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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




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