Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Hinterland Buyers Are Happy to Pay Top Dollar

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Hinterland Buyers Are Happy to Pay Top Dollar

Article excerpt


AFTER the rain, there is a growing feeling of confidence in the Sunshine Coast hinterland, as the property market experiences a lift.

Like the coastal strip, the trend last year was on properties considered good value. But that is changing.

Ben Wilson of Ray White Lifestyle at Maleny said there was stronger interest in the higher end properties of late.

aLifestyle properties certainly appear to be coming back into favour, with buyers now starting to show more interest, as sellers start to position these properties in the correct price ranges,a he said.

aNew sellers to the market are experiencing quicker results, as they are listening to what the market has been saying over the last couple of years and arenat trying to fight it.

aThey have generally made the informed decision to sell and realise what it will take to get a good result.

aOld stock that is still sitting there is normally for the same reasons: been on the market for too long at the wrong price or they are not marketing the property correctly.a

Peter Flint of Elders Sunshine Coast Hinterland agreed there was a slow increase in top-end properties.

aThe buyers are looking for quality at a reasonable price, not a bargain,a he said. aAnd smart vendors are taking advantage of this situation.

aThere has been great bottom-end movement in Nambour, Woombye and the hinterland.

aWe have had consistency in sales and listings for this section of the market and stock is running out.a

Elders Palmwoods principal Mike Burns just listed what he described as aa couple of rippersa, as well as achieving $1million-plus for a lifestyle acreage property.

aThe buyer inquiry has increased,a he said. aBut prices havenat really changed.

aA lot of people are downsizing, making things more manageable. But there is growing confidence and people are responding.

aYou can get something on the waterfront or some acres with lots of lifestyle opportunities. …

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