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.

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Well, winter is well and truly here, and we have felt its ‘bite’ this week here on the Sunshine Coast, but despite the cooler temperatures, the heat in the market is still intense, continuing to surge from strength to strength across all sectors, particularly the Noosa prestige market.

The shortage of stock relative to demand is creating an ideal ‘selling environment’ whereby the competition is pushing up prices, often exceeding the sellers’ expectations.  Most of our listings are receiving multiple offers, resulting in achieving exceptional prices, often street records.  There has also been an increase in the number of ‘off market’ sales now transacted, with available stock so low, our Agents have a list of cashed-up buyers ready to purchase, so have been busy on the phone finding a property for them, and in most cases, they are prepared to pay what is asked to secure the deal.

We had achieved a 100% auction clearance rate over the past few months; one notable result was our auction at 9 Paul Street, Noosa Heads; a Cape Cod charmer that attracted an enormous volume of enquiry, and sold under the hammer in front of a crowd of over 50 spectators, with four competitive bidders creating a great spectacle, and a shining example of how an Auction campaign can work effectively to obtain the optimum price.

Our office has been extremely busy across sales and letting, and in fact we welcome a new property manager, Felicity, who is joining our team this month, moving up from Sydney where she was managing a large portfolio of high-end properties in the northern beaches.  We also want to acknowledge the great work of two of our sales agents, Rob Spencer and Kathy Wise, the top two performing sales agents for Sunshine Beach, according to Australia’s leading real estate portal, realestate.com.au.

All of our team live in the local area and are involved in the community, last week we hosted our Australia’s Biggest Morning Tea at the Sunshine Beach Surf Club, raising over $5,000 for the Cancer Council…it was our biggest morning tea ever!  Thank you to all who supported us and contributed to the event; and the sparkling Pacific Ocean was a stunning backdrop to a successful morning.

On a final note, it’s also worth mentioning the Noosa has been crowned the Top Tourism Town in Queensland by the Queensland Tourism Industry Council; receiving a $25,000 Strategic Consulting and Capacity Building Package supplied by EarthCheck, to help attract even more visitors to the region.

We are also excited to announce we are Bronze Corporate Sponsors for the Noosa Alive Festival running from July 15-July 24th, and are a presenting partner of Katie Noonan’s show on Main Beach on July 18 from 12-3:30pm – a tribute to Joni Mitchell’s Landmark ‘Blue’ album, celebrating its 50th anniversary this year.

Our next update will be in Spring, and in the meantime, we’d love to assist you with any of your property needs, we are the local experts in Sunshine Beach and have the knowledge and experience to work with you to achieve your property goals.