Sir lastnail wrote on Mar 10^th, 2011 at 2:05pm:


I don't know .. Andrei seems to be running from me quite a bit these days. Hmmm .. I wonder if the questions/comments I am directing at Andrei are perplexing him a little?

Perhaps I ought to dumb slow down?

That topic should be linked to this one. This is gonna get confusing otherwise.

TKline wrote on Mar 11^th, 2011 at 4:15pm:


In Melbourne the property spruikers were at it again on the 6 pm news  talking about housing afford ability being out of the reach of most and maybe if you can't afford to get ripped off buying an over priced house then you should just rent a joint preferably from a real estate agent of course Why does the media keep running with this garbage ? Who really needs to know about not being able to afford to buy something ? Just say nothing and leave it be because they have had their chance to make housing more affordable to first home buyers with the failed FHOG scams !!

I think the spruikers like to play musical chairs. Get in and buy now before the music stops and you miss out because it's only going to get dearer Yep house prices are going to keep rising whilst wages stay constant and then who will be able to afford to buy their rubbish ?? With no one to buy what do they think will happen to the price ?

Ex Dame Pansi wrote on Mar 12^th, 2011 at 6:19am:


Hmmm .. interesting because I just came back from an auction where a waterfront property (now owned by one of my rels) .. sold well above the reserve price.

Sydney is BOOMING I tell ya.

Where are these beachfront properties that you've mentioned roughly located Pansi?

bwood1946 wrote on Mar 12^th, 2011 at 1:10pm:


It sounds like they might be to me.

Perhaps we ought to wait and see what Pansi's answer is though.

Even though my specialty and focus is the Sydney domestic property market .. I can access whatever real estate information I want regarding other areas in Oz.

AS FAR as top-end real estate goes, these are rich pickings - Noosa's property market is brimming with luxury bargains due to an oversupply of stock and undersupply of buyers.

As pressure mounts on sellers some under siege from banks prices of homes in the iconic playground for the rich and famous have dropped.

Prominent agent Tom Offermann said that for "those with confidence" this was a defining moment. "You can buy well and reap the rewards," he said. "Stock is up 20 per cent on normal levels, buyers are down about 30 per cent and there's good value."

Mr Offermann said the reason behind the downward shift was that Noosa had a high concentration of "discretionary properties" holiday and investment homes that people looked to dispose of in uncertain times.

However, he said the area coped better than other hotspots and would bounce back faster.

Mr Offermann's agency recently sold a duplex apartment at 2/11 Mitti St, Little Cove, for $2.015 million for sellers who had acquired it in 2006 for $2.43 million a reduction of 17 per cent.

A stunning waterfront unit in Las Rias on Noosa Sound is listed at $1.95 million 22 per cent below the 2008 value of $2.5 million.

Laguna Real Estate has arguably the biggest bargain, described as "the pinnacle of luxury" in the prized Little Cove precinct.

Agent John Swainson said the price of Lot 3 Bayview Woods an architecturally designed four-bedroom, three-bathroom prestige home a short stroll through rainforest to the water and Hastings St had been slashed 34 per cent from $2.95 million to $1.95 million.

The owner, a long-time local developer and real estate agent, who did not wish to be named, told The Courier-Mail he was selling due to "financial pressures" linked to the global financial crisis and had decided to move to Cairns to start a new business.

"The timing obviously is not good, but I will sell this property," he said.

"I have worked in this area for 30 years and am aware of the market changes. I think that, generally speaking, Little Cove prices have shrunk 15 to 20 per cent, but it's an incredible spot that will bounce back strongly."

At Sunshine Beach, Heather Marshall, of Dowling and Neylan, has another property a developer is looking to sell in a hurry.

Previously listed as high as $1.4 million, 14b Weyba St was $920,000 last week and today has seen a further reduction to $895,000 (down 36 per cent) and this includes a furniture package worth tens of thousands of dollars.

Competition for a sale also is heating up across town along the prized canal-front street of The Promontory at Noosa Waters.

This millionaires' row, where mansions previously have sold for more than $4 million, has seen a number of "For Sale" signs hammered in with some prices recently reduced by up to $300,000.

The good news, Mr Offermann says, is that there are signs of recovery, led by increased interest from interstate and Brisbane buyers.

With the tide turning, the man who has ridden the renowned surf town's high and lows for 26 years says those who buy now will have plenty to celebrate in coming years.

"These prices won't last. Once the recovery becomes more evident, sellers will firm up their prices," he said.

Knockdown prices

Lot 3 Bayview Woods, Little Cove

WAS: $2.95m

NOW: $1.95m

REDUCTION: 34 per cent

Unit 2, Las Rias, Noosa Sound

WAS: $2.5m (2008)

NOW: $1.95m

REDUCTION: 22 per cent

2/11 Mitti Street, Little Cove

WAS: $2.430m (2006)

NOW: Sold for $2.015m

REDUCTION: 17 per cent

14b Weyba St, Sunshine Beach

WAS: $1.4m

NOW: $895k (fully furnished)

REDUCTION: 36 per cent

http://www.couriermail.com.au/property/rich-pickings-as-noosas-mansions-going-for-a-song-as-buyers-retreat/story-e6frequ6-1226020073799

<<There were 2 other cashed up Asian couples there bidding hard .. >.
.........................................................................

What sort of visa were they on, or what passports did they have lisa. Were they Australian born? They could have been Mongolian drug smugglers yeah?