Noosa Property Market Price Demographic Shift
How long does it take to report a change in either the nature or demographics of the Noosa property market?? According to leading Tewantin Real Estate agent Christine Murray some aspects of the Noosa property market have undergone a dramatic turn around in just seven months.
” There is a feeling amongst the buyers that they should act now or miss out, and we are certainly seeing that across the board and in particular in the form of availability of stock in the sub $400 000 entry level Noosa property market. This is affecting days on market as well as in the price demographics’, Christine said.
Noosa Property Market Entry Level Pricepoint
According to Christine, the Noosa property market was markedly different just seven months ago – confidence was lower and there was a glut of stock in the $350 – 400k price range available to buy. Those listings also sat in the Noosa property market for lengthier periods of time.
Fast track to date and there is very little available in that entry level price range with suitable stock being snapped up very quickly. ” The driver isn’t necessarily the interest rates”, Christine said, ” quite simply, confidence is a determining factor”.
As a result the entry level prices for the Noosa property market particularly in the suburb of Tewantin have shifted to the $390 – $400 000 price range.
Activity remains healthy in that price bracket and property owners are encouraged to keep in touch with their Robert James Realty professionals for a comprehensive market analysis and Noosa property market valuation as numerous buyers are registered with the agency currently.