Sirah Robb
September/October Market Wrap With Sirah Robb
In the final quarter of 2024 the Noosa Hinterland property market continues to demonstrate robust activity, distinguishing itself from broader trends observed across Australia. CoreLogic’s latest insights reveal a national slowdown in property value growth, with a modest 1.0% increase in the September quarter, reflecting the gentlest rise since early 2023. Despite these headwinds, the unique appeal of lifestyle-driven regions like the Noosa Hinterland remains evident.
Across Australia, the property market is experiencing a transition period, with the annual pace of growth decelerating to 6.7%. The capital cities have seen a similar trend, with a quarterly rise of 1.1%, indicating a cooling phase that aligns with the seasonal cycle. This cooling is more pronounced in regions that previously reported explosive growth rates, underscoring a return to more sustainable levels of appreciation.
In contrast, the Noosa Hinterland has bucked these trends, showcasing remarkable resilience and continued demand. Hinternoosa is achieving standout results. Most recently with properties such as 27 Mountain St, Pomona and 183 Sudholz Rd, Verrierdale going under contract in just 6 and 13 days respectively, the latter drawing 53 inspections and 7 offers. Furthermore, properties like 21 Saunders Drive, Cooran and 18 Ponderosa Drive, Cooroy also saw swift results, going under contract within two weeks of listing. Demonstrating our commitment to our clients and proactively working with our buyers, we achieved an off-market sale in Cooroy and another in Doonan this last month as well.
Hinternoosa continue to outperform the market in general. For example, in Cooroy our strategic campaigns are achieving 7% more for our sellers in 24% less days on market compared to market averages over the last quarter, highlighting the impact of our effective marketing strategies and deep understanding of local dynamics.
Looking ahead, the recent changes in the rental market and property management legislation will introduce new dynamics that may influence investment strategies and market behaviours. Hinternoosa’s team of experienced Property Managers can assist you with your management needs, or for those considering selling or adjusting their investment portfolios, now is an opportune time to consult with one of our sales experts to navigate these changes and optimise outcomes.
While the broader Australian property market adjusts to slower growth and increased economic scrutiny, the Noosa Hinterland remains a vibrant and appealing market for property buyers, sellers, tenants and investors. Hinternoosa is proud to lead the way through strategic insights and unparalleled local expertise.