Market Update – 3rd quarter 2022

Australian house prices have seen widespread falls over the past few months, particularly in major cities like Melbourne and Sydney. This trend is expected to continue throughout the year and, while it might sound like a great opportunity for homebuyers, borrowing capacity has been adjusted down as debt servicing is recalibrating the amount that banks will lend on home purchases. The net effect: Buyers have lost buying power and that is being reflected in the waning market momentum. The flow-on effect for Noosa is that sellers in southern markets are moving north with less available stock in their budgets so they are seeking better value in their purchases.

Get a more detailed market update for the Noosa suburbs below.