Suburb Profile: Hastings Street
One of Australia's most favoured holiday destinations and the focal point of Noosa Heads. Hastings Street is approximately 600m in length lined with boutique shopping, relaxed first class restaurants and holiday apartment complexes. Leafy sub-tropical trees soften and shade this beautiful boulevard.
There are twelve beachside resort complexes, consisting of approximately 540 holiday apartments including the Sheraton Noosa Resort and 65 assorted shops and restaurants. On the most prestigious beachfront side overlooking spectacular Laguna Bay there are almost 280 apartments in 12 resort complexes and about 64 retail services all catering to a variety of holiday makers from the young, the elderly, the day to day mums and dads to the many celebrities, movie and sports stars enjoying the ultimate holiday atmosphere.
This pristine sandy beach continues along Noosa Spit to the picturesque Noosa River mouth aligned with parkland, sheltered bathing beaches and heavy vegetation with abundant wildlife. Boardwalks continue along the total length of this protected north-facing cove and meander right to the picturesque National Park. Some 2.5 million tourists a year enjoy this special ambience taking pleasure in "the quiet life", dining, walking, bathing, surfing and generally spoiling themselves.
There is currently around $800 million worth of real estate along this prestigious strip. All complexes are strata-titled and owned by individuals with the exception of Sheraton Noosa and Seahaven Resort. Capital growth has been phenomenal, with values generally doubling every five to six years consistently over the last 25 year period. However, in comparison to other elite world destinations the prices still seem very modest. Hastings Street investments offer good returns (created by high occupancy rates), considerable tax advantages and exceptional capital growth not to mention the sublime pleasure of personal use.
Median house price: $530,000 (Noosa Heads)
All real estate pricing data is taken from Domain.com.au and is correct at May 2012. Pricing data is subject to change, so for the latest statistics please visit the site directly. These pages are updated yearly.