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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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Top home sales: Big spender Clive Palmer spends $22m on property

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Top home sales Big spender Clive Palmer spends $22m on property

THEY’RE jawdropping, dripping in luxurious features and have sold for more money than most people can dream of. These are the most expensive homes of 2018 across the state.

THEY’RE jawdropping, dripping in luxurious features and have sold for more money than most people can dream of.

The top home sales on the record for 2018 in Queensland have been revealed and one buyer stands out from the crowd.

Former federal politician and billionaire businessman Clive Palmer splurged more than $22 million on property across the state last year, including a beachfront mansion on the Gold Coast, a riverfront Brisbane estate and a unit in Townsville.

Big spender Clive Palmer spends $22m on property

 

Players at the prestige end of Brisbane’s property market are hailing 2018 as one of the best in years, with demand from interstate migrants fuelling more sales above the $4 million mark.

The biggest reported sale in Queensland in 2018 was an absolute beachfront estate in idyllic Sunshine Beach for a staggering $18 million.

The sale of the seven-bedroom, eight-bathroom property set a new record for the entire Sunshine Coast region when it was sold by IT entrepreneur Daniel Wallis.

Just streets away, also in Sunshine Beach, former tennis star Pat Rafter’s beachfront home at 46 Seaview Terrace sold for $15.2 million to Betty’s Burger founder David Hales.

Big spender Clive Palmer spends $22m

 

On the Gold Coast, the biggest sale was in the so-called “millionaire’s row” of Hedges Avenue.

Mr Palmer forked out a cool $12 million for a beachfront mansion with five bedrooms, a gym, a wine cellar, a lift and a lap pool at 9 Hedges Avenue.

Top Home Sale Clive Palmer spends

 

He also splashed his cash on the Brisbane home of the founder of the collapsed Linc Energy, Peter Bond — paying $7.5 million for the riverfront estate at 36 Needham St, Fig Tree Pocket.

But the biggest home sale of 2018 in the Queensland capital was a riverfront home in Hawthorne with a tennis court, two swimming pools, a putting green and a private jetty.

spender Clive Palmer spends $22m

 

The luxurious property at 106 Virginia Avenue was owned by energy executive Shaun Scott and fetched more than $11 million.

That was closely followed by the sale of the Ascot home of Domino’s Pizza boss Don Meij for $11 million.

Top Home Sales

 

In Rockhampton, a 132-year-old home fetched $1.37 million, while in Cairns, an award-winning five-bedroom house on the harbour sold for $2.65 million.

While not publicly recorded, there were a number of offmarket sales that would have made the list, including disgraced businessman Christopher Skase’s lavish Hamilton mansion at 36 Dickson Tce, which sold for $10.138 million.

Big spender spends $22m Top Home sale

 

Motivated by Brisbane’s growth and sales of other homes in the area, Brisbane couple Drew and Tabea Haupt have decided to sell their New Farm home.

They bought the property at 64 Annie Street when they noticed it was for sale with development approval for a unit block.

“The for sale sign came up and my wife and I, and brother who we’re in business with, said let’s buy this and build two large family homes to keep in with the charm of New Farm,” Mr Haupt said.

“We hated the idea of having more units in the suburb, so we designed the house with family living in mind.”

The property, which is being marketed by Henry Hodge and Kosta Porfyriou of McGrath Estate Agents, is expected to attract offers in the early to mid $3 million range.

“If you compare it to Sydney and Melbourne, the proximity to the city, there’s no traffic — it’s such an amazing offering to have,” Mr Haupt said.

“It’s not until you travel around and see other cities that you realise how lucky we are to be able to have a big house, yard and pool so close to the city.

“I think New Farm is still undervalued signficantly …the change happening right now in Brisbane I beleive is a once in a lifetime, with likes of Howard Smith Wharves, Queens Wharf and the billions being spent on infrastructure.”

