Last year we broke the $2 million average sale price for the first time. This was up from the highest average sale price of $1.8 million in the previous year. Last year saw 59 sales compared to 41 sales in 2017.
Days on the market is getting back up there at 227 which is still a long way from 2012 when it jumped to 607 days. Yes, I can remember those days, ouch!
Currently, there are 25 homes on realestate.com.au For Sale, and only seven of these are under $2 million, and three of these properties have narrow frontages, so very slim pickings indeed in this price range.
This year there are currently six new homes under construction, and four of them are very substantial homes, as well as some very serious renovations happening. There are strong rumours that two major demolitions are about to occur on Mooloolah Island and Minyama Island that will well and truly turn heads as new MEGA mansions take their place.
If this does not give you confidence in this wonderful lifestyle, I don’t know what will! So, enjoy and look forward to seeing you out on the water!