Peregian Beach Real Estate

ABOUT THE AREA

The coastal strip of pristine open beaches running south of Sunshine Beach to Peregian Beach is becoming a popular hideaway for holidaymakers and investors.

Just 10 minutes south of Noosa is Marcus Beach, a place where life is a little slower and more relaxed than in the heart of Noosa and where the trees and bird life prevail over development. A regular occurrence at this time of year is the magnificent sight of passing whales in migration. The National Park runs behind the coastal strip with blue waters of Lake Weyba being its focal point.

The idyllic lifestyle overlooking the beach, or amongst the trees and birds, on larger than average blocks of land is offered here in a variety of impressive homes designed to capture that relaxed Queensland style. The village of Peregian Beach is changing face and is now the focus of families in the area both local and holidaying with trendy cafes and boutique shops with international flavour equal to any on the coast. The beach is magnificent with kilometres of sand and surf overlooked by protected coastal dunes.

MARKET REPORT

The Peregian Beach and Marcus Beach markets have remained sluggish for the first quarter of 2005 as have other areas in the Noosa Shire. This has also been reflected in Peregian Springs with properties taking on average 5-6 months to sell, even when realistically priced. There is always an exception to the rule, but this trend is very frustrating for keen sellers. This effect has been caused by an oversupply of quality new homes coming to the market, and land still available at realistic prices. Golf course frontage properties are now on the market from $600,000 to over the million mark. Quality houses are still available off the golf course - spending $600,000 will be sufficient to find yourself owning a large, modern house with excellent fittings. It is this quality of Peregian Springs property which is providing competition for the general Noosa market and for those buyers who are happy to live ten minutes from the holiday centre it represents good value.

As always sales are still occurring in areas which have water views or are very close to the water. Avocet Parade, Kestrel Crescent , Pelican Street and Peregian Esplanade are achieving sales exceeding the million dollar mark. Two sales in Pelican Street were recorded at $1.830M and $1.8M with Peregian Esplanade following close behind at $1.785M and $1.5M.
We have also seen quite insignificant small homes on large blocks completely renovated and achieving good prices.

RE/MAX has recently sold properties in Peregian Beach for the mid $500,000's in prime locations for renovation, and we currently have listed excellent properties which compare very favourably with Noosa properties both in quality and price. So for the buyers who enjoy the quaint village atmosphere which Peregian offers this is a great place to purchase either for holidays or to live with a beach lifestyle.

With the change in the real estate market from a sellers' market to a buyers' market we are seeing more properties up for sale and thus more competition. Whatever the conditions we are still seeing good interest and enquiry in our beachside real estate. Peregian continues to attract interest from out of town buyers especially from Brisbane as it provides the perfect holiday retreat ready for retirement in years to come.

Report updated April 1 05

For further information please call Robyn Seccombe 0409585047 or robyn@remaxnoosa.com.au