From Townsville to Toowoomba and Brisbane to Bundaberg, here are the biggest home sales of 2018:

TOP 20 RESIDENTIAL SALES OF 2018 IN BRISBANE

Address Sale price

1. 106 Virginia Ave, Hawthorne $11.129m

2. 27 Sutherland Ave, Ascot $11m

3. 33 Maxwell St, New Farm $8.5m

4. 36 Needham St, Fig Tree Pocket $7.5m

5. 1A Eldernell Tce, Hamilton $7.25m

6. 150 Adelaide Street East, Clayfield $7m

7. 5/81 Moray St, New Farm $6.5m

8. 8 Sentinel Court, Cleveland $5.25m

9. 17 Ningana St, Fig Tree Pocket $5.1m

10. 19 Lawes St, Hamilton $5m

11. 127 Laurel Ave, Chelmer $5m

12. 16 Scott St, Hawthorne $4.875m

13. 27 Sutton St, Chelmer $4.83m

14. 3501/140 Alice St, Brisbane City $4.5m

15. 58 Retreat St, Bridgeman Downs $4.42m

16. 32 Teneriffe Dr, Teneriffe $4.405m

17. 100 Oriel Rd, Clayfield $4.35m

18. 34 Satinwood Ct, Bardon $4.275m

19. 24 Ascot St, Ascot $4.25m

20. 405 Brisbane Corso, Yeronga $4.2m

(Source: CoreLogic)

$22m spends by Clive Palmer

 

TOP 20 SALES OF 2018 ON THE SUNSHINE COAST

Address Sale price

1. 21-23 Webb Rd, Sunshine Beach $18m

2. 46 Seaview Tce, Sunshine Beach $15.2m

3. 2 Belmore Tce, Sunshine Beach $14m

4. 5 Allambi Rise, Noosa Heads $11.2m

5. 11/37 Hastings St, Noosa Heads $7.2m

6. 17 The Esplanade, Sunshine Beach $6.25m

7. 4/63 River Esplanade, Mooloolaba $5.85m

8. 3/63 River Esplanade, Mooloolaba $5.58m

9. 52 Mossman Court, Noosa Heads $5.2m

10. 36 Seaview Tce, Sunshine Beach $5.2m

11. 29 Mooloolah Island, Minyama $5.15m

12. 1 Natasha Ave, Noosa Heads $5m

13. 15 Webb Rd, Sunshine Beach $5m

14. 42 Seaview Tce, Sunshine Beach $5m

15. 39 Wyuna Dr, Noosaville $4.85m

16. 15 Minyama Island, Minyama $4.6m

17. 63 Witta Circle, Noosa Heads $4.45m

18. 1001/87 Mooloolaba Esp, Mooloolaba $4.4m

19. 17/4 Quamby Plc, Noosa Heads $4.3m

20. 430 Sunrise Rd, Tinbeerwah $4.25m

(Source: CoreLogic)

Top Home Sale Property

This mansion at 21-23 Webb Rd, Sunshine Beach, sold for the highest price in Queensland in 2018.Source:Supplied

TOP 20 SALES OF 2018 ON THE GOLD COAST

Address Sale price

1. 9 Hedges Ave, Mermaid Beach $12m

2. 105 Hedges Ave, Mermaid Beach $11.6m

3. 3250/23 Ferny Ave, Surfers Paradise $9.5m

4. 8 Marseille Court, Bundall $9m

5. 31 The Corso, Surfers Paradise $8.8m

6. 2230 Arnold Palmer Dr, Hope Island $6.5m

7. 7001/4 The Esplanade, Surfers Paradise $6.5m

8. 2 First Ave, Broadbeach $6m

9. 57 Woodgees St, Currumbin $5.6m

10. 6/3533 Main Beach Pde, Main Beach $5.6m

11. 504 The Esplanade, Palm Beach $5.5m

12. 4/3565 Main Beach Pde, Main Beach $5.5m

13. 46 Knightsbridge Pde East, Paradise Pt $5.4m

14. 31 Buccaneer Ct, Surfers Paradise $5.3m

15. 150/59 Pacific St, Main Beach $5.3m

16. 16 Westminster Ct, Paradise Point $5.28m

17. 7 Knightsbridge Pde West, Paradise Pt $5.275m

18. 702/252 Hedges Ave, Mermaid Beach $5.25m

19. 50 Admiralty Dr, Surfers Paradise $5.2m

20. 2623 Virginia Dr, Hope Island $5.05m

(Source: CoreLogic)

