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For Feb 2016

The 'Rouse Real Estate Report'  for the Northern Sunshine Coast

You can always go to the generic Real Estate information sites and get the latest 'official' perspective however, if you want it from the trenches (every month) on the Northern Sunny Coast, read on....... 

Well, we are already past the first 2 months of the year and as usual, we have had some ups and downs.  I would say at the moment, the market is a bit unstable, not exactly sure why, but it is.  Buyer demand is down, only slightly, and they (the buyers) are moving a bit slower. This could just be a function of the oversupply we have had (typical Christmas period).  Hopefully the stock will diminish over the next month, and we will start to see a pick up in the list:sale ratio.   If you would like me to hone in on your particular property (and area) for a more accurate sales analysis, simply call or email.  My current summary for specific categories follows: 

Housing - Residential:  Slightly oversupplied in some areas and we have seen a slight slowdown

Housing - Units:  Selling, but as with houses, a bit slow

Housing - Rural:  Seems to be selling well at the moment

Land - Rural/Residential:  Selling well as the stock is slightly diminished 

Rentals:  We are still seeing a slowdown and rental have suffered slightly.  I think this is just a temporary oversupply issue and should correct itself soon.  My advice to anyone that has a vacancy, drop the price quickly to get a tenant in on a 6 month lease, and then start to increase the rent every 6 months to get back on track within 12 months - 18 months.   As with sales, If you would like me to hone in on your particular property (and area) for a more accurate rental analysis, simply call or email.  



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