2022-11-14 GC Agenda - Item 4 - Attachment 2 - Appendix 13 to Attachment 1

NOOSA SHORT STAY ACCOMMODATION ECONOMIC & SOCIAL ASSESSMENT



2.3                         PROPERTY MARKET DATA

     Property market (sales and rent) data presented in this section are presented as quarterly data but they
     represent activity over the 12 months to the quarter. For example, March quarter 2022 data represent annualised
     activity from beginning April 2021 to end March 2022. The preceding quarter presented in the series, December
     quarter 2021, represent annualised activity from beginning January 2021 to end December 2021.

     Caution should thereby be taken in interpreting this time series data, as data is presented over rolling periods
     of activity and quarterly change will be influenced by the net difference in activity between the quarter that drops
     off the annualised period and activity in the quarter that is added.


2.3.1                       Residential Dwelling Sales Activity
Quarterly YE data of sales volumes in Noosa (Figure 2.8) show that the dwelling sales market had cooled in 2019
and early 2020. However, activity jumped from late 2020 through the COVID-19 period, peaking at around 2,800
sales in YE June 2021 (approximately 300 dwelling sales higher than the previous peak in YE September 2017).
Both attached and detached dwellings saw rapid growth in sales volumes during this period.

Figure 2.8. Annual Dwellings Sales Volume by Quarter (Year Ended Volumes), September 2012 to March
2022, Noosa
                 3,000


                 2,500


                 2,000
Sales (Number)




                 1,500


                 1,000


                  500


                    0
                         Sep Q 2012



                                                   Sep Q 2013



                                                                             Sep Q 2014



                                                                                                       Sep Q 2015



                                                                                                                                  Sep Q 2016



                                                                                                                                                            Sep Q 2017



                                                                                                                                                                                      Sep Q 2018



                                                                                                                                                                                                                Sep Q 2019



                                                                                                                                                                                                                                          Sep Q 2020



                                                                                                                                                                                                                                                                    Sep Q 2021
                                      Mar Q 2013



                                                                Mar Q 2014



                                                                                          Mar Q 2015



                                                                                                                    Mar Q 2016



                                                                                                                                               Mar Q 2017



                                                                                                                                                                         Mar Q 2018



                                                                                                                                                                                                   Mar Q 2019



                                                                                                                                                                                                                             Mar Q 2020



                                                                                                                                                                                                                                                       Mar Q 2021



                                                                                                                                                                                                                                                                                 Mar Q 2022




                                                      Attached Dwellings                                                         Detached Dwellings                                                    New House and Land
Source: QGSO (2022).

The trend in changes in Noosa’s dwelling sales volumes has been similar to SEQ since 2012 (Figure 2.9). This has
continued post-COVID-19, with both Noosa and SEQ experiencing significant growth in sales from YE March 2020
to YE June 2021.

Additional detail regarding sales volumes across each property type (attached dwellings, detached dwellings and
new house and land) compared to SEQ is provided in Appendix A, showing how each sub-market in Noosa has
performed relatively consistently with SEQ.




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