Palmer Spends $22m in a property

TOP 10 SALES OF 2018 IN TOOWOOMBA

Address Sale price

1. 11 Old Toll Bar Rd, East Toowoomba $2.95m

2. 7 Bridge St, Mount Lofty $2.9m

3. 1 Mayes St, East Toowoomba $1.9m

4. 11 Bridge St, Mount Lofty $1.8m

5. 41 Campbell St, East Toowoomba $1.55m

6. 92 Campbell St, East Toowoomba $1.45m

7. 10 Spring St, Middle Ridge $1.35m

8. 2 Sinclair St, East Toowoomba $1.335m

9. 43 Curtis St, East Toowoomba $1.302m

10. 30 East St, Redwood $1.25m

(Source: CoreLogic)

Top sale home

 

The sale of this house at 11 Old Toll Bar Rd, East Toowoomba, was the biggest in Toowoomba in 2018.Source:Supplied

TOP 10 SALES OF 2018 IN CAIRNS

Address Sale price

1. 22 Brindabella Quay, Trinity Park $2.65m

2. 6 Kingfisher Close, Earlville $2.35m

3. 1402/141 Abbott St, Cairns City $2.35m

4. 7 Fig Tree Dr, Caravonica $2.1m

5. 70 Falcon St, Bayview Heights $1.8m

6. 81 Harbour Dr, Trinity Park $1.55m

7. 26 Brindabella Quay, Trinity Park $1.53m

8. 52 Kewarra St, Kewarra Beach $1.525m

9. 237 Taripla Plc, Trinity Beach $1.5m

10. 11 Marina Quay, Trinity Park $1.5m

(Source: CoreLogic)

Top Home Sale sold by CLive Palmer for $22m

This house at 22-24 Brindabella Quay, Trinity Park, was the biggest sale in Cairns in 2018.Source:Supplied

TOP 10 SALES OF 2018 IN TOWNSVILLE

Address Sale price

1. 9/88 Mitchell St, North Ward $2.7m

2$2,400,000Feb-18House5ARUNDELCOURTCASTLE HILL

3$2,000,000Jan-18House3THE POINTCASTLE HILL

4$1,900,000Mar-18House26CLEVELANDTERRACETOWNSVILLE CITY

5$1,750,000May-18House5FRYERSTREETNORTH WARD

6$1,450,000Aug-18House21BALMORALDRIVECASTLE HILL

7$1,400,000Apr-18House19THE COVENELLY BAY

8$1,350,000Feb-18House30YARRAWONGADRIVECASTLE HILL

9$1,200,000Sep-18Unit121CLEVELANDTERRACENORTH WARD

10$1,160,000May-18Unit114BALMORALDRIVECASTLE HILL

(Source: CoreLogic)

Property Top Sale

TOP 5 SALES OF 2018 IN MACKAY

Address Sale price

1. 49 Logan Cres, Erakala $1.4m

2$1,310,000Mar-18House58PALM RIDGEDRIVERICHMOND

3$1,200,000Aug-18House54ADMIRALDRIVEDOLPHIN HEADS

4$1,200,000Aug-18House22IAN WOODDRIVEDOLPHIN HEADS

5$1,089,000Aug-18House43MANGOAVENUEEIMEO

(Source: CoreLogic)

$22m spend by Clive Palmer for a top sale home property

This house at 49 Logan Cres, Erakala, was the most expensive home sold in Mackay in 2018.Source:Supplied

