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Noosa riverfront sells for nearly $11 million

Noosa riverfront

The Noosa area has quietly clocked up its fourth $10 million-plus sale of 2020.

A Noosa Heads riverfront on Mossman Court, built just last year by local go-to building designer Paul Clout, has sold for $10.91 million.

It’s been bought by the little-known Karl Wenzel, the South African-born businessman who recently spent $5.28 million on Peppers Ruffles Lodge & Spa at Willow Vale in the Gold Coast hinterland.

The documentation had him give his address as his longtime Mosman home.

There’s little detail on Wenzel’s most recent purchase, secured off-market through Tom Offermann Real Estate agent Tom Offermann.

A swimming pool sits in a central courtyard, with the main kitchen, living and dining space opening out to the river, and a private sandy beach.

Clout designed the home after the 610 sqm riverfront property traded for $4.2 million in 2017, then an original four-bedroom home.

Mossman Court has been one of Noosa’s most expensive streets in the last few years.

There have been 10 house sales over the last 18 months, each selling for at least $4 million.

It’s the fourth property to sell for over $10 million in the Noosa LGA in 2020.

First, there was the Hastings Street penthouse secured by Elizabeth Ring, the cashed-up ex-wife of Swisse Vitamins billionaire Stephen Ring, for $14 million.

Then Therese Rein bought the Sunshine Beach home Pat Rafter built and in June another Noosa riverfront sold for $11.2 million to Hamell Retail founders Daniel Burke and wife Kylee.

Hamell successfully established main street retail precincts in areas undergoing urban renewal throughout the 90s.

 

The post “Noosa riverfront sells for nearly $11 million” by Joel Robinson appeared first on the propertyobserver.com.au Blog

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Brisbane

Yeronga trophy home fronting the Brisbane River listed

Brisbane River

A riverfront Yeronga, Queensland trophy home has been listed without a price guide.

The five bedroom, five bathroom abode is being marketed by Heath Williams and Nick Hurwood of Place.

Situated at 363 Brisbane Corso, the tri-level home fronts the Brisbane River.

Set on 916 sqm, it features two swimming pools and a private boat pontoon.

Other features include full-height stacked glass sliding doors opening out to a covered balcony which capture sweeping Brisbane River views as well as a ground-level rumpus or games room equipped with a bar, a projector and a linked balcony.

It is located seven kilometres from the CBD.

 

The post “Yeronga trophy home fronting the Brisbane River listed” appeared first on the propertyobserver.com.au Blog

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Brisbane

Brisbane houses solid but inner-city unit market oversupplied: RiskWise

Brisbane houses

The impact of COVID-19 on the property market is greatly varied across this large state.

COVID-19 has significantly increased the unemployment rate in Queensland with a greater impact on regional areas, particularly those with a heavy reliance on tourism. As of August 2020, the unemployment rate was 7.5 per cent.

The sustained period of the border closure between Queensland and other states has been a contributing factor to the already substantial impact of COVID-19. This is due to the strong connection between Queensland and New South Wales and, to a lesser extent, Victoria.

COVID-19 has helped strengthen ‘work from home’ opportunities, meaning owner-occupiers can take advantage of ‘lifestyle’ prospects instead of being tied to employment hubs.

Before COVID-19 hit, there was already a strong trend of sea- and tree-change homebuyers looking for the best of all worlds – lifestyle, accessibility to employment hubs and affordable housing.

In Queensland, the areas that attract those lifestyle buyers include the Gold Coast and Sunshine Coast.

Beachside suburbs especially outperform the market as they offer fantastic lifestyle opportunities.

However, while solid house price growth may be experienced in Brisbane, the inner-city unit market remains oversupplied and, therefore, high risk.

 

The post “Brisbane houses solid but inner-city unit market oversupplied: RiskWise” appeared first on the propertyobserver.com.au Blog

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Market Place

Whitsundays prestige market strong amid COVID uncertainty: HTW

prestige market
The high end market in the Whitsundays is performing well despite COVID and what’s happening in other areas of Australia, with lifestyle properties being sought after, according to the November report from valuation firm Herron Todd White.
HTW found that rural residential lifestyle properties are being snapped up with sales ranging from $800,000 to over $1 million.
Properties with ocean views or frontage are also being snapped up along with vacant lots in similar locations.
“There have also been two sales in the prestige unit market, both selling for over $800,000,” the Queensland-based Herron Todd White valuer Noelene Spurway said.
“We expect that once the borders are open, lifestyle properties will continue to move as the lifestyle in the Whitsundays is second to none.”
Spurway did however jest that she is maybe just a little biased.
The post “Whitsundays prestige market strong amid COVID uncertainty: HTW” appeared first on the propertyobserver.com.au Blog
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