Contrary to the cooling weather, the Noosa property market is set to go from warm to hot.
This is with the Federal election behind us, and a second interest rate drop making borrowing more affordable.
Every interest rate down cycle since the 1980s was followed by substantial rises in real estate values, and Noosa real estate principal Tom Offermann is sure this one will not be an exception.
“It’s quite simple – buyers have the capacity to borrow more, and also the interest earned on money in the bank will decline, encouraging some investors to shift their cash into real estate.”
There was pertinent evidence in the latest auction results with numerous properties sold prior.
Tom Offermann Real Estate marketing agent Eliza Coppin was ecstatic with the outcome of waterfront townhouse 8 Driftwood, 9 Barbados Cres, Noosaville. It attracted enormous interest during the campaign, three registered bidders and a large crowd on auction day.
It was sold under the hammer for $4m to a Brisbane couple who spent many holidays there whilst growing up. It was a new sale record for the Driftwood.
CAPE COD-STYLE HOME MUCH ADMIRED
Tom Offermann Real Estate marketing agent Rebekah Offermann’s listing of 4 Ernest St, Tewantin, enjoyed a really positive and busy campaign.
“The home was much adored and attracted serious buyer interest from near and far,’’ Rebekah said.
“Many people remembered the home when it was purchased five years ago – the renovations and how they had managed to uphold the Cape Cod-style charm with the addition of luxuriously renovated bathrooms, kitchen and numerous refreshing appointments.
A buyer who loved the home so much decided it had to be theirs, prior to auction.
Rebekah continued on a winning streak with another sale prior to the auction – that of 2/19 Ann St, Noosaville.
It was billed as a sure-fire, one-of-a kind investment opportunity – a free-standing, three-bedroom townhome with a pool, set in a private enclave of just two, located in the cosmopolitan heart of Noosaville.
Dreams did come true for the excited buyers who look forward to walking with their surf skis down to the Noosa River.
There was strong but swift bidding at 16 Noosa Pacific Riverfront Resort, 24 Munna Cres, Noosaville, with Rebekah Offermann.
The two-bedroom, two-bathroom riverfront townhome sold for $2.525m and the successful interstate buyer is looking forward to warm winters in their sunny north position.
A small crowd of long-standing and happy Noosa Pacific property owners – one of them has owned in the building since 1987 – were in attendance, along with a few warming up for the next day’s marathon.
LAST LOT OF LAND
The last remaining vacant allotment in the coveted, quiet Sunrise Beach cul-de-sac of Captains Ct was listed by Tom Offermann Real Estate’s Cameron Urquhart.
With coastal and ocean views, and mere minutes via a reserve and pathway to the sand and popular surf breaks., the 750sq m block at No.6 attracted two registered bidders.
And there was applause aplenty from the crowd when it sold under the hammer for $1.8m to an excited young family.
RECORD PRICE IN PEPPERS
Further success at Peppers Resort for Tom Offermann Real Estate marketing agent Chris Miller with 7404/5 Morwong Dve, Noosa Heads, sold at auction $915,000.
The sale price yet again sets a new price record for one-bedroom apartments in the complex.
The Brisbane-based buyers, who were taken by the top-floor position and the private rainforest outlook, are naturally thrilled.
And there’s no holding back Chris back with another sale, this time prior to the auction of 21 Coco Bay Resort, 287-291 Weyba Rd, Noosaville.
“The property went under contract after multiple offers were put forward by eager and quick-acting prospective buyers,” comments Chris.
“This competition is a reflection of the strong demand for well-located property which offers both a great lifestyle opportunity as well as a strong performing investment.
“The campaign saw strong engagement from local and Brisbane-based buyers, in search of a Noosa getaway within a comfortable drive of home – especially one a few mins from the river foreshore and great restaurants.”
ONE FOR THE BOOKS
It was an excellent outcome at Cooroy when Hinternoosa agents Jeanette Catalano and Ruth Venning took a charming three-bedroom house and pool to auction.
