Sirah Robb
November Market Wrap With Sirah Robb
As we wave goodbye to 2023 and usher in a new year, it is a perfect moment to reflect on the dynamic Noosa Hinterland real estate market. December has historically been the precursor to a flurry of activity, with buyers typically spending summer months researching potential homes, leading to a significant increase in enquiries come January and February.
Recent data from REA (realestate.com.au) highlights this trend, revealing a remarkable 23% increase in visits to their Buy section over the past three years, totalling 183 million in Summer 22/23. This surge in interest translates into a 5% rise in enquiries during January and February compared to the annual average and an 11% growth in summertime buyer enquiries over the last three years. Notably, 1 in 7 buy enquiries in January stem from buyers who first viewed the property in December.
Looking ahead the Noosa Hinterland market shows encouraging signs of growth. With an expanding population, partly fuelled by the return of overseas migration, and potential interest rate cuts in 2024, our region’s property demand appears robust. Our latest Suburb Flyover Report offers invaluable insights for homeowners and prospective buyers. To delve deeper, scan the QR code and see how your suburb is performing.
At Hinternoosa, 2023 has been an exceptional year. Engaging with over 100 new prospective buyers each week and achieving an 84% auction clearance rate, we have led the field in both property sales volume and record prices.
Highlights have included the auction of 18 Miva St, Cooroy, setting a new benchmark for in-town Cooroy properties. Similarly, 71 Dahlia Rd, Verrierdale’s auction fetched an impressive $2,100,000. The swift two-week sale of 256-266 Verrierdale Rd for $3,000,000; plus 9 Crystal St, Cooroy, which sold under the hammer for a street record of $1,100,000; and 84 Botanica Circuit, Doonan, which sold in 2 days for a top price, not only underscore our impact on setting benchmark prices but also our ability to revitalise properties that had previously sat idle on the market with other agencies. Our commitment to maximising results for our clients has enabled them to progress to their next life chapter sooner, in the best possible position.
As we celebrate the festive season, we extend our heartfelt wishes to everyone for a wonderful 2024. The Noosa Hinterland continues to be not just a place, but a lifestyle, and the team at Hinternoosa are thrilled to be part of your real estate journey in this beautiful region.