Capricorn Coast Property Market

This month I will be focusing on the sub $250,000 established attached to the Capricorn Coast Property Market.

This sector of the market is attractive to both first home buyers and first-time investors.  Purchasing a unit/apartment is recognised to have less maintenance and low vacancy rates as rents are generally less than detached housing.  However, research must be undertaken to the current financial state of the Body Corporate and state of repair and maintenance of the complex.  Body Corporates are essentially a second council that charge monthly rates for the upkeep of the property.

With uncertainty of the full affect the previous couple of the months will have on the economy and alternatively the property market, some hesitancy within the marketplace is a strong possibility.

YEPPOON

July – September 2019: 14 sales grossing $2,301,500 at an average of $164,393.

October – December 2019: 21 sales grossing $3,317,900 at an average of $157,995.

January – March 2020: 8 sales, grossing $1,496,500 at an average of $187,063.

It is interesting to note that 2019 finished strongly with 21 sales grossing $3,317,900.  I personally attribute this to an increase in confidence not only in the local economy but also nationally as many sectors of the economy were looking forward to a strong 2020.  The beginning and middle of 2019 saw speciesism within the marketplace that was filled with uncertainty.  You can notice a significant drop-off in sale numbers in the beginning of 2020.  The fires within the region and many primary producers in the surrounds succumbing to the drought would have had a significant impact.  Come the second quarter of 2020.  As sales statistics are yet to come through, we are yet to see what the effects of COVID-19 will have.  However, over the past couple of weeks agents have reported an increase in activity.  Let hope this continues into the second half of 2020.

Any queries on the Capricorn Coast Property Market,  Plant, Machinery valuations, Business, Agriculture, Manufacturing, Livestock or Property please do not hesitate contact us.