Maroochydore:
Maroochydore showed the strongest growth in sales numbers with an increase of 26.5% in sales numbers in 2007 from 2006. In 2006 there was a total of 590 apartments sold in Maroochydore at a total value of $257,435,740. The average price of all apartments sold in 2006 was $436,331. In 2007 there was an amazing 744 sales at a total value of $327,361,500 for an average price of $440,002. Despite the fact that these figures only show a 1% increase in prices, ever increasing buyer demand in the area which is evident from the enormous sales numbers growth is helping underpin a very healthy market and is key indicator into the strength of the market in the months to come.
Affordability has been a key issue in the market place as prices continue to rise across most sectors. Buyer demand has been particularly strong for properties under $400,000. Across all areas it was of great interest to see that there are still large numbers of properties selling under $300,000. Affordability is still quite good despite the growing market.
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