The property market doesn’t always charge upwards in Noosa, which is an area uniquely reliant on a single industry: tourism. Without it, we wouldn’t enjoy the calibre of restaurants, retail and lifestyle amenities that underpin Noosa’s appeal. Nor the level of property demand and prices that follow when the right demographic of interstate visitors arrive. Visitor numbers have been down, particularly from Melbourne, traditionally one of Noosa’s strongest buyer pools. A combination of negative media around the local backlash to tourism, reduced discretionary spending and a softer Melbourne market has had a clear flow-on effect. Properties are taking longer to sell. And yet, the long-term story remains compelling. Noosa has recorded more than 800% capital growth over the past 25 years, a remarkable performance by any measure. Today, the mid-market ($2m-$5m) still represents excellent value for interstate buyers. At the same time, one of the strongest emerging buyer segments is local downsizers selling large family homes in Noosa Waters and Noosa Springs, and buying into high-end apartment living, notably Parkridge and Settlers Cove. This quiet reshuffle is creating genuine depth in parts of the market that aren’t always visible in headline data. While economists continue to warn of higher interest rates and uncertainty, the reality is that at least half of current buyers are cash buyers, largely insulated from rate movements. With low stock levels and steady demand, the market remains fundamentally sound. For now. The months ahead will be testing for some and I expect more properties to come on the market. That means more competition from other properties if selling is on the cards. My recommendation is that you do it sooner rather than later. I look forward to being of assistance when the time is right for you. Please feel free to call for a confidential chat at your convenience. Alex Harris Managing Director, Noosa4Sale A WORD FROM ALEX
RkJQdWJsaXNoZXIy MTI3ODI1