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.
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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