Noosa Hinterland Market Myth Busters!

We sat down with our expert agents to address the below myths and whether they are confirmed, plausible or busted in relation to the Noosa Hinterland property market.

Myth 1: Rising interest rates will cause a big drop in the property market.

We believe rising interest rates will not cause the Noosa Hinterland property market to experience big 30% drops sensationalised in the media. We can’t have the growth we have had over the last two years forever. Sydney had a 7% drop in the first quarter of this year. However, we must remember that the market is not just Sydney and Melbourne; we are the Noosa Hinterland. People move here for the unique lifestyle on offer and demand for this is still good. Drops are happening around the country and are plausible for our region but big drops speculated in the media are not currently looking like they will relate to the hinterland.

Market Myths - Wythes Real Estate
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Myth 2: I will get a good price for my house if I sell now.

Getting a great price for your house if you sell now comes down to two things; getting the right agent and an agent who is an area specialist and knows the recent sales. There is still a good demand in the Noosa Hinterland region – it is a desirable location close to beautiful beaches and country towns. If someone were to sell now, they would still get a good price in this market. However, you need to align yourself with an agent who knows what they are doing and is experienced in your area.

Market Myths - Wythes Real Estate
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Myth 3: It doesn’t matter what agency I list with, they’re all working with the same buyers.

Yes, many agencies are dealing with the same buyers, and there are double-ups, but not all agents return and respond to buyer enquiries or know how to negotiate; this is where we come in. We get the very last cent for our sellers. We create competition throughout our campaigns to ensure you get the best price possible for your property. We guarantee your property is marketed to its best potential. We don’t just want the first buyer; we want the best buyer.

Our point of difference is that we are from the area and are passionate about it. You’re not just working with one agent. You are working with all of us. You are trusting us to get you the best return on what may be your most significant investment, and we are knowledgeable about the area and know the value of your property. We work hard for our owners to get the best outcome and are genuine Noosa Hinterland locals.

Market Myths - Wythes Real Estate
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How do these Myths relate to Property Management?

Market Myths - Wythes Real Estate
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Do you have more questions about the Noosa Hinterland Market? Contact the team at Wythes Real Estate today!

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