Noosa’s property market stronghold continues for the $400 million Settler’s Cove development, with the latest stage of Lumina Residences selling out prior to completion, paving the way for the much-anticipated launch of the next stage, L2.
Settler’s Cove Sales and Marketing Manager, Dane Larcombe said confidence in the Noosa property market was at an all-time high.
“While Noosa continues to attract a high level of interest nationally, most Settler’s Cove buyers have been astute locals who recognise the limited and unique opportunity this location offers – both from a lifestyle perspective and as a sound long-term investment,” Mr Larcombe said.
“Sitting on 36 hectares – with half of the site provided back to Noosa Council as a conservation-protected zone — this location provides direct access to the Noosa River and is an easy walk to Hastings Street and Noosa Junction.
“The 22 luxury Lumina Residences in the first stage were quickly snapped up by owner occupiers and with construction on schedule, the apartments are due for completion by December 2020. The great success of this stage has prompted the imminent launch of L2, the second stage in Lumina Residences which includes 15 off-the-plan luxurious apartments.
“We once again expect a high level of enquiry when we go to market in December with potential buyers already expressing interest in the release.”
Created by privately-owned Cape Bouvard Developments, Settler’s Cove has become a well-established, popular part of the Noosa community including more than 70 completed apartments in previous stages.
Cape Bouvard’s Development Manager, Shannon Gillard said the popularity of the development was not entirely surprising given the vision for the high-end apartment precinct.
“We are creating a lifestyle opportunity that really resonates with people,” Mr Gillard said.
“Most of our owner occupiers are looking to simplify their lives by minimising yard and pool maintenance so they can enjoy all the benefits of our resort-style facilities and everything Noosa Heads has to offer.
“They live an active lifestyle, love entertaining and enjoy spacious homes which informed the design brief for our apartments within this central, yet quiet location.
“Settler’s Cove has become renowned for its high-end finishes using some of the very best local and internationally sourced products and materials and Lumina Residences has continued to deliver on these expectations.”
All Lumina Residences have three bedrooms and two-car garages with access to a stunning resort-style swimming pool, private access to the waterfront jetty of the Noosa River inlet and are set amongst lush tropical landscapes.
Mr Larcombe said investing in Settler’s Cove had proved to be a smart decision for many, with earlier stages achieving great resales.
“One of the apartments in Emerald originally sold off the plan in 2017 for $1,825,000 and re-sold this October for $2,350,000, signifying a high level of confidence in the market and a great return for our buyers,” Mr Larcombe said.
“The level of enquiry locally as well as interstate has been significant with buyers keen to secure their little piece of Noosa in this limited release of 15 apartments. We encourage those interested to register now to avoid disappointment when Lumina Residences L2 goes to market in December.”
Timed with the estimated completion of the first stage, a new Lumina Residences display apartment will be available for viewing in December 2020 by appointment.
