The
turn of the century saw a dramatic change in Coolum house prices - up until
then, rises in the low range of inflation were the norm, suddenly they
dramatically rose to create the notion that house buying was a sure
fire major wealth creator rather than a roof over ones head..
Sadly for many, a major correction commenced in 2009, so a purchase in 2008/9 will really struggle to return close to the buy price today.
To get some idea of these cycles on an over all basis, a median price average analysis is useful, although a price on a particular property requires a detailed like for like analysis.
Sadly for many, a major correction commenced in 2009, so a purchase in 2008/9 will really struggle to return close to the buy price today.
To get some idea of these cycles on an over all basis, a median price average analysis is useful, although a price on a particular property requires a detailed like for like analysis.
Coolum Median Property Prices
The turn of the century saw a dramatic change in Coolum house prices - up until then, rises in the low range of inflation were the norm, suddenly they dramatically rose to create the notion that house buying was a sure fire major wealth creator rather than a roof over ones head..
Sadly for many, a major correction commenced in 2009, so a purchase in 2008/9 will really struggle to return close to the buy price today.
To get some idea of these cycles on an over all basis, a median price average analysis is useful, although a price on a particular property requires a detailed like for like analysis.
The turn of the century saw a dramatic change in Coolum house prices - up until then, rises in the low range of inflation were the norm, suddenly they dramatically rose to create the notion that house buying was a sure fire major wealth creator rather than a roof over ones head..
Sadly for many, a major correction commenced in 2009, so a purchase in 2008/9 will really struggle to return close to the buy price today.
To get some idea of these cycles on an over all basis, a median price average analysis is useful, although a price on a particular property requires a detailed like for like analysis.
Coolum
Beach House price
The
turn of the century saw a dramatic change in Coolum house prices - up until
then, rises in the low range of inflation were the norm, suddenly they
dramatically rose to create the notion that house buying was a sure
fire major wealth creator rather than a roof over ones head..
Sadly for many, a major correction commenced in 2009, so a purchase in 2008/9 will really struggle to return close to the buy price today.
To get some idea of these cycles on an over all basis, a median price average analysis is useful, although a price on a particular property requires a detailed like for like analysis.
Sadly for many, a major correction commenced in 2009, so a purchase in 2008/9 will really struggle to return close to the buy price today.
To get some idea of these cycles on an over all basis, a median price average analysis is useful, although a price on a particular property requires a detailed like for like analysis.
Coolum
Beach House price
 |
Property investment is best
served by the old adage of ‘it is time in the market that counts, not timing
the market”.
You can`t always profit on a
property sale, it depends on the property cycle.
Those caught out buying at the
peak need to recognise that the reality
is when you buy and sell in the one
market, it is the relativity that counts, not quantum prices - you lose on your
sale, pick it up on the purchase.
Interestingly, the long term
trend from 1993 to today is the equivalent of
6.5% compound growth every year.
These numbers are only useful
as generalisations for long term
trend analysis, and only where the type
of properties sold remains constant.
For instance, Mount Coolum figures would
be heavily distorted with the recent
upmarket Boardwalk development.
Geoff Grover
Mount Coolum Real Estate
South-East QLD on the whole has experienced drops in prices over the past few years, however is on the rebound and some property gurus are even stating that the area is the current hotspot for buying property. Those how have found it difficult to sell their house in the competitive marketplace have found http://housedeal.com.au/sell-your-house-in-brisbane to be a positive alternative offering a potentially better result than expected.
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