Q3 2024
Overview
While the broader Queensland property market continues to benefit from population growth fueled by interstate migration and overseas buyers, Noosa Springs presents a unique microcosm. The allure of this prestigious community, with its five distinct enclaves, golf course, and waterfront properties, remains strong. However, the market shows signs of moderation following a period of exceptional activity. Despite a reduction in total sales value, with 21 transactions this year compared to 17 the previous year, demand for Noosa Springs property persists. It’s important to acknowledge the limited data available and the diverse nature of this market, which can make drawing definitive conclusions challenging.
Total Sales Transactions
21
Total Sales volume
$37,000,000
Average Days on Market
110
The 22/23 year saw some exceptional sales, including marquee properties like 769 ($8M) and 517 ($6.25M), which significantly boosted overall sales volume. Thus, it is understandable that the volume is lower this year, even though the number of transactions was higher, as the total sales volume has decreased to $37 million. Days on the market have also increased from an average of 91 days in 2023 to 110 days in 2024. This could indicate a shift in market dynamics, with buyers potentially taking more time to consider their options or sellers not being in striking range of market expectations. Nevertheless, there are positive signs that the market could reignite buyer activity in early 2025. Properties that were previously lingering on the market, both within Noosa Springs and in surrounding areas, are beginning to sell.
In Noosa Springs, fully renovated homes and those primed for a complete transformation continue to be sought-after. Partially renovated properties are experiencing longer market times, highlighting the premium buyers place on a finished product or a blank canvas to create their vision.
Chris Jarret
Currently For Sale
