Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Reap Rewards of Recovery

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Reap Rewards of Recovery

Article excerpt

Byline: ERLE LEVEY

LAST year we looked around and picked out some plum buys while the property market was probably at its softest.

Now, as the market stablises and moves to the recovery stage we see what is on offer for those searching for value.

Activity continues to be greatest in the sub-$500,000 sector but property analysts are now starting to point to the next price bracket and suggest the best value may be in $700,000 properties.

Anything of substance in the sub-$300,000 market is particularly hard to find.

REIQ Sunshine Coast zone chair Lloyd Edwards said low-hanging fruit was still attractive but that sweeter fruit may be worth the extra effort.

"The orchard of real estate is full of trees with bargains at all heights," he said.

"The market since 2008 has been largely about picking the low hanging or easy to reach. In some cases the fruit that has crashed to the ground.

"But now the orchard is clear, the low-lying branches have been trimmed and the select fruit requires more effort from buyers to secure. …

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