Market madness in Noosa | Noosa Today

By Alan Lander

The Noosa property market has entered a perfect storm and is now operating in such frantic conditions industry observers are saying they have never seen anything like it.

It’s so overheated that some sellers are buying caravans and blocks of land as there’s no alternative property available, and buyers door-knocking homeowners asking if they want to sell.

By the Rules Noosa Junction conveyancing franchise owner Verelle Southgate described the scenario as “an absolutely absurd cycle“.

Ms Southgate has bought and sold property for more than 20 years and has worked within By the Rules for the past six years. She also owns a franchise in Cairns.

She watched the Noosa market abruptly stop after…