Noosa Newsletter July 2018

Hello Noosa Owners and Residents

I can’t believe another three months has slipped by and we are now in the depths of winter. Not bad though when most days are still in the twenties. No wonder everyone wants to live in Noosa.

Like me you probably get tired of reading in the National press about the property market sliding. Well, when you have a boom like they have had in Sydney and Melbourne for the last 4 years, it is pretty obvious it can’t just keep going up. That said, most evidence suggests it is simply resting a while and then it will go again.
NOOSA is different, firstly we have not experienced the same explosive prices they have had down south, however, there are a number of articles which are very positive about the future.

One article quoted veteran Real Estate experts talking about the Golden Triangle, the area from Gold Coast to Toowoomba to Sunshine Coast. They said, “the best market in Australia currently for short to medium-term growth”
Another said “a typical home on the Sunshine Coast has risen by $31,250 in the last year. Noosa house prices are generally $100,000 higher than typical homes on the Sunshine Coast”

A very interesting newsletter came out in June from M Point Financial Solutions, saying new research commissioned by the Australian Institute of Superannuation Trustees, shows superannuation or the pension will not be enough to fund a comfortable life after work. It goes on to say Real Estate investment and retirement planning go hand in hand because both are long term goals.

Additionally, many investors are purchasing properties in their SMSF’s. Another survey conducted for AIST by Essential Media showed 34% of investors are concerned about their children’s ability to afford their own homes, which is driving them to invest in property. Property investment is a key strategy for many investors using their SMSF.

All this augers well for our market and anybody, who understands the market here, believes our prices can only continue to grow.

Another important happening in July was the introduction of the opportunity for people downsizing after July 1st to put $300,000 per person into their SMSF without any tax implications. Probably, never a week goes by that I don’t hear someone say we want to downsize.

Especially for the “downsizers” I have just listed Villa 110 in the Cascades of Noosa Springs. It has the much sought after master bedroom on the ground floor with a very nicely renovated ensuite and unusually a “his” and a “hers” walk in robe. The all white kitchen has been tastefully renovated and the house has been recarpeted. Outside dining/entertaining areas are great. Only one neighbour, ALL THIS FOR ONLY $950,000
Villa 764 Noosa Springs is back on the market having been almost rebuilt. Fantastic renovation organised and designed by Annette Warner, leading Design and Building Consultant.

INVESTORS I have two clients looking to rent homes in Noosa Springs from around August/September for 6-12 months.

Thank you for reading this newsletter and I hope you found it of interest

Joe Langley

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