Well, we are well and truly into the festive season and summer is also making its presence felt…it’s
just days away now until the big man in the red suit pays a visit Down Under with its reindeers, so
don’t forget to leave out a treat, we’re told he doesn’t mind a good craft beer, apparently the reindeers
are happy with carrots.
Information Night: We recently hosted a successful information night with guest speaker Tim
Lawless, Head of Research at CoreLogic, which is the leading property data, information, analytics,
and services provider in Australia. Tim gave our clients and community members an insight into the
booming property market here in Sunshine Beach, confirming the key drivers have been location,
lifestyle, and the increased flexibility of the workplace, with significant volumes of people now working
from home, a trend which is expected to continue to grow even after the pandemic.
It’s still very much a sellers’ market as supply is still not in line with demand, and with borders now
opening we are expecting the market will continue to grow well throughout 2022, as buyers previously
reluctant to purchase sight unseen no longer have this issue, and international interest is also
expected to rise. We also have three exciting Auctions campaigns being launched in the New Year
which will attract a lot of attention…so watch this space!
A quick snapshot of a few statistics:
- Noosa values increased 35% and Sunshine Beach was up 40% in past year (much higher than
national average). - Noosa LGA is the third best performing region nationally.
- Sunshine Beach is one of the nation’s most expensive suburbs with a median value around
$2.6 million. - Days on market has been drastically reduced, now 20-30 days, in the past 50-60 on average.
Property Management:
Just as our sales team has been run off their feet dealing with the spike in enquiry and the interest in
the local market; so has our permanent rental team, who are flooded with people applying for the
scarce number of rental properties that hit the market. Properties are getting leased in record time,
and people are prepared to pay heightened amounts to secure a rental property; we have never seen
the rental market this tight or this competitive. If you are an investor, the yield you can achieve is at
levels that make property an even more attractive investment or alternative to stocks/shares, with
minimal risk!
Our holiday rental team likewise are also super-busy across summer, particularly on the back of
border re-openings, and we have also taken on the management of several new properties,
continuing to grow our portfolio and provide a wide range of choice. If you are looking to book a
property or own an investment property you’d like to holiday let – we would love to have a chat!
The entire team here at Sunshine Beach Real Estate, wish you all a safe and joyous Christmas and
New Year, and a prosperous, healthy 2022. We look forward to keeping in touch.
