Sirah Robb
End of Year Market Wrap With Sirah Robb
As 2024 draws to a close, the Noosa Hinterland property market caps off the year with sustained enthusiasm, setting itself apart from cooling trends seen in Australia’s major cities. According to CoreLogic, the national Home Value Index (HVI) edged up by a modest 0.1% in November, marking the weakest Australia-wide result since early 2023. This near-stagnation suggests we might be nearing the end of the current growth cycle, particularly as markets like Melbourne and Sydney experience downturns.
The national property market is experiencing a shift, with Melbourne and Sydney leading the downturn, recording declines of -0.4% and -0.2% respectively in November. Meanwhile, mid-sized capitals and regional markets are losing steam, but still manage to provide some support for growth in the national index. This cooling phase is accompanied by an increase in supply, with capital city listings rising 16% since the end of winter, yet purchasing activity is on the decline, indicating a rebalance in market dynamics.
In stark contrast, the Noosa Hinterland continues to thrive. Hinternoosa has continued to lead the hinterland sales market, welcoming more new residents and helping more sellers achieve premium results than any other agency in the region again this year. So far this quarter we have gained an average of 80 groups through our open homes each week, in addition to conducting 14 private inspections.
Stand out results in the last month include 12 Meadow Ct in Doonan, which sold at auction, 8 Ashgrove Dr, Cooroy under contract in 2 weeks, 4/74 Southern Cross Pde, Sunrise Beach under contract in just 8 days with multiple offers, and two off market sales in Cooroy. Our proactive, strategic approach and deep market knowledge continue to highlight our unparalleled ability to navigate the local market, even as broader trends show signs of slowing.
Adding to this year’s successes, we celebrate Jade Maddison, who has been named a finalist in the national Real Estate Business Awards (REB) in the Regional Property Manager of the Year category. This recognition underscores the consistent excellence and premium results Jade and our entire Property Management team achieve for our clients.
As we approach 2025, those considering selling in the new year can leverage Hinternoosa’s expert advice and the largest waitlist of buyers in the region. Preparation is key so now is the ideal time to prepare for a successful sale, capitalise on key sales periods like the Boxing Day property search spike and engage a skilled negotiator to move you closer to your next chapter.
We extend a heartfelt thanks to our valued clients, community and professional network for their continued support throughout the year. You have been integral to our success. We wish you all a wonderful festive season and look forward to working with you and helping you even more in 2025.