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Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

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Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

Kelly Landry and Anthony Bell recently bought a house in Noosa. Photo: Belinda Rolland.Source:Supplied

WHAT do a sports star, a burger-flipping entrepreneur and a celebrity power couple have in common? A penchant for property in this idyllic, seaside town.

A CASHED-UP sports star splurged $8.4 million on an oceanfront mansion there.

A burger-flipping entrepreneur just paid a record $18 million for a piece of its real estate.

And a power couple at the centre of a high profile marriage split have spent more than $10 million on a waterfront hideaway in the town.

The exclusive seaside village of Noosa, on the Sunshine Coast, has long been a favourite holiday spot for the world’s rich and famous.

But these days, they don’t just go there to relax — they go there to live.

Just ask the likes of ex-Formula One driver Mark Webber, retail billionaire John Van Lieshout, musician Jon Coghill and former car rental boss Bob Ansett, who all call Noosa home.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

Former Formula One driver Mark Webber owns a home in Noosa.Source:Supplied

Former professional tennis star Joshua Eagle also owns property in the area, while Greg ‘The Shark’ Norman is reportedly hunting for a home there.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

Greg Norman is reportedly looking for property in Noosa. Picture: David Crosling.Source:News Corp Australia

And don’t forget Suits star Gabriel Macht, whose wife is Australian actor Jacinda Barrett, has invited the royal newlyweds Prince Harry and Meghan Markle to honeymoon at their Noosa beach house, which was bought more than a decade ago for just over $750,000.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

The Noosa home Gabriel Macht has invited Meghan Markle and Prince Harry to stay in. Picture: Realestate.com.au.Source:News Corp Australia

The town’s strict population cap and laid-back lifestyle, combined with its beautiful beaches, rainforest and ecological areas, have made it highly sought-after real estate.

Local agents are reporting a resurgence in Noosa’s prestige property market, which is forecast to further gather speed as a result of strong interstate migration and infrastructure investment.

A decade on from the damage caused by the global financial crisis, the super wealthy are returning to the town in droves — and they’re happy to pay top dollar for whatever they can get their hands on.

Just last month, a Little Cove beach house owned by high profile stockbroker David Evans changed hands for $11.2 million to a Melbourne-based buyer linked to the Roger David menswear chain, after selling for only half that just three years ago.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

This house at 5 Allambi Rise, Noosa Heads, has sold for $11.2m.Source:Supplied

In March this year, Noosa’s median house price reached $665,000, compared to the Sunshine Coast median house price of $563,000, according to the latest Real Estate Institute of Queensland figures.

The Noosa unit market also blossomed over the past 12 months, growing a stunning 7.1 per cent to reach an annual median price of $525,000 — the most expensive unit market in Queensland.

In fact, Noosa house prices have grown 38.5 per cent since 2013 — the strongest medium-term growth anywhere in Queensland.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

Noosa real estate is in demand from high profile business people, sports stars and celebrities.Source:News Corp Australia

Tom Offermann of Tom Offermann Real Estate, who has had a long career selling beach and riverfront mansions in the Noosa region, said he had noticed a growing trend among high profile buyers looking for holiday homes not to rent out, but to use for bringing family together.

“We’ve had a large number of people in recent months come to us citing that their intention is to purchase a holiday home so they have a place to bring the family together,” he said.

Mr Offermann said it was a “pleasure” dealing with clients at the top end of the market, who were particular about what they liked, time poor and appreciated confidentiality.

“There’s a lot of people under the radar here with hundreds of millions, or even billions, that you don’t even know of,” he said.

Adrian Reed, an agent with Dowling & Neylan Real Estate Noosaville said the Noosa region’s appeal had broadened from “its traditional base of Melbourne elite”.

“There’s significant interest now coming out of Sydney and internationally and that’s changed the profile of not only the popularity of Noosa, but who’s living and working here,” Mr Reed said.

“The ability for people to work remotely now is completely changing the paradigm and allowing people to be remote CEOs.

