At a national level the property market maintains its strength against the backdrop of fluctuating economic factors. According to CoreLogic’s Tim Lawless, the market’s resilience is largely due to the continuous mismatch between supply and demand. This position is further supported by a growing optimism in the housing sector, spurred by the easing of inflation and the anticipation of potential interest rate reductions later in the year.
Highlighting this upward trajectory, CoreLogic report the national home value index has seen a notable acceleration, with an 8.9% surge over the past year, marking the most significant annual uplift since FY 2021-22.
The Australian median time on market continued to track higher in February, with properties taking an average of 38 days to sell in the three months to February. Both the combined capitals and regional markets have seen an increase in selling times since recording a recent low in the three months to November. Capital city homes took approximately 38 days to sell, up from 24 days, while regional homes are selling in 50 days on average, up from 36 days. Hinternoosa has proudly outpaced broader trends, with our properties averaging just 24 days on the market this year, significantly quicker than the national median as a result of our strategic campaigns and the volume of buyers we work with.
Hinternoosa’s dedication to excellence and community has been acknowledged once again. We are humbled to have received the Culture Award at the Australasian Real Estate Results Awards in Sydney this February, a recognition of our commitment to fostering an environment where our team can thrive and deliver superior service and results to our clients.
Our property management team’s dedication has also been recognised, ranking in the Top 5 agencies for property management services on the Sunshine Coast in the Rate My Agent Awards. As the only hinterland agency to receive this recognition, it is a unique honour given these awards are based on client satisfaction. Hinternoosa was also named as the top sales and property management agency for Cooroy and top sales agency for Verrierdale. Additionally, Alisa Wythes has been celebrated as the top agent for Cooroy for the third year in a row. This recognition is a testament to our team’s dedication and the positive impact of our client-centric approach. A big thanks goes to our clients who allow us to shine when they choose us.