Noosaville Real Estate

ABOUT THE AREA

Often described as the heartbeat of the region, Noosaville\'s northern esplanade borders along the scenic Noosa River, which is known by the locals as the "Golden Mile". The recent$5.8m beautification program funded by local and state governments, Noosaville is thriving and offers a multitude of activities for families, every-day visitors and retired couples.

The peaceful unpolluted river offers sedate swimming beaches, boating, \"putt-putts\", surf skiing, sailing, fishing and shady trees perfect for picnics and barbecues. On the southern side of this glorious strip there are some thirty restaurants and cafes to choose from with a variety of cuisine. Boutique shopping and an array of holiday complexes accommodating couples to large families form the southern bank and provide a very affordable holiday retreat.

There are approximately 1,000 holiday apartments in the Noosaville area with a wide cross section of architecture and a mixture of the old and the new. With less than 180 holiday units that can be built in the area in the future, demand is increasing dramatically and we expect this trend will continue over the next few years. The recent supply is expected to be taken up in the near future, as an increasing number of people are experiencing the fruits offered here and the low-key atmosphere.

Noosaville also offers many seasonal and residential use properties in the tranquil side and back streets within an easy amble from all these activities. Noosa Council has restricted building heights to just three stories mostly along Gympie Terrace and only two stories elsewhere which enhances the overall attraction of this popular destination.

MARKET REPORT

Sales in the Noosaville area have continued at the balanced pace experienced in late 2004 with a tendency for properties to be on the market for a longer period than in the first quarter of 2004. This is reflection of the overall market, with only minimal impact showing so far from the February interest rate rise.

Property prices always vary greatly in this diverse area which really does cater for a wide range of budgets, starting from $130,000 for motel style units to $2,400,000 plus for waterfront apartments and from early $300,000's in the Goodchap Estate to $2,000,000 plus for older style homes on the Hilton Esplanade. Available blocks of land are always scarce and we see very few blocks coming up for sale. There has only been one small estate release in recent times. Duplex sites are at a premium for developers who see such good potential in this area for redevelopment, particularly sites nearer the river. With such easy access to restaurants, shops and transport it is easy to understand why.

Recent sales have included:

Houses

Redevelopment Sites

Elizabeth/Ann/James/Edward Streets  old homes on
redevelopement sites (duplexes and medium density units) $840,000-$2,000,000

Duplex

Units

This is but a small selection of properties sold in the Noosaville area in this quarter. We are gearing up for the Easter/April holiday period which traditionally is a good selling time. We have a good range of properties available from a Unit at $130,000, duplexes from $485,000 and a stylish house on a duplex site which has received strong interest at its auction this weekend. If you are looking to sell or buy in this special part of the Sunshine Coast please visit the properties on our website or contact me direct for a confidential discussion..

Report updated April 1 2005

For further details contact Robyn Reid on 0418 144 484 or robynreid@remaxnoosa.com.au