“The convenience of the commute or a private jet to the Sunshine Coast airport means they can operate at the highest level and live in paradise.”

Mr Reed said he expected the new-found interest in the Noosa region to increase.

“When you look at what you can get for $10 million in comparison to Sydney, Noosa is exceptional value,” he said.

THE RICH AND FAMOUS WHO CALL NOOSA HOME

Adam Scott, champion golfer

Bought an oceanfront house in Sunshine Beach for $8.4 million in April 2017.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

Professional golfer Adam Scott recently bought a home in Noosa. Photo: Sam Greenwood/Getty Images.Source:Getty Images

Anthony Bell and Kelly Landry, celebrity accountant and television identity

Paid $10.3 million for a six-bedroom, waterfront home on Noosa Sound in October 2017, which was rated HIA Queensland home of the year.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

This house in Noosaville sold for $10.3 million.Source:Supplied

Richard Branson, Virgin Group founder

Bought Makepeace Island in the Noosa river in the early 2000s for $2.86 million.

The property features a main long house with a giant bar, a four-bedroom guesthouse, several two-bedroom villas, a boat house and a lagoon pool with a lap lane, dive spots and a 15-person spa. It can accommodate up to 22 guests.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

Makepeace Island, Queensland. Picture: Supplied.Source:Supplied

Sir Richard Branson at his private resort, Makepeace Island, on the Noosa River.Source:News Limited

Jon Coghill, former drummer of Powderfinger

Bought a house in Marcus Beach for $1.37 million in 2014.

David Hales, Betty’s Burgers founder

Bought Pat Rafter’s property in Sunshine Beach for $15.2 million in January 2018.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

The former house of tennis star Pat Rafter sold for $15.2m.Source:Supplied

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

David Hales, founder of the Betty’s Burgers chain, has bought a house in Noosa. Picture: Eric Blaich.Source:Supplied

David Russell, co-founder of private equity group Equis Energy

Paid $18 million for a house in Sunshine Beach in February 2018 — the highest price ever paid for a home in the entire Sunshine Coast region.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

This Sunshine Beach house sold for a record $18m.Source:Supplied

Mark Webber, former professional racing driver

Owns a house on 1362 sqm of land in Noosa Heads, which he bought for $4.9 million in 2011 from former tennis star Thomas Muster.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

The house owned by Mark Webber in Noosa Heads.Source:Supplied

John van Lieshout, billionaire founder of Super A-Mart furniture store chain

Owns two houses next to each other on the canal in Noosa Heads. He bought one for $3.68 million in 2011 and the other for $430,000 in 1989.

He also owns The Seahaven Resort overlooking Laguna Bay, which he paid just over $40 million for in 2012.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

Billionaire John Van Lieshout owns two houses and a resort in Noosa. Picture: Mark Calleja.Source:News Corp Australia

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

Noosa’s Seahaven Resort is owned by billionaire John Van Lieshout.Source:Supplied

Jacinda Barrett, Australian actress

Owns a beach house in Sunrise Beach, which was bought for $762,000 in 2006.

The Sunrise Beach home offered by Jacinda Barrett to Prince Harry and Meghan Markle.Source:News Corp Australia

Dawn Fraser, former Olympic swimmer

Lives in a house in Noosaville. It was bought for $1.398 million in 2004.

Bob Ansett, Budget Rent A Car founder

Lives in a house in Sunshine Beach, which he bought for just $260,000 in 1987.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

Budget Rent A Car founder Bob Ansett lives in Noosa.Source:News Corp Australia

Carl Hartmann, entrepreneur

Owns a house in Noosaville, which he paid $3.8 million for in November 2017.

Brian White, Ray White Group chairman

Owns a unit at Little Cove, Noosa Heads, which he bought for $4.25 million in 2001.

