Noosa is one of Queensland’s most desirable places to own property and with finite real estate stock, the region continues to experience high demand for homes and investment properties.
Kirstie Klein-Hunter of Klein Hunter Property Buyers predicts next year will see some areas rise in popularity, greater density in the tourism precincts, savvy buyers discovering the Hinterland, more Kiwi investors and a slowing of interstate migration.
“While the Noosa region is a relatively small area, there is a lot going on within each suburb and each part of the region tells a different real estate story,“ Kirstie Klein-Hunter said, who has been a buyers agent in the region for six years.
“With interest rates high, and changes to short-term letting on the horizon, a lot of investors have been sitting tight and watching the market. Next year, we’re expecting to see greater movement with certain pockets of Noosa performing stronger than others.”
Her 2025 property predictions for the region are:
– Rising prices on Noosa Hill: Stabilisation in Sunshine Beach.
Noosa Hill continues its upward trend in property values, driven by high demand and limited availability. Meanwhile, after a significant boom, Sunshine Beach prices are expected to plateau. The contrast reflects shifting buyer interest and market saturation in these prime areas.
– The Noosa Hinterland: The next big thing.
A hidden gem, the Noosa Hinterland, has seen two record-breaking sales, such as the recent $11 million auction for a mansion deemed one of Queensland’s finest. With prices traditionally lower than beachfront properties, the Hinterland is becoming a serious consideration for buyers seeking luxury without the coastal premium. The Hinterland’s appeal is poised to grow as more buyers recognise its value and potential.
– Increased housing density in Noosa Heads and Noosa Junction.
Noosa Heads and Noosa Junction are set to see higher-density developments with the government keen to introduce more housing options for the region. However, due to the nature of Noosa’s property market, these proposed units are unlikely to address the local housing crisis as they are likely to demand a relatively high sale price and will not necessarily contribute to the pool of affordable housing in Queensland.
– Interest rates and market activity.
Predicted interest rate cuts in 2025 could spark a new wave of buying activity. Many sellers are waiting for this anticipated decrease to attract more buyers and, potentially, higher offers. Buyers, meanwhile, hope rate cuts will cool the market, when in fact it will have the opposite effect, increasing competition in this tightly held property sector.
– Rising New Zealand migration to Noosa: Easing interstate demand.
New Zealanders are eyeing Noosa as a desirable relocation destination, with a noticeable increase in demand due to economic pressures. Conversely, the interstate migration boom of 2020 and 2021 is tapering off, as many buyers who moved during the pandemic are returning to cities like Melbourne and Sydney.
