Since launching earlier this year, Reed & Co in the tourism and property hotspot of Noosa has made a flying start by achieving more than $15 million in sales in its first eight weeks.
Founder Adrian Reed said he was delighted by the early progress, which has also been boosted by the addition of industry veterans Don Reed and Andrea Fox, who together bring more than 50 years’ real estate experience in the Noosa region to the agency.
“It has been an exciting start for Reed & Co, as we already have more than $25 million worth of listings and chalked up more than $15 million in sales,” Mr Reed said.
“The Noosa region is currently the state’s strongest performing property market and this year we have already seen Noosa Heads eclipse the $1 million barrier for median house prices.
“This is approximately 20 per cent above the previous peak market performance from 2007-08, just before the global financial crisis. It’s a similar story at Sunshine Beach which is now one of the most exclusive suburbs in Queensland with a median house price of $1.5 million and climbing.”
Mr Reed said Noosa has also been confirmed as one of Australia’s most popular beachside holiday destinations, with research from online booking company Expedia showing Noosa had already reached 95 per cent capacity for family accommodation for the 2018 Christmas week by mid-October.
“Booming visitor numbers over the Christmas-New Year holiday period augers well for the real estate market, with visitors smitten by the Noosa region’s charm and enviable lifestyle with magnificent weather, food, coffee, beaches and rain forest,” he said.
“That helps make it a hot spot for property and we expect plenty of interest from visitors looking to buy into Noosa during the summer.”
Mr Reed said it was fantastic to be joining forces again with his father, Don Reed.
“As a mariner all his life, Don has a soft spot for waterfront property and Reed & Co expect to have many more waterfront assets on our books,” Mr Reed said.
“Both Don and Andrea appreciate that property in Noosa is not just about buying a place to live in or come for a holiday, but it’s about the unique Noosa lifestyle.”