Tannum house sales stable
By REN LANZONnewsroom@gladstoneobserver.com.au
THE recent median sales figures for Boyne Island-Tannum Sands indicates the quality of property sales there is stable, according to a local real estate agency.
"The figures speak for themselves,'' said PRD Nationwide Tannum Sands co-principal Daryl Pike yesterday.
Mr Pike was commenting on the latest Real Estate Institute of Queensland figures which indicate that Tannum Sands' median sales for the first quarter of this year were up four per cent compared with the last quarter of 2004. This is despite the fact the total Calliope local government area had slipped three per cent in the first quarter compared with the October, November and December quarter last year.
Mr Pike said a three per cent variation was "insignificant'' and that figures for one quarter were not sufficient to establish a trend "although we will have to keep an eye on it''.
"We will get a better idea of the trend at the end of the next quarter,'' he said. "Obviously, although the number of sales in Boyne and Tannum may possibly be down, some good prices are still being achieved.'' Sales consultant for LJ Hooker Tannum Sands, Julie Burton, said she thought the slight slump in the median sale figures was "about right''.
"It's not surprising ? we had noticed a little bit of a downturn,'' she said.
"We've had to work a bit harder and the vendors have had to be a little more negotiable in price to sell.''
She said properties have had to "sit a little bit longer'' on the listings before selling.