Stay Noosa Real Estate Market Update – June 2019
Stay Noosa Real Estate Market Update
Stay Noosa Real Estate is turning one! As we approach our first birthday we take a moment to reflect on what we have achieved as a business and on behalf of our clients. What initially started as an experiment – having a Stay Noosa property sales arm and the ability to offer a one-stop shop approach for our client base – has been an overwhelming success.
In our first year of business, we have sold 25 properties ranging in price between $268,000 – $2,850,000 and achieved several complex & street price records for our clients.
We are proud to be sitting in the number 1 position for 5-star service in the Sunshine Coast & Tewantin areas on popular agent comparison site, RateMyAgent, as well as 11 other top 5 ratings in different market segments in our core trade areas.
We believe the benchmark for any organisation is how their clients feel about the service they’re provided. We will always strive to give our clients the best possible service throughout the process of buying & selling their home.
The close working relationships within our network means we have been able to present a service offering that most agents can’t, and we are backed by one of the Sunshine Coast’s biggest holiday accommodation providers in Stay Noosa.
June has seen our local market bounce back with more consumer confidence after the dust settled on recent events. For the first time in quite a while, real estate has some clarity around the forces that shape the market we buy and sell in.
The 2019 Federal Election has been run and won, and it was a victory for the status quo! There will be no changes to Negative Gearing or Capital Gains Tax Concessions going forward. These developments have seen activity trend up with inquiries and inspections lifting in the month after the election.
The market is very price dependent at the moment, with buyers seeing a slight adjustment in their favour, but overall we are seeing sellers get results with realistic price expectations.
The price point of a property will always be a hot topic, and at Stay Noosa Real Estate we are upfront and transparent with vendors and provide current market analysis to support our position. We are not Yes Men in order to secure a listing, and we advise any vendor to be wary of such agents.
At this point, our market is performing much better post-election, and we are confident this will continue through to the end of the calendar year.
For anyone thinking about selling, we recommend getting the groundwork in now regarding appraisals. This includes talking to your bank, or broker and considering the timing of your next move as there is currently less stock on the market across many of our market segments. Although we expect listings to increase as we approach the Spring selling season.
Our market is very much about supply and demand, so we advise anyone that is considering making a move to keep an eye on your pocket of the market, as when an oversupply of properties come to market is when we see prices affected as buyers have more choice. Don’t get caught up in the hype that some agents/agencies will tout to strengthen their stock levels as the year progresses.
Contact the team ranked #1 for service on the Sunshine Coast.
Director of Sales
M: 0409 759 320
Sales & Marketing Agent
M: 0406 102 123