When is the best time to sell a property in Noosa?
Unlike the southern states where spring is often considered the prime to sell a property, Noosa tends to have a property market that’s active all year round.
So, when is the best time to sell a property in Noosa? Well, the answer is…it depends – on what you’re looking to achieve, who your potential buyer is, and what the market is doing at that time.
Let’s delve a little further into the best time to sell a property in Noosa.
When the market is right
It’s pretty common knowledge the property market tends to work in cycles where buyer demand might be higher at some times than others. Right now in Noosa, it’s considered a seller’s market due to a series of factors.
- Interest rates are at an all-time low, meaning borrowing is fairly affordable
- The lifestyle location of Noosa is in high demand, particularly in the wake of Covid-19
- The price spectrum appeals to a range of buyers, including first home buyers, downsizers, seachangers, and luxury real estate investors.
Together, this means properties that hit the market tend to sell fairly quickly, spending below-average days on market.
Importantly, it also means house values are holding. Across pretty much all Noosa suburbs they have risen during the past year, and vendors do not need to discount to achieve a sale.
This is different from what’s currently being seen elsewhere in Australia where discounting has risen during July.
When your home presents the best
In the southern states, spring is considered the prime selling season because this is the time that homes are likely to present their best.
There’s a fresh scent in the air, people are seeking to get out and about, and gardens tend to be in full bloom. Often buyers are also looking to get into their new home before Christmas. That’s why there’s a rush to market during this period.
But in Noosa, we’re a little different. The picture-perfect weather pretty much all year round means there is no single season where properties are more likely to sell than others.
Instead, we have a fairly solid market throughout the year with both locals and interstate buyers on the lookout for property.
That said, there may be times during the year when your home presents better than others. And as the homeowner, you will know this best.
These are the periods of the year where the light might shine in at the most picturesque angle, when the garden looks its greenest or when beachside living or that backyard pool might just prove that much more alluring.
When your potential buyer is likely to be looking
Although the market is fortunate to be fairly stable all year, there are some times during the year when your prospective buyer is more likely to be looking.
For example, the land is particularly popular at the moment due to the announcement of the recent HomeBuilder grant and first home buyers’ incentives, while beachside properties often prove extra appealing in the lead-up to Christmas.
Mid-year is often a popular time in the property market because interstate investors tend to be in town.
Either way, it pays to consider the time when your potential buyer will most likely be looking.
When you’re ready
When considering the best time to sell, perhaps the most important thing is to make sure you’re ready, both emotionally and in terms of presentation.
We have a great guide on the signs you’re ready to sell here, along with some practical tips on preparing your home for sale.2020/0
You can also learn more about the best real estate agent Noosaville here on our site.
Meanwhile, if you’d like any further advice on the selling process or wish to speak with us about a property appraisal, you can contact the imsold team here.