Graham (Skroo) Turner, Flight Centre CEO

Owns a unit in the same building as Brian White.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

Flight Centre chief executive Graham Turner and his wife Jude own a unit in Noosa. Picture: AAP/David Clark.Source:News Corp Australia

Euan Murdoch, Herron Pharmaceuticals founder

Owns a unit in the same building as Brian White and Graham Turner.

Joshua Eagle, former professional tennis player

Owns a three-bedroom house in Sunshine Beach, which he paid $870,000 for in 2006.

Noosa boom: Why the once sleepy holiday town has become home to the rich and famous

Lisa Curry and Dawn Fraser both own homes on the Sunshine Coast. Picture: Nigel Hallett.Source:News Corp Australia

Lisa Curry, former Olympic swimmer

Bought a house in Crohamhurst with her Elvis impersonator husband, Mark Tabone, in July 2017 for $1.125 million.

She also owns a unit in Alexandra Headland and a house in Minyama, which she bought with her former husband Grant Kenny.

source: www.news.com.au

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The southeast Queensland suburbs where vendors are discounting their sale prices

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The southeast Queensland suburbs where vendors are discounting their sale prices

The southeast Queensland suburbs where vendors are discounting their sale price by the largest percentages have been revealed.

New data analysis by Domain looked at the average rate of vendor discounting on properties in suburbs throughout Brisbane, the Gold Coast and the Sunshine Coast over the six months to March this year and found some areas were discounting by as much as 12 per cent.

Houses at Carindale, Clontarf, Redcliffe and Rochedale South topped out the list of Greater Brisbane suburbs with the highest percentage of vendors discounting their asking price, while Chermside, New Farm, Redcliffe and South Brisbane had the highest rate of discounting for units.

On the Gold Coast, houses at Broadbeach Waters and Hope Island both recorded double-digit average vendor discounting, while units at Main Beach and Southport had the highest rate of discounting.

The southeast Queensland suburbs where vendors are discounting their sale prices 2

Maroochydore and Tewantin headed up the Sunshine Coast houses that were being the discounted by the highest percentage.

Domain economist Trent Wiltshire said the rate of discounting was another market indicator that could help assess conditions in certain suburbs.

The data was compiled using a minimum of 30 observations and did not include properties that sold via auction or without a listed price.

“This can be a bit more timely than price data,” he said. “But it is only an average figure and, while the average or median is the simplest way to look at a suburb, it doesn’t tell the full story.”

Will Torres of Torres Property said overall the housing market in Carindale was performing well but that the average discounting rate was likely brought down by a specific price point.

The southeast Queensland suburbs where vendors are discounting their sale prices 1

Carindale’s median house price is $879,750, a rise of 1.1 per cent over the year to March.

“I’d say the market that is being affected at the moment is that mid-$1 million price range,” he said.

“Rewind to six months ago I was selling houses in this price range in three weeks — now I’m struggling to get numbers in the door. That’s where the discounting will be, around that $1.5 million range and that’s why the Carindale percentage is that high.

“Anything under that price point is still performing really well and selling well. Days on market have stretched but the buyers and the demand is overall still there.”

Broadbeach Waters recorded the highest rate of vendor discounting, by up to 12 per cent. Jordan Williams of JW Prestige said that figure had likely been increased by houses in the $2 million to $3 million range, which were sometimes overpriced.

“If you’re 10 per cent over the odds you won’t get a result, you won’t get a deal — that’s why you’re seeing that average discount for Broadbeach Waters,” he said.

The southeast Queensland suburbs where vendors are discounting their sale prices 3

“So this figure doesn’t mean the market has dropped here, it means some properties were overpriced. I sold a house for $4.5 million where the owners originally were asking $4.7 million. That’s a massive discount.

“But it started out that high because the owners said they wanted to give it a go, test the waters. There’s a million different scenarios for why people discount their properties.”

At Hope Island, where the average vendor discount is 10.3 per cent, agent Warren Hickey is selling a four-bedroom, two-bathroom contemporary home on Virginia Avenue, which is listed for offers over $995,000 and advertised as a huge price reduction.

