Tewantin Market Report

 

Tewantin is experiencing an interesting trend, with it's medium cost housing in the $500-600k range and good growth potential. As it is to Noosa, shops, supermarkets, schools, hospital and beaches, this makes it an attractive suburb, yet still affordable.

There was very high growth from Oct 2016 - Sept 2017 with total sales of 405, properties selling at a median of $515k and an average of $581k.  The following 12 months shows a discernible 22.5% down trend in number of sales to 314 sales, however,  with a median sales price increase to $566K and a decrease in the average sales price to $571K. The deceleration being mainly in the latter part of this timeframe.
The Royal Banking Commission's findings and consequent lending policies bring an inevitable tightening. This trend is anticipated to be temporary as adjustments are made and the focus will return to affordability and 'bang for your buck' which Tewantin certainly provides.

Notwithstanding, Tewantin remains a great and affordable place to live and invest.

Sales from 1st Oct 2017 to 30th Sept 2018

 

Sales from 1 October 2016 to 30 Sep 2017: 

 

As we have said before - PLEASE give us a call if you have any questions about the market in general, or your property specifically. If you just want to meet and connect so that you can put a face to a name, we also would love to hear from you!