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Off Market Sales Fuelled by Desperate Buyers

By Dan Sowden

With the numbers of available property for sale falling to a new market low, desperate buyers looking to secure their new home are going to significant lengths in a bid to buy a home.

In a number of notoriously tightly held suburbs, like Alexandra Headland, there has been an overwhelming shortage of quality new houses coming to the market.  At the same time, aspirational buyers whom were once priced out of this elite ‘Golden Triangle’ can see an opening to go to any means necessary to find a home seller.

Local area specialist Jay Sherwell, from Ray White Maroochydore commented, “Buyers today are spending their own time in a bid to find a seller, from door knocking, sending direct letters and even asking friends at BBQ’s if they know someone that is thinking of selling in a certain neighbourhood.”

“The market in Alexandra Headland right now is incredibly tight.”

Mr Sherwell said, “It is almost a weekly occurrence that buyers are now asking if we know of anyone properties that never actually made it to the open market. All to buyers who had been searching for months.”

“Most off market sales are occurring between the $600,000-$1.3m range, however I’m currently working with a number of parties specifically looking in the $1.5m plus range in the area” Mr Sherwell explained. that is potentially coming to the market, and if they can see the property first.”

Buyer demand is predicted to increase significantly in some of the Sunshine Coast’s most tightly held housing markets with buyers choosing lifestyle and location over price in newly formed estates.

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