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Luxury real estate: why Noosa losses won’t eat up pandemic gains

Luxury real estate: why Noosa losses won’t eat up pandemic gains

A run of blockbuster luxury sales in the Queensland hotspot shows why the Noosa prestige market is likely to retain the bulk of its pandemic price gains.

Bonnie CampbellLuxury property reporter

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When Hancock Prospecting’s Daniel Wade sold his Noosa Heads riverfront escape for $23.25 million last month, he clocked the third most expensive sale in the Queensland holiday hotspot in 10 months.

The region’s record was set last April by the $28.5 million sale of a beachfront property on Sunshine Beach’s Arakoon Crescent, followed by Jalna yoghurt pioneers Campbell and Pamela McLaren’s $27 million Noosa Parade purchase last July.

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Bonnie Campbell
Bonnie CampbellLuxury property reporterBonnie Campbell is the luxury property reporter at The Australian Financial Review Email Bonnie at bonnie.campbell@afr.com

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Original URL: https://www.afr.com/property/residential/luxury-real-estate-why-noosa-losses-won-t-eat-up-pandemic-gains-20230113-p5ccdu