Think Local

Think Local from Geoff Grover  - Mount Coolum Real Estate

By: Geoff Grover - Mount Coolum Real Estate  16-Oct-2012
Keywords: Comparative Market Analysis

National housing stock on the market levels increased by 3% in the 12 months to Aug 2012 (Matusik Post) which indicates we are still in a buyers market everywhere with plenty of stock to choose from. Breaking this down by area, Matusik reports that in his view the market is particularly oversupplied in regional Qld with Cairns, the Gold & Sunshine Coasts specially mentioned To have any reference for the individual home owner, it is important to drive down to Post Code areas, such is the variation between regional areas. The table above highlights the 4 post code areas in Australia with the greatest drop in the number of houses on the market, suggesting they now have much limited stock availability. Source - SQM Research Interestingly, of the 4 biggest drops in Australia shown in the table, Coolum 4573 in the Sunshine Coast region is 3rd, Paradise Point in the Gold Coast region = 4th, yet the total Sunshine & Gold Coast regions in total are said to be in oversupply. All this confirms earlier advices that Coolum is now a “hot spot’ in a balanced market, a good time to buy & sell at current prices.. These numbers highlight again the importance of local knowledge and marketing when buyers and sellers contemplate entering into a property transaction. Full articles of these extracts are on www.geoffgrover.com.au with the Top Ten Improvers & Losers Individual post codes Source - Matusik Missive Posts Sep 25th and 26th & acknowledging SQM Researc

Keywords: Comparative Market Analysis

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