The hinterland real estate market

The market has continued to remain active, we don’t see upward movement in prices and turnover but the average sale price is increasing and that’s a healthy outcome.

We credit our success to being a large team with a 50/50 emphasis on print and web based marketing, and hinterland realty marketing that’s sensibly targeted to the demographics. This means we save the sellers money and improve the effectiveness of the marketing message.

The recent rain has helped our cause, properties are presented clean and green.

We’re experiencing good visitations to our open houses leading up to our next Auctions in-rooms on the 12^th December 2012.  We also have sellers expressing interest in putting their properties to the subsequent Auction which will be Wednesday February 6th in-rooms at Cooroy.

Our marketing to those people in the resource areas of the Surat and Bowen Basin has paid dividends and we have workers from those regions who are now going to call the Noosa hinterland home.

Current real estate sales

On Saturday 10^th November we offered 9 properties open for inspection with a total of 38 groups through the doors.

The current hinterland property market is active, 23 sales in September, 12 in October & over $8.5 million worth of sales in November to date.

It’s obvious that the 3 ‘P’s are essential to sell property in this market, that’s price, presentation and promotion. It’s my view that you can’t never pay too much attention to presentation.

Real estate values

In November there has again been a trend towards people buying more expensive properties, hence we anticipate that the average price at hinternoosa will perhaps rise beyond $600,000 this month. Unfortunately this doesn’t indicate an increase in property values, but rather it does to demonstrate hinterland property consumers are seeking out more expensive properties.
image credit: http://www.flickr.com/photos/leebailey/8119909017/