However, he said the listing was not representative of the local market.

“On average we’d sell a property a week in Hope Island. I would say if you look back at everything we’ve sold in the past few years, we’ve probably only advertised one as having a price reduction and this is it. It’s the exception,” he said.

On the Sunshine Coast, where Maroochydore recorded an average discount on houses of 7.5 per cent, local Century 21 agent Damien Said said a lot of the properties in higher demand were now auctioned.

The southeast Queensland suburbs where vendors are discounting their sale prices 4

“That needs to be noted — those properties are automatically excluded from the data,” he said.

“If anyone in Maroochydore is discounting, I’d say it’s more of a reflection of a few properties that came on the market with unrealistic expectations.

“Generally, we’re finding that when properties do come on the market, as long as the price is realistic, our days on market are reducing. The coast market is still quite active.”

Source: brisbaneinvestor.com.au

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The booming property hotspots which have defied the housing downturn – and it’s good news for homeowners living in Queensland

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The booming property hotspots which have defied the housing downturn - and it's good news for homeowners living in Queensland

Coastal and regional hotspots are bucking the housing market downturn with property prices at record highs. 

As the market in Sydney and Melbourne continues to weaken, it’s a different story in regions such as Hobart, Canberra and Queensland’s Gold and Sunshine coasts.

The regions dominate in the 11 suburbs across Australia identified as the most resilient areas, according to CoreLogic data.

New figures released this month revealed national housing values have plummeted 7.2 per cent, the largest annual fall since the 12 months ending February 2009 during the global financial crisis.

But Core Logic head of research Tim Lawless says homeowners in weak markets are unlocking significant equity, helping to boost prices in coastal areas.

‘Baby boomers are retiring, having gone through a number of property cycles and have the equity to fund a lifestyle purchase,’ he told The Australian.

‘The money goes further in these markets than in Sydney and Melbourne.’

So, where are Australia’s most resilient areas? 

The Sunshine Coast, Queensland

The latest figures are good news for those looking to sell on Queensland’s Sunshine Coast.

The median housing price in Sunshine Beach have soared 5.3 per cent in the last 12 months to almost $1.16million and up 26.6 per cent in the last five years.

The suburb was followed closely by Noosa Heads ($1.11 million) with a 2.9 per cent rise, where prices have jumped 29.5 per cent in five years.

In nearby Diddillibah-Rosemount, prices have jumped 16 per cent in the last five years to $747,812, 1.8 per cent rise in the last 12 months.

Renowned as a popular tourist mecca and for its laidback lifestyle, the Sunshine Coast is a growing region which attracts more than 3.2 million visitors a year and is Queensland’s third most populated area.

Further south of the Sunshine Coast, the median price in the Brisbane suburb of Windsor rose by 6.04 per cent to $902,000 while on the Gold Coast, the coastal suburb of Palm Beach now stands at $872,400, up 2.8 per cent and 42.8 per cent over five years.

The booming property hotspots which have defied the housing downturn - and it's good news for homeowners living in Queensland 1

Canberra 

Many parts of the nation’s capital are also bucking the downturn trend, according to CoreLogic.

Experts have hailed Canberra the strongest real estate economy out of all of the capital cities.

The median price in Garran has skyrocketed by 10.7 per cent to just over $1million in the last 12 months and 41.9 per cent over five years.

There were even higher rises in Lyons (14.1 per cent to $769,518) and Cook (17.4 per cent to $749,743).

A town not far from Canberra that also made the list was Yass in the NSW southern tablelands, where the median property price jumped by 4.8 per cent to $760,000, where prices have soared by a third within five years.

The booming property hotspots which have defied the housing downturn - and it's good news for homeowners living in Queensland 2

Hobart, Tasmania and West Beach, South Australia

2018 was a record year for real estate sales in the Apple Aisle, known for its relaxed lifestyle, affordability and cooler climate.

