By Tessa Mapstone
Best known for its north-facing bay protected from southerly winds and swell by a series of picturesque points, Noosa Heads’ natural landscape has long been a strong draw for visitors from across the country and around the world.
Since the 1920s tourist have been visiting Noosa Heads but it was in the wake of World War II that the industry began to boom.
Noosa’s green spaces, its world-class national park, absolute beachfront low-rise hotels and the cosmopolitan Hastings Street with its boutique shopping and fine dining, attract tourists again and again, and it’s no surprise that many visitors decide to buy property as an investment or to move to the area.
With skyrocketing property prices in capital cities like Sydney and Melbourne, and the unbeatable lifestyle opportunities Queensland coastal living offers, more city dwellers have been attracted to the suburb.
Elysium Real Estate Noosa principal Sean Cary said Noosa Heads’ location central to Hastings Street, Noosa Junction the Eastern Beaches and the River were part of what made the suburb so popular with residents.
“There is a range of property types that suit most buyers and the undulating terrain gives it interest and great views form some areas,” he said.
“Growth in the area has been very good in the past four years, and values specifically in Elysium have given fantastic returns to owners in that time.
“Two years ago most properties in Elysium were selling in a price range of $650,000 to $850,000, however now it is difficult to find a property priced under $800,000 and we have been achieving prices in excess of $1,500,000 for new homes, which is really exciting to see.”
With the beach on one side, national park on another, and surrounded by canals, there is almost no vacant land remaining in Noosa Heads.
“With very few vacant blocks of land in Noosa Heads, we are seeing more and more older home being renovations renovated, either to sell or simply owners making improvements with a view to staying for the long term,” Mr Cary said.
“Why would you move from such a great position!
“Rental demand is strong and while we see good demand and low supply in the market we will continue to see growth in prices.”
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