TOP 5 SALES OF 2018 IN ROCKHAMPTON

Address Sale price

1. 3 Athelstane St, The Range $1.37m

2$940,000Apr-18House5AATHELSTANESTREETTHE RANGE

3$870,000Oct-18House58SNEDDONROADLIMESTONE CREEK

4$865,000Mar-18House69BOONGARYROADGRACEMERE

5$860,000Feb-18House92ALBERTSTREETTHE RANGE

(Source: CoreLogic)

TOP 5 SALES OF 2018 IN GLADSTONE

Address Sale price

1. 13 Gibbons Ct, Agnes Water $1.125m

2$840,000Aug-18H11ORTONCOURTSEVENTEEN SEVENTY

3$800,000Jun-18H584CAPTAIN COOKDRIVESEVENTEEN SEVENTY

4$785,000May-18H7MALLARDCOURTSOUTH GLADSTONE

5$765,000Aug-18H543HADDOCKDRIVEO’CONNELL

(Source: CoreLogic)

$22m Top Sale Property

 

The sale of this property at 13 Gibbons Ct, Agnes Water, was the biggest sale in the Gladstone region in 2018.Source:Supplied

TOP 5 SALES OF 2018 IN BUNDABERG

Address Sale price

1. 24 Miller St, Bargara $1.45m

2$1,200,000Feb-18Unit513ESPLANADEBARGARA

3$1,000,000Jun-18House30THEODOLITE CREEKDRIVEWOODGATE

4$965,000Mar-18Unit50247ESPLANADEBARGARA

5$900,000Feb-18House193WOONGARRA SCENICDRIVEBARGARA

(Source: CoreLogic)

Cliver Palmer Spends on Top Sale Home Property

TOP 5 SALES OF 2018 IN FRASER COAST

Address Sale price

1. 17/558 Charlton Esp, Urangan $1.29m

2. 389 Oregan Creek Rd, Toogoom $1.25m

3. 107 Esplanade, Point Vernon $1.035m

4. 511/569 Charlton Esp, Urangan $950,000

5. 22 Neisler Ct, Kawungun $930,000

(Source: CoreLogic)

Property worth $22m spends by Clive Palmer

Originally published as Big spender Clive tops home sales

 

Source: brisbaneinvestor.com.au

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Noosa property market: Its spectacular rise to the top of Australia’s best performing suburbs

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Australia’s best performing suburbs

Noosa has cemented its status as one of the nation’s most sought-after property markets, with new data revealing its apartments had the third-highest rate of capital growth of anywhere in Australia last year.

The median unit price in Noosa Heads skyrocketed 30.1 per cent to $745,000 in 2018, placing it third out of the 2522 suburb medians calculated in the latest Domain House Price Report.

The median house price in Noosa Heads grew by a massive 17.2 per cent, while neighbouring Sunshine Beach, which shares the Noosa Heads postcode, increased by 18.7 per cent.

The median price for a house in Noosa Heads is now $1.125 million, while Sunshine Beach is at $1.395 million.

In the context of Sydney and Melbourne’s declining property markets, Noosa and Sunshine Beach’s performances were particularly exceptional, local agent Tom Offermann said.

 

op of Australia’s best performing suburbs

“Noosa’s market has matured. It’s grown from being a speculative market 10 to 15 years ago, to a lifestyle market where property here is an integral part of people’s lives,” he said.

“It’s much more sustainable. If there are tough economic times people are less inclined to sell because their property has become that place where their families come together. It sounds dreamy but it’s the case.”

Mr Offermann said it was now common in Noosa for properties to stay in one family for generations.

“Many of our high-end properties, the owners won’t sell them. The common response is that the ‘family would kill us if we sold it’. It’s their reserved spot at Noosa and it’s special.”

