40 Hastings Street, Lot 27, Noosa.
A FEDERAL ELECTION victory for the LNP, interest rate cuts and confidence flooding back into the market is the perfect investment tonic for commercial assets, and affluent Noosa on the Sunshine Coast should be top of people’s lists in Queensland.
“I think at this point of the property cycle people are looking for security and there’s no doubt that Noosa offers that in a couple of ways,” said Ray White Commercial Noosa and Sunshine Coast North Director Paul Butler.
“Depending on location and asset type, given the smaller market in Noosa, there’s generally a higher demand-to-supply ratio.
“This means investors feel more secure knowing that there’ll never be endless amounts of that type of stock available, and that also translates into a higher liquidity factor, if it’s time to sell.
“The strict control around Noosa with the Town Plan also means over supply of stock is less likely to be an issue at any point in time. Also, as the cost of development increases, this increases the value of existing stock.”
Mr Butler said the amount of stock accessible to the market right now was constricted, particularly when it came to investment grade stock.
“Most recent transactions have been off-market, with three sales in Hastings Street for a combined price of $8.8M, in addition to some on-market transactions around $2M each,” he said.
“A high volume of sub $1M stock has been sold to both owner occupiers and investors.