welcome a new member to the team – Maree Watson has joined us as an Assistant Property Manager. Maree has a genuine passion for property and shares our ethos of client-focused care. Having owned properties herself, she appreciates the financial investment owners have in their properties.