One of Mr Offermann’s most significant sales in the lead-up to Christmas was at Le Mer on Hastings Street — an apartment building that has been tightly held and highly sought-after as one of Australia’s premier beachfront locations since it was built over 30 years ago.

spectacular rise to the top of Australia’s best performing suburbs

The three-bedroom, two-bathroom unit at No.5 sold within two weeks of being listed.

“There are still owners there who have been there since the beginning. I recall selling these apartments for $225,000 — now they’re in the $6 to $7 million range,” he said.

Mr Offermann said from a finance perspective, holding properties in the area made sense.

“On the Gold Coast, you can create real estate by selling air, with high-rise buildings. There’s no limit,” he said.

“Whereas we have the population cap and all the town planning policies, so what we’ve got is what we’ve got. Property here is finite.”

Australia's Top Performing Suburbs

Last year got off to a particularly heady start in Noosa, with its first residential sale over $10 million. There was also Pat Rafter’s beachfront mansion that sold for $15.2 million, followed two weeks later by the $18 million Sunshine Beach trophy home that set a new record for the Sunshine Coast.

The house at 21-23 Webb Road — a seven-bedroom, eight-bathroom beachfront estate — was one of the biggest real estate deals in Queensland in recent years.

Just days before Christmas, Mr Offermann settled the off-market sale of a new house on Noosa Hill overlooking Laguna Bay for over $10 million.

Australia's Market Top Suburbs

He said that momentum then carried over into January, and described the start to 2019 as “phenomenal”.

“We had $30 million in sales in two weeks,” he said.

“It’s been an explosive start to the year and, while January is often a good month for us, this year has been even stronger than previous Januarys.”

David Conolly of Century 21 Conolly Hay Group said Sunshine Beach had grown substantially in popularity with home owners due to its unique and prestigious location.

“Sunshine Beach is an east-facing surf beach, it’s got a village atmosphere, it’s so close to Noosa yet it’s still got a little bit of distance from the holiday situation of Hastings Street,” he said.

Australia's Best Suburbs

“Really, from Sunshine Beach all the way through to Peregian, demand has been so strong … it’s an area where people want to live rather than holiday.”

Mr Conolly said the likely reason why Noosa and Sunshine Beach’s median house prices were so high was the number of trophy homes sold last year, while overall demand in these areas had gone to a new level in recent years.

“They’ve been fantastic markets the last couple of years, there’s no doubt about it,” he said.

“Noosa has become a hub for people educating their children with lots of fantastic schools and people are living and working here for the lifestyle.”

 

Source: www.domain.com.au

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Queensland Attracts UK Property Seekers

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Queensland Attracts UK Property Seekers

Research by realestate.com.au showed that searches for property in Queensland climbed by nearly a third in December compared to the same period in the previous year. This was driven largely by British people who are flocking to one of the most populous states in the country, according to a report by news.com.au.

The study found that property searches originating from the UK increased 31%, with the Sunshine Coast suburbs of Noosa Heads, Buderim and Mooloolaba as popular picks among potential buyers.

New Farm, Redcliffe and North Lakes, meanwhile, topped the list of the most in-demand suburbs in Brisbane.

Nerida Conisbee, Realestate.com.au chief economist, said Queensland, specifically its beachside properties, held the top spot in terms of total search activity among UK property seekers.

“The Hemsworth impact seems to be impacting the view of Byron Bay with this the most searched by UK property seekers in December 2018 — the number tripling from December 2017,” she said.

Universal Buyers Agents Director Darren Piper said that the chaos surrounding Brexit in Britain was enticing overseas buyers to explore the Australian property market.

“House prices in London have fallen for the fifth quarter in a row. It’s natural for investors to look for safe havens in times of uncertainty,” he said.

Australia’s property market has consistently grown over the past decade, with homes in Sydney, Brisbane and Melbourne reaching record prices.

“It’s the perfect time for people to get their foot in the door and it’s a great time as a homeowner to explore your options, maybe make a move or stay the course,” said Piper.

 

Source: brisbaneinvestor.com.au

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