MARKET UPDATE

Welcome to the latest Market Report for the

Noosa Heads area.

While I sell properties all over Noosa, this report

provides a comprehensive overview of this key

beachside suburb.

This report delivers market knowledge to

readers, giving greater confidence and control in

achieving research, investment and selling goals.

As we have entered a new year, homebuyer

confidence and demand are on the rise.

I can’t say the market as yet is returning to a

‘seller’s market’, but what I am finding is activity

for property, where there has not been a lot of

movement for some time. For examples,

properties in the $800,000 to $1.3 million range.

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.

CONTENTS

3// Market Overview

5// Recent Sales

7// Auction Overview

8// Holman McGregor

Update

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

NOOSA HEADS HOUSE STATISTICS (July 1, 2013 – December 31, 2013)

Highest Sale Price: $3,550,000

Lowest Sale Price: $220,000

Average Sale Price: $874,625

Median Sale Price: $640,000

Total Sales Volume: 59

* Supplied by RP Data

NOOSA HEADS HOUSE SALES SNAPSHOT

Poperty Address

Sale Price

Date

Land Size (m²)

ALLAMBI TERRACE $870,000 4/12/2013 607

ALLAMBI TERRACE $635,000 15/08/2013 607

ANGLER STREET $2,125,000 30/10/2013 1113

ARKANA DRIVE $700,000 2/11/2013 589

ARKANA DRIVE $600,000 17/08/2013 607

ARKANA DRIVE $839,000 5/08/2013 607

ATTUNGA HEIGHTS $635,000 21/08/2013 506

BANKSIA AVENUE $1,520,000 2/07/2013 936

BANKSIA AVENUE $650,000 28/10/2013 809

BEGA LINK $520,000 19/07/2013 732

BELFA PLACE $450,000 21/09/2013 656

BENNETS ASH ROAD $580,000 17/10/2013 427

BERRIMA ROW $640,000 8/11/2013 506

BERRIMA ROW $925,000 18/09/2013 506

BOTTLEBRUSH AVENUE $565,000 12/07/2013 506

COOYAR STREET $420,000 18/07/2013 700

COOYAR STREET $385,000 28/10/2013 558

COOYAR STREET $220,000 2/12/2013 600

CORAL TREE AVENUE $480,000 4/10/2013 607

CORAL TREE AVENUE $920,000 4/11/2013 567

GRANT STREET $762,000 27/09/2013 230

HABITAT PLACE $1,200,000 4/10/2013 2209

KAREELA AVENUE $1,725,000 2/10/2013 607

KATHARINA STREET $950,000 8/08/2013 516

LESLIE DRIVE $380,000 16/12/2013 607

MILPERA RETREAT $738,000 3/08/2013 654

MOSSMAN COURT $2,800,000 25/11/2013 612

NAIRANA REST $640,000 19/10/2013 506

NAIRANA REST $1,100,000 11/11/2013 506

NOOSA PARADE $3,550,000 26/11/2013 782

NOOSA SPRINGS DRIVE $1,006,000 4/12/2013 522

NOOSA SPRINGS DRIVE $1,650,000 23/08/2013 695

SITTELLA COURT $440,000 15/10/2013 610

SITTELLA COURT $365,000 2/12/2013 898

SLEEPY HOLLOW DRIVE $385,000 28/07/2013 725

STORMBIRD DRIVE $483,500 14/08/2013 600

STORMBIRD DRIVE $580,000 14/12/2013 664

SUNSET DRIVE $615,000 9/08/2013 728

SUNSET DRIVE $740,000 14/10/2013 921

TARINA STREET $480,000 2/12/2013 642

THE QUARTERDECK $1,065,000 23/08/2013 506

THE QUARTERDECK $655,000 23/08/2013 506

THE QUARTERDECK $500,000 19/09/2013 645

THE QUARTERDECK $740,000 4/11/2013 1012

TOULAMBI STREET $640,000 21/08/2013 752

ULAH COURT $472,500 30/09/2013 977

WANTIMA STREET $395,000 24/10/2013 719

WARANA STREET $700,000 7/08/2013 607

WESLEY COURT $2,600,000 2/10/2013 834

WEYBA ESPLANADE $550,000 8/10/2013 515

WEYBA PARK DRIVE $340,000 20/08/2013 579

WEYBA PARK DRIVE $448,000 21/08/2013 726

WITTA CIRCLE $2,300,000 1/08/2013 639

WYONA DRIVE $770,000 5/10/2013 607

WYONA DRIVE $990,000 15/10/2013 607

WYONA DRIVE $515,000 18/11/2013 607

QUEENSLAND AUCTION OVERVIEW

November 2013

Total Number of Auctions 174

Clearance (on or before): 53.45%

Average Bidders per Auction: 1.75

Actual Bidding Percentage: 57.12%

Average Crowd Size (per property): 20.76

Inspections per Auction: 20

Source: Jason Andrew Auctioneers

November 2013. Source: Jason Andrew Auctioneers

ACCORDING TO JASON ANDREW AUCTIONEERS’ FEBRUARY DATA:

Investors were responsible for 30.56 per cent of the scheduled auctions,

closely followed by downsizers who are driving 22.22 per cent of vendors.

HOLMAN MCGREGOR UPDATE After the Reserve Bank of Australia’s (RBA) first board meeting in 2014, many economic experts are predicting a rarity - an entire year without a move in official interest rates. It hasn't happened since 2004. A unique blend of 25 of Australia's leading forecasters in the diverse fields of market economics, academia, consultancy and industry associations have come to similar conclusions, which suggests great news for the property market.

A year ago the average forecast was for a cut in the RBA’s cash rate from 3 per cent to 2.7 per cent. The bank cut to 2.5 per cent. In 2012 the average forecast was for a cut from 4.5 per cent to 3.6 per cent. The bank cut to 3 per cent.

This time the average forecast is for no cuts. The average comes in slightly below the current rate at 2.47 per cent by June and slightly above at 2.56 per cent by December. If rates stay on hold around 2.5 per cent for the year it will be because the settings are in place to deliver just enough (anaemic) economic growth to keep further unemployment (almost) at bay.

The most confident forecast is from Toohey, who offsets his pessimism about business investment by predicting a 10.5 per cent lift in home building. One of the lowest forecasts is from the Housing Industry Association, which is expecting 1.8 per cent. The pace of household spending is also expected to pick up, climbing 2.5 per cent in 2014 after advancing 1.8 per cent over the past ear.

The panel believes the boosts in housing investment and household spending will be enough to lift the pace of GDP growth from 2.3 per cent to 2.7 per cent.

What does it mean for the property market? Low interest rates mean affordable money; affordable money means property investment becomes more accessible.

When investors return to the property market, demand increases and supply tightens. This all adds up to strengthening property prices.

Jeromy Harris I Director

Holman McGregor Financial Services

www.holmanmcgregor.com.au jharris@holmanmcgregor.com.au

P: 07 5408 4200

P: 07 5408 4200

Deni’s thoughts?

“Events of recent days with for example, 5000 job cuts from Qantas, mostly management, could change the market place nationally (once again). Redundancies often require a realignment of financial and investment priorities, and in this case, bring an unexpected number of properties back into the market and subsequently impact on the above comments.”