Sales soar in top end of market on the Sunshine Coast
MILLIONAIRES are whipping out their wallets again to grab luxury property bargains on the Sunshine Coast.
MILLIONAIRES are whipping out their wallets again to grab luxury property bargains on the Sunshine Coast.
Experts say mining cash, falling interest rates and juicy prices offered by those selling "discretionary properties'' they can no longer afford have contributed to a spike in sales at the top end of the market.
There has been a series of recent sales between $2 million and $6 million.
Noosa agent Tom Offermann told The Courier-Mail sales were up 50 per cent on the same time last year.
Mr Offermann said his agency had sold No.3 The Beaches - a four-bedroom, three-bathroom house in an eight-lot gated beachfront community at Sunrise Beach, for more than $5.5 million.
"We recently sold a block in the same community for $2.6 million and are negotiating with another buyer over an adjoining 820sq m block listed at $3 million,'' he said.
Other rich pickings have included a three-bedroom penthouse in Iluka, under construction up the hill from Hastings St, for $3.3 million.
Noosa is not the only beachside area in demand. Next Property Group is celebrating the sale of 30 Mary St, Alexandra Headland, for $2.9 million.
They said it was the highest price for a house in the suburb for a decade.
Principal of Ray White Caloundra Andrew Garland said buyers were getting a sense that the market was at the bottom and now was the time to buy.