Noosa Shire FY 2022-2023
In the last quarter, the Noosa market faced challenges for both buyers and sellers. However, a bright future awaits as market fundamentals strengthen and migration resumes. Early signs suggest a market upturn, especially in luxury real estate.
While flagship sales were scarce due to limited premium inventory and seller caution, remarkable transactions underscore the enduring allure of luxury properties. Notable sales include Designer Chris Clout’s masterpiece at 46 Driftwood Drive, Castaways Beach, which sold for a record $13,300,000, and a renovated Paul Clout-designed home at 17 The Promontory, Noosa Waters, setting a street record at $6,830,000.
Renovated and newly constructed properties shine at the prestige end, though buyers approach renovation projects cautiously due to rising costs. CoreLogic’s June data shows market momentum decelerating, but the upper-end market remains resilient, making it an opportune time for buyers and sellers.
Our experienced team is ready to provide expert guidance in Noosa’s luxury real estate market. Whether buying or selling, trust us to guide you confidently through this exclusive world of real estate.
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