Summer’s here and the surf’s up. What a wonderful time of the year seeing exuberant children, happy families and visitors from around Australia and all over the world enjoying beach therapy, as well as the many natural assets in our summer playground.
While the focus for many people is making plans for the festive season, some property owners have been preparing their residences and apartments for sale during a traditionally busy selling period, especially January.
While capital city real estate agencies mostly close for a month from Christmas, it is all hands-on deck for Noosa real estate principal Tom Offermann and his agents because there are so many potential buyers relaxing in town.
If there is one piece of advice above all the rest when it comes to putting a property on the market it is always plan well ahead.
The property needs to be perfect right from Day One of marketing. This can take months of decluttering and fixing those small maintenance things such as cleaning tiles, replacing light fittings, fixing doors or gates.
It’s not good enough to say: “It will be done by the first open house.’’
That may come at any time. Buyers can be anxious to get ahead of the competition.
A property should always be “ready’’ as first impressions certainly count.
Then when it does come to marketing the property the more time there is for photography and booking the best media positions, the better.
There have been some record-breaking sales recently, Tom Offermann said, including two on Noosa Sound’s Witta Circle and Noosa Parade of about $20m each – actual prices can be disclosed after they settle; another at 12 Noosa Parade at $27m; and a house in Little Cove’s Kareela Avenue for $10m.
Two one-bedroom apartments in Netanya Resort on Noosa Beach have exchanged for $5.5m a piece, which is around double the pre-Covid prices.
“Against this backdrop of eye-watering recent sales, there are growing concerns of sustainability after seven successive interest rate rises start to bite, with more forecast.
“Statistically median prices in all of Noosa Shire’s coastal suburbs peaked between February and April and have fallen around seven percent to 12 percent to about the level they were mid-2021.
“The optimists will see this as a short-term correction and a welcome buying opportunity, some won’t care too much because they are long term holders, while others will be concerned they may have missed the boat and will be thinking of selling.
“Currently, property listings are still in short supply, in fact compared to this time last year there are 30 percent less listings.
“The reason for the depleted listings is that a high volume of property has been selling quickly to buyers motivated during the Covid lockdowns; however, we are now seeing the tail of this effect coming through.
“This supply shortage has been masking the downturn which is more evident in capital cities.
“Regional market cycles typically lag the capital cities. Our conversations with owners indicate there will be a lot more properties coming onto the market in 2023.’’
Forecasting market cycles is tricky, Mr Offermann said, and it differs according to many factors such as property types, micro-markets, and personal situations.
“For this reason, it could be misleading to offer unilateral forecasts, so instead we prefer to provide candid guidance on a personal basis.
“Anyone who would like to discuss where your own property sits in the market, price-wise, also looking a little further ahead, please do not hesitate to ask.
“Advice will be well considered, freely given and without obligation.
“We have more than 20 agents, most of who have been at the property coalface for decades and really know what makes the unique and very special property market of Noosa tick.’’
SALES SNAPSHOT
10 Kareela Ave, Little Cove: $10m, 5bed, 3bath house;
49 Witta Circle, Noosa Sound
: Price undisclosed, Last listed at $20m-plus, Riverfront house 4bed, 3bath, 2car, pool, jetty
;
68 Noosa Parade, Noosa Sound:
Price undisclosed, Last listed at $21m,
Riverfront house 7bed, 4bath, 2car, pool, jetty;
4/18 Park Road, Little Cove:
$5.4m, Apartment 3bed, 2bath, 1car;
12 Noosa Parade, Noosa Sound:
$27m, Riverfront house 4bed, 3bath, 2car, pool, jetty;
10 Key Court, Noosa Sound
: $3.90m, Family home, 5bed, 3bath, 3car, pool;
2/4 Howard Street, Noosaville:
$3.2m,
Riverside apartment, 3bed, 2bath, 2car
;
HOT BUYS
369 Cooroy Mountain Road, Cooroy Mountain: $6.2m
, Four Mountain Estate, 8bed, 5bath, 15car, on 26ha
23 Dwyer Street, Sunshine Beach: $3.85m,
Striking new single-level house, 4bed, 2bath, 2car
;
289 Moorindil Street, Tewantin:
Epic estate on Noosa riverfront reserve
, 4bed, 5bath, 6car, pool, on 1.58ha
.
ELEGANT WATERFRONT HOME
A fresh listing on the highly sought-after Noosa Sound is an elegant waterfront house at 47 Mossman Ct.
For sale with Rebekah Offermann of Tom Offermann Real Estate at $23.9m, the elegant two-level house was designed and built by Paul Clout.
Offering five bedrooms, four bathrooms, two-car garaging and pool as well as pontoon jetty, the house comes with multiple living areas.
With clerestory-height ceilings and two-level glazing, the 572sq m house features a shimmering pool with bright blue mosaic tiles, a spa and ’floating’ day bed, plus a deck with shade trees.
The property has 20m of water frontage plus terraces on both levels.
It provides the opportunity to unwind and get lost in the moment of barefoot indulgence, Rebekah said, especially when the address is arguably one of the most sought-after in Noosa Heads.
Add natural assets such as Noosa National Park, the north-facing Noosa Main Beach and Hastings Street, and having your own beach on a pristine waterway.
FUNKY NOOSA APARTMENT
Life really is like a box of chocolates, full of wonderful surprises.
A prime example is the chic one-bedroom, one-bathroom, one-car apartment in L’Auberge, 4/34-38 Katharina St, Noosa Heads.
Marketed by Cameron Uruqhart at Tom Offermann Real Estate at $895,000, it’s fun, it’s funky and it’s at the heart of Noosa.
The boutique complex has a distinctive modernist design and features a swimming pool set among rock gardens.
Open the red cedar door and find living spaces with tumbled white limestone floors laid in a French pattern.
Slide away the doors to the massive terrace with garden, and a thatched Polynesian-style gazebo.
The designer kitchen cabinetry including the island bench, has white stone benchtops, a Tuscan ceramic-tiled splashback, butler-style sink plus high-end appliances.
The bedroom suite looks out to garden, has two built-in robes and a Moroccan-inspired bathroom with floor and wall tiles. The aged walnut vanity has a white basin and there is a large bath tub and walk-in shower.