The 4047sq m property at 14 Pear Tree Lane saw good numbers from the start of the three and a half weeks before auction day, Jeanette said.
“There were a lot of people through the doors.
“It was a text book auction campaign from the outset.
“The property appealed to many different demographics.’’
There were four registered bidders on the day – local and from the wider Sunshine Coast.
They all loved the area, Jeanette said. Yet as can often happen there were some intending to bid who were not in a position to make an unconditional offer on the day.
From a $900,000 start, 15 bids later the property sold under the hammer for $1.3m.
Being a midweek auction, the Hinternoosa team was there in full support.
“Holding these weekday auctions for the past 10 years has shown consistent results,’’ Jeanette said.
“The Hinternoosa office has averaged greater success than the state in this regard.
“Auctions may not suit every property. You need to pick and choose those that will benefit from the marketing process.
“In this case it was a matter of three and a half weeks and it was done.
“The sun was shining … everyone was happy.’’
A young couple from the Noosa hinterland were successful on the day and intend to invest now with the potential of the medium density zoning.
Jeanette now has another quirky property on the market at offers over $899,000.
The two-bedroom cottage on 1012sq m at 36 Kauri St, Cooroy, has a zoning of medium density.
The beautifully maintained timber workers’ cottage is set amongst lush gardens and offers beautiful indoor-outdoor living with French doors opening onto covered verandahs.
Inside, the air-conditioned lounge and dining areas showcase rich timber floors, VJ walls, high ceilings, and classic windows.
The kitchen retains its original appeal with electric cooking and a mobile island addition, while the updated bathroom includes a new vanity.
Decorative and space-saving barn doors add a lovely touch.
BRING OUT THE BEACHCOMBER
In a tightly-held precinct with easy access to the beach, a four-bedroom house with pool at Castaways Beach has been attracting interest ahead of auction on Saturday, 7 June.
Erica Newton at Tom Offermann Real Estate is taking the two-level house to the market at 4pm on the day.
“We’ve had really good turnouts both midweek and of a Saturday,’’ Erica said. “Local interests as well as Brisbane and the Gold Coast.
“They have mostly been Queensland so far.
“Castaways is tightly held and popular with locals who are looking to move within the coastal area.
“They understand what the location as well as the community offers.
“There are nature tracks to the beach and the house is two doors to a neighbourhood park. From there you follow the nature trail to the underpass and the beach.’’
With a good floorpan, it is ideal for a family home, Erica said.
“You can be in the kitchen and still keep an eye on those in the pool – and you have that flow from the living areas to the outdoor entertaining.
“Upstairs, there is the parents retreat with its own balcony and views to the hinterland. Sit there at sunset and still see the pool.’’
The parents retreat has a divine ensuite that comes complete with free-standing bath, twin vanities and an oversized shower.
Throughout the lower level is extensive open-plan living, with a chef’s kitchen. Two sets of sliding doors open to a private pool and terrace area.
A property with a two-car garage plus a further two-car parking is hard to find in this strip of Noosa’s eastern beaches.
Being able to utilise these areas opens options for a gym or work-from-home situation.
There are lots of options to do something with the extra space, Erica said.
This property offers privacy and a quiet life in a respected residential community.
SATURDAY, 7 June
Castaways Beach
36 Driftwood Dve: 4bed, 2bath, 4car house, pool, on 651st m, 4pm, Erica Newton 0410 603 519 Tom Offermann Real Estate
Noosaville
17 Wyuna Dve: 4bed, 2bath, 2car house, pool, 2pm, Jesse Stowers 0414 367 282 Tom Offermann Real Estate
Tewantin
8/159 Moorindil St: 3bed, 2bath, 1car villa, in-rooms auction 1pm Laguna Real Estate Tewantin, Roger Omdahl 0412 043 880 Laguna Real Estate.
