Noosa apartment record broken with $8.25 million Hastings Street sale

Noosa apartment record broken with $8.25 million Hastings Street sale
Joel RobinsonSeptember 1, 2019

A Hastings Street apartment on Noosa's priciest beachfront strip has sold for a record $8.25 million.

The three bedroom apartment is in the pricey Twenty Three Hastings block.

It was sold after a very short listing period in August by Tom Offermann Real Estate and beat the former record, held since 2006 when the penthouse in the nearby Noosa Court on Hastings sold for $8.2 million.

The living spaces of the triplex garden apartment comes with pool plus direct beach access.

The listing agent Mal Cox described it as one of the finest apartments he’s had the privilege to market.

The sale comes after the Tom Offermann agency secured $6.1 million for a nearby Hastings Street penthouse.

Tom Offermann says there's a resurgence in beachfront property sales and there’s no sign of it changing soon.

“Noosa Main Beach is one of a very few true north-facing beaches on the east coast of Australia,” Offermann says.

“Noosa has an amenable sub-tropical climate and a town brimful with natural assets which turns holiday makers into property buyers, something I have experienced over 30 years.

The Noosa apartment market recorded the strongest capital growth of any unit market across the country over the last year with values soaring nearly 25 per cent.

"The investment potential speaks only of enviable financial success for those who are fortunate to acquire their piece of Noosa Heads ’hottest real estate.”

 

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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