Noosa property market showing promise

Written by in Property News on June 10, 2020

A beach in Noosa


The easing of property-focused restrictions combined with motivated property-seekers is helping push the Queensland property market in a positive direction.

The State Government eased Stage 2 Restrictions 11 days early, allowing for up to 20 people to attend both auctions and open homes, with more allowed if there is a COVIDSafe plan approved by health authorities in place.

Motivated buyers are also on the hunt, with data from showing property-seekers are spending more time onsite viewing listings compared to the previous month.

Queenslanders are also spending 5% more time utilising the Price Estimator experience – powered by Core Logic – when researching address-level property data.

Tom Offermann, Principal of Tom Offermann Real Estate in Noosa, agreed the market was on the rise, and while some areas had been struggling, Noosa was not one of them.

“People are realising their traditional overseas trips to places like Europe are going to be out of the question for a couple of years, so we have had a surge of enquiry and buying activity for holiday homes to fulfil their recreational needs for the foreseeable future,” he said.

“Queenslanders have been on the front foot, and for some of the interstate buyers it has been a question of buying sight unseen or miss out, so we have had a number of transactions without a viewing.”

“Our most significant sale without a viewing was for a beachfront home in excess of $6M sold to an Australian living overseas.”

“Our sales in May were the highest in three years, and June is continuing that trend.”

Even back in March when COVID-19 first struck, Tom Offermann Real Estate were still reporting strong sales with a $10M deal being the highlight, with a number of other sales in excess of $5M being transacted.

With many buyers waiting for the Queensland borders to open, Tom Offermann advises any property owners who wish to sell should take advantage of this opportunity.

“We are always positive about the market, property is a long-term investment and if buying with that view, in Noosa you can never go wrong,” he said.