State of the Property Market

State of the Property Market

Noosa is back in vogue for visitors and investors with every measure confirming bubbling confidence and prosperity throughout the town.
Written by Len Costantini

Tourism Research Australia's latest International Visitor Survey has recently reported phenomenal statistics like a 73% increase in international visitor spending, seven times the Queensland average.   

New Zealanders spent 104% more than last year! Apartment managers are consistently reporting high occupancy rates up around 90%, and rental property owners are enjoying the highest income they ever have.  These tourism dollars are flowing through the entire local economy including hospitality, trades, and every local business.

Property continued its relentless push forward with prices rising and stock tightening on the back of record cheap finance and the flow on from strong growth in capital city markets.

According to Tom Offermann of Tom Offermann Real Estate, their full year auction clearance rate for 2016 was 87%, rivaling even the strongest capital city agencies.

“Sydney buyers have featured strongly amongst our buyers more than ever before, splashing out on holiday homes and apartments, says Tom.

“Noosa has always been served well by Victorians, who treat Noosa as their own beach haven and escape from the cold.

People from Sydney on the other hand have their own beaches with warmer weather than Melbourne, which is why we believed they had a relatively low profile in our market, but for some reason that has changed & Noosa is right on trend for them,” he said.