Noosa property market reaches new levels

With six registered bidders, a four-bedroom, five-bathroom, three-car house with pool at 8 Stevens St, Sunshine Beach, sold at auction on Saturday. 243947_21

Erle Levey

The appetite for property in the Noosa region shows no sign of abating.

It comes at a time when Brisbane and South East Queensland have been named to host the 2032 Olympic Games, which adds optimism for the next decade. 

On Saturday a four-bedroom designer house at 8 Stevens Sreet, Sunshine Beach, sold at auction for $9.025m after extraordinary local as well as interstate interest.

It set a suburb record for a non-beachfront house in Sunshine Beach.

The two-level house designed by Chris Clout centres around expansive indoor-outdoor spaces with northerly aspect.

Tom Offermann Real Estate agent Peter TeWhata said the property underwent an excellent campaign with huge exposure.

“It had the ’wow’ factor,’’ he said, “… the way it was designed for the environment.

“It was perfect to capture the Queensland lifestyle.’’

Mr TeWhata sold the vendors the block four years ago and said they saw the vision of what could be created.

There were six registered bidders for the property.

Principal Tom Offermann said it was well deserved, given the prime location and design.

“The new owners should be delighted.

“This sale comes on the back of a string of five beachfront sales above $10m we’ve negotiated along Noosa’s eastern beaches.’’

Mr Offermann said some sales were subject to confidentiality clauses but could confirm a sale of $21 million just a few doors away settled two weeks ago.

A beachfront parcel on David Low Way was also close to that number after auction and is waiting to settle. 

According to the Domain quarterly house price report, median house prices on the Sunshine Coast soared by more than 20 per cent over the past year and almost five per cent over the past quarter to new record heights.

The price growth in the Noosa region has been higher, Mr Offermann said, with house price growth in Noosa Heads at 28.5 per cent for the year and 9.7 per cent over the last quarter.

Noosaville is at 33 per cent for the year and 10.2 per cent for the quarter, and Sunshine Beach at 24.6 per cent for the year and 6.8 per cent for the quarter.

With the Sunshine Coast and Noosa in line to host 2032 Brisbane Olympic events, Mr Offermann said the boost for the whole of South East Queensland would be huge.

“Noosaville’s house price growth is one of the strongest in the country and compares with combined capital city growth of 12.4 per cent over the past year.

“The economic activity will underpin an influx of new residents, and the Games themselves will attract participants who will want to live on the Sunshine Coast and also large numbers of international tourists.

“The global focus on South East Queensland will continue to attract visitors for years after the event and the legacy of such amazing sporting and recreational facilities can’t be underestimated.

“South East Queensland is my favourite place in the world and it is only going to get better.’’

Coming to the market this month is a five-bedroom, four-bathroom waterfront house with jetty at 33 Mossman Court, Noosa Heads, that is tipped to challenge price benchmarks for the area.

In an industry that includes many, many interesting situations, Mr Offermann reports the heartwarming sale recently when asked by a 97-year-old lady to sell her Noosa Heads waterfront house so that she could move into a waiting retirement home.

“Originally from Gympie, where a lot of the early settlers to Noosa came from, she and her late husband built the house in 1984.

“The sale was by auction with 13 registered bidders fighting it out until the hammer fell at $7,250,000.

“The low-set house was very modest by today’s comparisons, so the buyers saw the value in the 600sq m allotment.

“The interesting thing is that we had a dozen buyers left over, each with capacity in excess of $5 million to spend.

“All the seller needed was enough for the next move and she is happy with the care and some company at her new place.’’