MARKET UPDATE Welcome to the May Market Report for the Noosa Heads area.
CONTENTS While I sell properties all over Noosa, this report provides a comprehensive overview of this key beachside suburb. I hope this report provides you with greater confidence and control in achieving research, investment and selling goals.. While I can’t say the market is returning to a ‘seller’s market’, I believe home buyer confident and demand are on the rise, with activity in all price ranges.. I hope you find this report useful, and don’t forget to visit www.denicastle.com for more useful information and current listings. Deni Castle 0419 627 767 To subscribe to my property reports please email me at denicastlenoosa@gmail.com The information contained in this report is based on information supplied by a third party. Although care is taken to ensure the accuracy of the information at the time of publication, no responsibility is accepted by Robert James Realty.
3// Market Overview 5// Recent Sales 6// Auction Overview
NOOSA HEADS INFORMATION The size of Noosa Heads is approximately 13 square kilometres. It has four parks covering nearly 4 per cent of the total area. The population of Noosa Heads in 2006 was 3,649 people. By 2011 the population was 4,004 showing a population growth of 9 per cent in the area during that time. The predominant age group in Noosa Heads is 55-64 years. Households in Noosa Heads are primarily childless couples who are likely to be repaying between $1000 - $1400 per month on mortgage repayments. In general, people in Noosa Heads work in a professional occupation. In 2006, 67.6 per cent of the homes in Noosa Heads were owner-occupied compared with 63.4 per cent in 2011. Currently the median sales price of houses in the area is 675,000.
Household Structure
* Supplied by RP Data
NOOSA HEADS HOUSE STATISTICS (January 1, 2014 – March 31, 2014) Highest Sale Price: Lowest Sale Price: Average Sale Price: Median Sale Price: Total Sales Volume:
$3,200,000 $505,000 $1,066,500 $720,000 11
* Details for one of the 11 properties were undisclosed at the time of publication
Recent Median House Sale Prices
NOOSA HEADS HOUSE SALES SNAPSHOT
QUEENSLAND AUCTION OVERVIEW April 2014
Sale Price
Date
$580,000
28/02/2014
Land Size (m²) 607
$2,050,000
18/02/2014
794
BANSKIA AVENUE
$665,000
3/03/2014
647
EUGARIE STREET
$880,000
3/02/2014
506
NOOSA SPRINGS DRIVE
$860,000
24/02/2014
492
SAMARA PLACE
$515,000
9/01/2014
600
WESLEY COURT
$3,200,000
21/02/2014
692
$505,000
13/02/2014
680
WITTA CIRCLE
UNDISCLOSED
15/02/2014
611
WYONA DRIVE
$635,000
8/02/2014
607
YALLARA COURT
$775,000
15/01/2014
682
ALLAMBI TERRACE ANGLER STREET
WEYBA PARK DRIVE
Total Number of Auctions Clearance (on or before): Average Bidders per Auction: Actual Bidding Percentage: Average Crowd Size (per property): Inspections per Auction:
134 54.48% 1.77 62.45% 22.21 20.99
Source: Jason Andrew Auctioneers
April 2014. Source: Jason Andrew Auctioneers ACCORDING TO JASON ANDREW AUCTIONEERS’ FEBRUARY DATA: Investors were responsible for 16.42 per cent of the scheduled auctions, closely followed by people who have bought elsewhere making up 14.93 per cent of vendors.