Tewantin Real Estate

ABOUT THE AREA

Tewantin is the living history of Noosa, the original logging, fishing and tourist town. The Kabi Kabis' (local aboriginal tribe) name for Tewantin was Woolumba, meaning place of big water.

Tewantin has retained much of the history of this area while still progressing with the times. The village has kept a strong country town community atmosphere with all services and facilities provided in the distinctive, fashionably upgraded business centre. There are so many features that make Tewantin unique. There are the old Queenslanders in the middle of town and a huge green park rolling down to the river. There is also the incredible natural beauty of Lake Doonella with its myriad of birdlife. From the Noosa Heads side, the Doonella bridge marks the entry to Tewantin.

On the opposite side of the bridge lies Noosa Harbour Marine Village, an area bubbling with marine craft, restaurants, Sunday markets, music and dicor stores. Perched astride the Noosa River this marine village caters for crowds of both tourists and locals. It's a great place for waterfront dining, browsing at art or checking out the most stylish of homewares. To the side of the village is the age old swimming pool and a newer addition is the skate bowl, a much used youth facility.

Newer Tewantin areas include precincts such as Noosa Banks. This exclusive estate just 3 km from the business centre features large blocks in a park like setting with the Cooroibah creek running through the northern boundary. It will be shortly releasing Stage 5 which has already recorded a large number of expressions of interest from many buyers. Another new sub-division has just started selling house & land packages in the low $400's. This is at the end of George Street with the Wooroi Park across the road.

The suburbs, Parklands, Daintree, Noosa Outlook, Noosa River Heights, The Enclave and Bushlands have evolved in Tewantin, each with their own unique qualities with an emphasis on brick and tile, although many of the newer homes are now rendered in the distinctive Noosa Style.

The noticeable absence of holiday accommodation and high season hustle and bustle has seen the area become a haven for permanent residents.

MARKET REPORT

The future of Tewantin is looking brighter with many prospective developments occurring and the housing market on the move again.

The first quarter of 2005 has seen some economic events take place both locally and nationally. Locally the new TAFE officially opened with its strategic location on the Cooroy-Noosa Road . This should have a positive effect on the housing market with people looking for accommodation to complete their studies as well as professionals relocating closer to where they are teaching.

Other developments that are occurring locally in the future are the Beckman's Road sub-division of over 200 allotments along with the driving range which will also be sub-divided, the re-development of the Royal Mail Hotel in the main street and a fabulous restaurant overlooking the river and there is also the possibility of Tewantin connecting to Tin Can Bay via McKinnon Drive, the Beckman's Road upgrade connecting with Eenie Creek Road stages 1 & 2.

Through all of this, property has continued to change hands with an extreme focus on the $300,000-$350,000 price range (This focus was predicted to occur in our last report). One property in Furness Drive sold within four days of being listed by our office. A similar property is on the market and priced to sell at $415,000. With all the bells and whistles, this property at 4 Prestwick Court shouldn't last.

Tewantin has also seen the construction of Woolworths begin (the second Woolworths for Noosa). This development in the main street ( Poinciana Avenue ) should prove to be valuable to both the local business owners and resident owners. This should prove to be an added feature to Tewantin's desirability.

Whilst sales numbers are still far lower than the peaks we saw in the height of the property boom a couple of years ago, they have stabilised and are not expected to reduce further. In the last week of March we set a benchmark with the sale of a superior renovated home in Griffith Avenue in excess of $600,000. Another interesting sale is125 Butler Street , a 3 Bedroom house in Old Tewantin which was good value at $330,000

REIQ analysts have confirmed two trends that are occurring at present in Southern Queensland which are the upper and lower ends of the market are holding up while the middle ranking areas are still in the doldrums. This analysis can only reassure that Tewantin whilst being at the lower end of the Noosa Market is in good shape and this presents good news for sellers and buyers alike. For sellers who have their property priced correctly and who are listening to the market should see results sooner and for buyers it gives confidence that they are buying into a market that is holding up.

Some properties we have that are receiving solid interest are:

4 Prestwick Court ; 3 Bedroom house with the lot; $415,000
35 Cullinane Street ; 3 Bedroom house close to the school; $365,000
10 Greenway Court ; 5 Bedroom house, well appointed; $580,000
145 Werin St , Original Queenslander, $460,000
6 Lyne Court , 3 bedrooms ensuite, $425,000
7 Goodwin St , 4 bedroom stone cottage, $439,000
Australis Resort, 2 bedroom dual key waterfront appts, from $280,000

Report updated April 1 2005

for further information contact
Corynne Moxham on 0408 069 616 or corynnemoxham@remaxnoosa.com.au
Debbie Coleman on 0417 715 048 or debbiecoleman@remaxnoosa.com.au
Grant Baker on 0417 021 713 or grantbaker@remaxnoosa.com.au