Surge in sales puts property market on the rebound

Michaela O'Neill

SUNSHINE Coast property sales have surged in the past four months, making finding a bargain more challenging.

"The bottom end has been chewed up," Real Estate Institute of Queensland Sunshine Coast chairman Lloyd Edwards said.

"Yet there will always be good buys, opportunities," he said.

"Real estate is a long game, not a short game.

"This is a time when acting sooner rather than later is the best advice."

Mr Edwards said the Coast market had changed since August.

"There was a deliberate, strong uptake of properties under $400,000 and, in some cases, the $500,000 mark," he said.

"After that, properties normally listed to replace those sales have not occurred.

"Listing numbers are down 30-40% over the past few months."

Century 21 on Duporth principal Damien Said believes momentum in the market has been building over the past six months.

"Buyer inquiry levels have steadily been increasing across all price ranges and sales volumes have been on the rise also," he said.

Ken Guy Buderim licensee Danny Redman said astute buyers were settling buys now.

In Noosa, John Swainson of Laguna Real Estate said a lot of bargains were being snapped up, particularly the $400,000-$500,000 range.

"Yet there are only X number of properties on the market under value at any one time," he said.

Topics:  property, real estate



Local Real Estate

Featured Real Estate
FULLY SELF CONTAINED... $9500.00 From
Cabin $12.5K for 6 x 2.4 x 2.5m fully installed. D.I.Y $9.5k bare ...
QUIRKY, QUAINT AND CUTE ... $339,000 Neg
House 3 1 2
Tropical Karalee Oasis... OFFERS OVER...
House 4 3 2
WOW! Owners moved away... $350.00pw
House 1 1

Featured Jobs

Ipswich jobs listed daily

Featured Jobs
Upper Intermediate... Brisbane Full Time
Assistant Manager |... Brisbane Full Time $43k+S+B
Asphalt Crew Member Brisbane Full Time
TIG Welders Brisbane Full Time


Local Partners

LATEST DEALS AND OFFERS

Local Jobs

Search for your next job now!
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Subscription Sale

Subscribe now for $1 for 14 days.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

View today's ePaper!

Read the digital edition
Learn More

Horoscopes

Leo

If you’ve got a travel urge, you may be missing the opportunity by postponing it. Start to plan, even if it’s not going to be an...

read more

Marketplace

Special Offers & Promotions

Compare & Save