A recent review of the number of house sales >$1.2 million, in the year to date, showed Noosa Heads (22) and Sunshine Beach (16) have finally bounced back and are steaming ahead. This was the highest number of sales per price segmentation, interestingly second was the $600-$700,000 range.
What we have found is that these two areas have more stock in these price ranges than their close neighbours- Peregian Beach and Noosaville. Drilling down further into the sales history of current listings it seems many Vendors that purchased in 2003 and 2007, at the boom prices, now have a opportunity to recoup their investments.NOTE: When purchasing it has always been the case that tourist areas are the first to drop in price as investors liquidate their portfolios in tough times.