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Price of Land at Noosa Estate Dropped

A 12 week stay restriction previously attached to houses in the area has also been removed, Mr Offerman told the AFR.

Noosa has been particularly negatively affected by the economic downturn, with Australian Property Monitors showing the median house value fell from $762,500 in July 2008 to $650,000 in July 2010.

About Marc Pallisco

Marc is a leading Real Estate freelance writer, author and analyst. He is also the founder for Realestatesource.com.au and is also employed as lead property writer for The Age. He currently resides in Melbourne, Victoria.

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