Sunshine Coast Property Talk by Geoff Grover - April 2013
Geoff Grover - Coolum Beach Real Estate
Real Estate Agent, Investment Property, Property for Sale
In recent times analysts have come to re-define the property cycle into 4 phases: boom, bust, recovery, stabilization.
A recovery market is characterized by 5 key features according to leading analyst Michael Matusik - rising sales - a return to price growth, albeit usually quite mild - improving rental yields - more building activity - a more equal market between buyers & sellers.
We showed last month that house sale volumes had increased in the Mt.Coolum area, although prices were down. The table confirms that volumes for houses, apartments and land were all up for the whole Sunshine Coast 2012 over 2011.
Some of the recovery features are in place, sales up & low levels of stock moving to a balanced market, so we are clearly off the bottom, although not far from it.
Matusik believes that the Sunshine Coast is one of several Queensland regions that are now “knocking on the door to recovery”.
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