Noosa’s residential property market continues to soar with Altum Property Group starting construction of their latest apartment project, The Whitely.
Eighty per cent of the 53 unit development has sold since its launch in November last year.
The Whitely Noosa sales manager Jeremy Gilmore said the strong sales valued at $35 million were a result of the hugely popular Noosa property market along with the project’s price point which appealed to owner-occupiers and investors alike.
“The lack of brand new, high quality stock under the $1m mark in Noosa has driven much of the enquiry and sales at The Whitely and we expect the remaining two and three bedroom apartments and terrace homes to sell quickly with prices ranging from $850,000 to $1.2m,“ he said.
“Most of our buyers have been locals including a number who are repeat clients of Altum Property Group. These purchasers are keen to stay in the Noosa community but want to downsize from large family homes to something which is modern and without the maintenance issues.
“The world class Noosa River is less than a kilometre away which means easy access to local medical, employment and education facilities as well as quality cafes and restaurants. The Noosa river is ideal for swimming and fishing and walking and cycle tracks ensures a pleasant trip into the iconic Hastings Street,” Jeremy said.
Altum Property Group director Alex Rigby said The Whitely has been designed by award winning local architect Blackburne Jackson while the developer’s building arm Altum Constructions will be responsible for the 53 two and three bedroom unit project which includes a spacious pool and an outdoor lounge area surrounded by lush tropical landscaping.
“This is an exciting opportunity for our construction arm to take on a project of this size, we anticipate up to 150 FTE will be employed on this project which is a great boost for the local economy,” Alex said.
Construction is expected to be completed by late 2023.
