As winter temperatures descend in the southern states, visitors flock to the sub-tropical climes to escape.
Some have been making annual visits for decades, often staying for months, while many buyers at this time of year show a keen interest in properties offering a north-facing aspect to capitalise on the abundant sunshine.
An excellent example of this trend is the recent off-market transaction of an apartment in Fairshore at 41 Hastings Street.
Tom Offermann Real Estate agent Jesse Stowers successfully sold the apartment for $6.6m.
With its ideal north-facing positioning, residents enjoy the sunshine while languishing on deck chairs on their terrace.
Furthermore, the convenience of being only three steps away from the front gate to stunning Noosa Main Beach made this apartment irresistible.
“Buyers in the current market continue to face limited options as available properties remain scarce,” agency principal Tom Offermann said.
“As we potentially approach the peak of the interest rate cycle, the supply of properties for sale may become even more restricted.
“For the purchasers of the Fairshore apartment, this transaction concludes a significant wait, having missed out on a similar property we sold for over $7m over a year ago.
“The recently renovated 92sq m apartment, offering two bedrooms and two bathrooms, is the first apartment available since the previous sale in the complex in November 2019 at $3.625m.
“The value has increased by an impressive 80 percent between sales, amounting to a remarkable $71,000 per square metre, a figure that holds up even on an international scale.
“As we know, they’re not producing complexes like this in prime locations, thus making investments in these areas highly sought after for their long-term growth potential.
“The buyer, already familiar with the Noosa Heads’ market, has expanded their existing portfolio. Moreover, with a rental return of approximately $200,000 net pa, the apartment also boasts an exceptionally high rental yield per square metre.
“While there have been some median price falls in certain areas of the Noosa area, the remarkable post-COVID value growth has created some imbalances that are currently being corrected.
“As the market gears up, it is crucial for intending sellers to start preparing and capitalise on the current market conditions. The already limited supply of properties is expected to fuel a vibrant selling season.’’
EXCEPTIONAL LAKEFRONT PROPERTY
Picture an exclusive gated peninsular estate, morphing across 19ha, almost surrounded by the pristine 2.5kms foreshore of Lake Macdonald with its priceless treasure trove of wildlife.
Experience the absolute exhilaration and majesty of a classic Queenslander, aptly named Barellan – meaning Meeting of the Waters.
The property at 116 Hayward Rd, Lake MacDonald, is 15 minutes to sophisticated Hastings Street and Noosa Main Beach.
Every once in a while, a property takes your breath away. Barellan is one of those moments. Price $17m.
Recent sales:
36 Lorikeet Dve, Peregian Beach
: 5 Bed 4 Bath 2 Car House
. Purchased $7.25m
;
8 Yallara Ct, Noosa Heads:
4 Bed 2 Bath 2 Car House
. Purchased $2.45m;
67 Orient Dve, Sunrise Beach:
4 Bed 3 Bath 2 Car House
. Purchased $3.85m;
1/6 Angler St, Noosa Heads:
3 Bed 2 Bath 2 Car Duplex
. Purchased $3.25m;
357 Duke Rd, Doonan
: 4 Bed 3 Bath 14 Car House
. Purchased $6.8m;
27/41 Hastings St, Noosa Heads
2 Bed 2 Bath 1 Car Apartment.
Purchased $6.6m.
AUCTION ACTION ON DUKE ROAD
David Berns of David Berns Real Estate has an impressive three-from-three auction record for high-end properties after last Saturday’s event at 306 Duke Rd, Doonan.
The established four-bedroom brick house on 2.9ha offered dam and two-bay shed.
It attracted three registered bidders – two on the ground and one by phone.
Bidding opened at $2.1m, it was called on the market at $2.6m and sold to local interests for $2.725m.
The property offered position and potential, David said, with existing coastal views but the possibility to improve those.
Meanwhile David reports good numbers through the four-bedroom, three-bathroom house on 1.33ha at 2 Whyandra Close
Doonan.
Listed at offers over $1.795m, the two-level Queenslander-inspired home is set high and positioned in the middle of the property that features lush gardens and dam.
HIGH, WIDE AND HANDSOME
It’s one of the best streets in Peregian beach. And the five-bedroom, two-bathroom house with pool at 50 Pelican St is in an elevated position to catch the ocean and hinterland views.
Tracy Russell at Tom Offermann Real Estate takes the property to auction Saturday, 19 August, at 10am.
On 923sq m with hidden walkways to the foreshore and to the village, the property has the potential for holiday income, Tracy said.
A character home with timber accents, it is still as fresh in today’s market as when it was built. The three-level residence, aptly named The Peak, has park-like gardens, a cubby house and sand pit.
A MATTER OF POSITION
It’s a great spot, with extended water views and in a Noosa Waters location with good accessibility to either Noosa Heads or Noosaville.
The three-bedroom, two-bathroom, two-car waterfront house with pool, jetty, at 16 Neptune Cct goes to auction Saturday, 19 August, at 9am.
Nathan Howie of Noosa Estate Agents said there has been a lot of interest in the property, particularly from locals who understand the value.
About a 2000 build, and the original owner, it is in one of the most tightly held residential pockets yet within a level walk to the Noosaville Shopping Village and the Noosa River café precinct.
SOUGHT-AFTER WATERFRONT LOCATION
With a northerly riverfront aspect, it’s little wonder that Luke Chen of Tom Offermann Real Estate is getting a good response to the two-bedroom, two-bathroom apartment 12/6 Quamby Pl, Noosa Heads, that goes to auction Saturday, 26 August.
Most interest so far has been from southern states and New Zealand, enjoying the sun.
On the ground floor and towards the Hastings St end of the Noosa Harbour Resort, it enjoys front-row seats as there are only 10 two-bedroom apartments in resort in which you can walk straight out of the lounge and into the water.
Fully furnished, the apartment is three steps from car park.
Sets of slide-away white shutters and glass doors open to the private north-facing undercover terrace.
Lawn, dotted with exotic foxtail palms extends to the tidal beach and long jetty/pontoon.
The kitchen has light cream stone-topped timber and glass cabinetry including a semi-island breakfast bar and stools.
Two pretty-in-blue and white bedrooms have plantation shutters, mocha-toned carpet and built-in robes.
The main bedroom has a television and an ensuite; the second bedroom is a twin; the bathroom includes a stone-topped vanity; the nearby laundry has a washer, dryer and sink; and there’s plenty of extra storage.
AUCTION ACTION
SATURDAY, 19 August
Eumundi
109 Don Napier Rd: Three dwellings offering 5bed, 3bath, 3car on 55.62acres, fenced, river frontage, 2pm, Heidi Woodman 0419 818 418 David Berns Real Estate
Noosa Heads
2/3 Morwong Dve: 3bed, 3bath, 2car apartment, 12pm, Julie Bengtsson 0418 980 247 Tom Offermann Real Estate
1/41 Noosa Pde: 4bed, 4bath, 2car duplex apartment with pool, 1pm, Roark Walsh 0437 447 804 Tom Offermann Real Estate
Noosa Waters
16 Neptune Cct: 3bed, 2bath, 2car house, pool, 9am, Nathan Howie 0414 424 333 Noosa Estate Agents
Peregian Beach
50 Pelican St: 4bed, 2bath, 2car house with pool, 10am, Tracy Russell 0413 319 879 Tom Offermann Real Estate
WEDNESDAY, 23 August
Noosa Waters
19 Waterside Ct: 5bed, 4bath, 2car, waterfront house, jetty, pool, 12pm, Adrian Reed 0409 446 955 Taylor Clout 0419 676 554 Reed & Co.