There were 11,400 property transactions worth a record $4 billion last year, according to Real Estate Institute of Tasmania data.

In Hobart, the average property price has risen 6.5 per cent to $809,300, a 39.3 per cent within five years.

Also in Australia’s southern states bucking the trend is Adelaide seaside suburb of West Beach, where the average price is now over $800,000 after a 4.4 per cent rise and 27.3 per cent change over five years. 

The booming property hotspots which have defied the housing downturn - and it's good news for homeowners living in Queensland 3

At the other end of the scale, 17 of the 20 biggest price drops for the year were in Sydney’s mid-priced suburbs such as Epping, where prices have plummeted by almost a third in the last 12 months, The Australian reported.

Mr Lawless said there are signs that the worst of the housing market conditions are now over.

‘Values are still broadly declining, however the pace of decline has moderated since December last year and there are some tentative signs that credit flows have improved, albeit from a low base,’ he said earlier this month.

‘The prospect for lower interest rates is another factor that could support an improvement in housing market activity later this year.’

The booming property hotspots which have defied the housing downturn - and it's good news for homeowners living in Queensland 4

Source: www.dailymail.co.uk

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Hot property: Dated dress circle Noosa home sells at auction

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Hot property Dated dress circle Noosa home sells at auction

A WATERFRONT home in need of an upgrade in one of Noosa’s most prestigious streets has sold under-the-hammer for $5.67m.

A WATERFRONT home in need of an upgrade in one of Noosa’s most prestigious streets has sold under-the-hammer for $5.67 million, with agents claiming the coastal hot spot is proving immune to the pre-election uncertainty plaguing the property market.

The four-bedroom house at 49 Witta Circle was sold at auction after a bidding war between four parties.

Hot property Dated dress circle Noosa home sells at auction 3

The result shows the Noosa prestige market is “rock solid”, according to marketing agent Eric Seetoo of Tom Offermann Real Estate.


“The … home was an oldie, but it occupies one of the most desirable locations on the waterfront near Hastings Street,” Mr Seetoo said.

Hot property Dated dress circle Noosa home sells at auction 1

“We found four bidders, three of whom were present, and another was on the phone from overseas, each with well over $5 million to spend.

“As you can imagine, I am busy finding properties for the underbidders.”

Hot property Dated dress circle Noosa home sells at auction 4

Agency principal Tom Offermann said he believed it was the highest Queensland house sale under-the-hammer so far in 2019.

“Witta Circle is one of those ‘can’t go wrong locations’,” Mr Offermann said.

Hot property Dated dress circle Noosa home sells at auction 5

“It’s on the water, picturesque, and an easy walk from Hastings Street and the beach.

“The capital growth has been over 15 per cent on average for the past 40 years — hard to beat.”

Hot property Dated dress circle Noosa home sells at auction 6

Mr Offermann said he was still finding demand strong, especially at the luxury end, where there was a critical shortage of stock.

Tom Offermann Real Estate recently sold a waterfront house at 55 Wyuna Drive, Noosaville, for $4.75 million and 27 Mossman Ct, Noosa Heads, for $5.75 million.

And an apartment in the La Mer complex on Hastings Street changed hands last month for a whopping $6.1 million.

Hot property Dated dress circle Noosa home sells at auction 1 7

“Property markets usually slow down during an election, but not this time in Noosa,” he said.

“The traditional slowdown isn’t apparent this time, with most clients adopting a wait and see attitude.

“Some are even predicting a post election rush into investment property before any negative gearing or capital gains tax changes are introduced.”

Adrian Reed of Reed & Co has just listed a five-bedroom, five-bathroom mansion at 54 Noosa Parade with a price guide in the late $7 million to early $8 million range.

Given the property’s location, river views and proximity to Hastings Street, Mr Reed is expecting it to be one of the most significant sales of the year.

Hot property Dated dress circle Noosa home sells at auction 2

Originally published as Dated Noosa home fetches big $

Source: www.news.com.au

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