Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Proximity to Buderim Village Is in Demand

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Proximity to Buderim Village Is in Demand

Article excerpt

BUDERIM

3 Settler's Ridge Rd

Features: Four-bedroom house on 0.4ha

Agent: Lloyd Edwards of Ray White Buderim

Inspect: Today 2-2.30pm

Principal'spick

My pick: 3 Settler's Ridge Rd, Buderim. This large family home offers a golden opportunity to acquire high-quality acreage just 1km from Buderim Village. Centrally located to private schools and shopping, the 0.4ha parcel boasts two-street frontage and lifestyle options. The home is scheduled to go to auction on August 30 at 1pm, and I think buyers will be surprised by the value for money that's on offer here.

What is hot right now? Homes on top of Buderim within a short distance of the Village. We're also experiencing good demand for quality small acreage properties in close proximity to private schools. We have had many examples recently where upwards of 20-30 groups have attended single open homes on top of Buderim.

This interest is not limited to a particular price range, but the strongest competition is in the $400,000 and $500,000 bracket.

Has this changed since the start of 2014? Yes. Activity has definitely increased. All key indicators are stronger, with higher inspection numbers, more bidders at auctions, as well as more competing offers.

Property prediction for the latter half of 2014? Continued strong market conditions at the affordable end of the market, resulting in further gradual price growth. The mid and higher end of the market has started to show some encouraging signs and some good results. This will continue to improve as owner-occupiers have the confidence to trade up and take the plunge. Interest rates look like remaining low for some time and there has been plenty of positive economic news for the coast filtering through.

Has the conversion from appraisal to listing changed since 2013? …

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