Why Is It a Good Reason to Buy Property in Noosa during Winter

Buying in winter when prices are lower is one way canny real estate purchasers can snare a bargain, particularly at the upper end of the luxury residential market.

From Noosa, up the Queensland Coast to Port Douglas, agents admit it’s a rare vendor choosing to sell between June and August, unless there’s good reason.

“Winter means less competition among buyers, so with less pressure and more time to negotiate there is more chance to pick up a bargain,” says Tom Offermann of Noosa’s Tom Offermann Real Estate.

“Owners selling in winter more often have real motivation or reason to sell, so buyers are dealing with genuine sellers, while those less pressured tend to wait for the spring selling season.’’

Offermann says another good reason to buy in winter is that by the time settlement occurs it will be spring and buyers can make the most of the warm beach weather.

The seasoned agent acknowledges the real estate temperature in Noosa moves with the seasons.

“Warmer weather attracts more visitors and more buyers. When Noosa is buzzing, there is a feeling that you need to buy now, or miss out,’’ he says.

Offermann has listed several prize properties, including a house owned by former world No. 1 tennis player Thomas Muster at 41 Mossman Court, Noosa Sound, which has an asking price of $5.9 million. The three-bedroom property has a white sandy beach with views up and down the Noosa River. Muster, from Austria, is selling because he’s spending less time in Australia.

Also in the Noosa region, the owner of a national building group is selling a four-bedroom house at 6 Allambi Rise, Little Cove, via auction through agent Milan Markanovic of Tom Offermann Real Estate. The property has a secure garage for 20 cars.

Richardson & Wrench Noosa principal Shane McCauley says there’s quite strong buyer activity in Noosa but disagrees there are bargains aplenty in winter.

“Once the federal election was called for July 2, interest declined but we are now seeing increased buyer activity.”

McCauley says buyers from Melbourne and Sydney drive the Noosa market.

“People sell down in Melbourne and Sydney to take advantage of their booming city property markets and high prices.

“They invest in Noosa and in Hastings Street. We have not had any price reductions because our Noosa market is showing some really positive signs and, moving forward, there will be more positive signs to come.”

Further north, in Port Douglas, there are few listings at the top end of the market, however a house on the township’s famed hill recently sold for $5.1m through Tony McGrath of The Pink Real Estate Agency. “I have a couple of others at the same price on the market. None of the vendors are stretched but they do want to sell,” he says.

Just Jeans founder Craig Kimberley listed Kalimna, at 46 Murphy Street, Port Douglas, several years ago. The seven-bedroom property has again hit the market through McGrath’s partner Callum Jones, with an asking price of $6.5m down from the original price of $8m.

Covering 950sq m Kimberley’s house is built on 4000sq m spread over two allotments. The property sports seven bedrooms and eight bathrooms including a fully self-contained caretaker’s cottage.

Kimberley is selling because he is not spending as much time in Port Douglas.

 

Credits: Property buyers seek out winter bargains in Noosa, Port Douglas