THE Noosa real estate market has had a great year buoyed by improving values in southern states and the improving lifestyle Noosa continues to offer.
As Noosa matures, the choices for quality food, entertainment and activities are constantly increasing. The pursuit of healthy living is finding its epicentre here in Noosa, and technology is changing business practices to allow people to work regionally. Upgrades to the Sunshine Coast airport will mean an increase in domestic flights to our capitals making Noosa Living even more attractive. This will have a long term positive effect on our real estate market, 2020 will continue to produce strong demand for quality property. Evidence of massive progress can be seen in Mossman Court, Noosa Sound, the street has all but been rebuilt with many homes completing or commencing construction in the last year, it seemed more of a building site than a street; however, the results are spectacular and evidence of the owners long term aspirations. This is happening across the prime Noosa markets, from the waterfront of Noosa Waters, to Little Cove’s Allambi Rise and Kareela Avenue, where stunning quality homes are being built, love it or hate it, no one can deny the presence of the new home built on Park Road overlooking the national park, the old site of Coco’s restaurant.
Frank Machia has designed a truly unique icon; I am certainly a fan of what they have done with quite a difficult site. I have dwelled on this point, because this change happens often unnoticed, and to me it’s a sign of things to come. It demonstrates the value people put on owning good property here and the lengths they are going to, to create something remarkable and unique. This infrastructure spending on the Sunshine Coast is sure to increase demand into the future, but it is also the small things. A good example is the upgrades currently under way at Sunshine Beach Surf Club. Upon completion this will be a vastly improved social venue for Sunshine Beach but also a very popular Wedding Venue, I am sure will have a strong impact on holiday let homes in that area. Another major development that will have a positive impact is the new backpacker’s hotel in Mary Street Noosaville, how will this help real estate?
Well it will bring greater vibrancy to the Gympie terrace river front retail, bring the bars to life, feed the tour and rental businesses and generally add to a positive, alive vibe down there that is attractive to people who want to live close walking distance to restaurants and shopping with some life happening there. If you doubt this simply look at the $2 million plus being paid for new liveable apartments in that area to understand what people want to be part of. People often ask about where are the next hot spots, what’s driving this? Well these are a few hints, this is the sort of thing to look out for. As South East Queensland continues to grow, with Brue Hwy Upgrades, New Town Centres, and new International Airport on our doorstep, there is no wonder we are so bullish about the future and 2020 season will be equally as strong and exciting.
Dan Neylan is an award winning real estate principal with 30 years of real estate developing, selling and rental experience, he currently sits as a board member for Tourism Noosa.