Current Market Conditions
Queensland is in hot demand with COVID refugees from southern states flocking to the Sunshine State, Victorian and New South Wales buyer interest in Queensland has risen 18% in the past six months.Fresh data from realestate.com reveals 4% are ready to buy now, 14% are considering a move and 22% are considering a longer term lifestyle change.(Source: Courier Mail)
Bernard Salt demographer said the pandemic has shifted peoples priorities for where they want to live.
Coastal locations are top of peoples wish lists, especially the Sunshine Coasts affordable lifestyle, so close to all amenities and the new international airport.
Right now we are experiencing very few listings to the market along the Sunshine Coast - stand out is Noosa Heads where the listings have sat at 110 properties for around six weeks. ie one sells and then one new listing comes on to the market.
A leading Noosa agent told me they had had the best June ever and absent Buyers were purchasing properties after an iphone walk through with the agent.
Prices are not dropping, as the latest reports from RateMyAgent show, 35 percent of Sunshine Coast Sellers got higher prices than they expected in the first half of 2020.