Real estate market still strong

HARD times or not, there is still life yet in the Gympie real estate market, partly because of its lower price-base and growing interest in the area as an investment location.

That was the view of a random selection of three agents contacted by The Gympie Times yesterday.

All reported a seasonal upswing and a refreshing re-emergence of out-of-state investment interest in Gympie property.

Harcourts Gympie business owner Nathan O’Neill, Laguna Real Estate’s Olivier Miller, and The Professionals Gympie owner Ashley Coleman all reported encouraging signs of a spring rebound in buyer interest but agreed buyers were very price-conscious and prepared to bargain hard.

“Spring is a positive time,’ Mr O’Neill said. “It’s the last half of the year and people being transferred here want to be settled by Christmas.

“We’ve started to get a lot of out-of-town enquiries, although it is still price-driven.

“People are negotiating really hard and vendors have to listen to what people are saying.

“But we are getting a lot of sales through. I think people are turning to regional towns. They’re looking for rural hubs and Gympie is a great place with community and infrastructure.”

Ms Miller, who owns a string of agencies here and on the Sunshine Coast, said her Gympie office had become very important when Sunshine Coast real estate hit hard times.

“While I agree things have been a little quiet in the past two months, we’re concentrating on getting stock at the right price and really embracing the auction method. We are going the extra mile and the average for us to shift property is 30 days now – and that’s pretty good.”

Mr Coleman said it had been a hard winter in real estate, all over Australia and New Zealand but added there were good signs of a spring thaw.

“We’re getting out-of-state interest again and that hasn’t happened for about 12 months.”

Gympie Times

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