Category: Blog

The COVID-19 storm has spawned a hurricane of home sales across some of the Sunshine Coast’s hottest tourist magnets as property punters report unprecedented buyer action from city-based sea-changers in search of a pandemic-free paradise.

The rise of remote work and virtual inspections amid record-low interest rates has further sparked the coastal migration with popular hub Noosa clocking millions of dollars in sight-unseen sales alone during the past month.

In Noosa, luxury real estate is thriving, with stunning mansions dotting the waterfront and beachfront. Properties like 24 Arakoon Crescent and 17 Webb Road exemplify this, commanding high prices as some of the most expensive homes in Australia.

Visitors can explore Noosa’s allure through videos showcasing these architectural marvels. For those seeking investment or holiday homes, Noosa offers prestigious options, including celebrity-owned properties, making it a prime destination for discerning buyers.

Adrian Reed, from Reed & Co Estate Agents in Noosa, said buyers from Brisbane to as far away as Hong Kong had pounced on the region’s high-end market, with the agency transacting $60 million in sales from April until August.

“It feels like there’s a gravitational pull towards those idyllic locations … and this trend has continued throughout COVID,” Mr Reed said.

“We sold $26 million in the past couple of months alone sight unseen.

“They are buying from abroad and domestically and then from Brisbane … and I think it’s likely to continue.”

He said the skyrocketing sales action had particularly centered around Noosaville, with $6 million of off-market property sold in the past six weeks.

The agency also clocked the latest Noosaville record for the spectacular mansion at 32-36 The Anchorage, which fetched $12 million. The property features 13 bedrooms and was the former home of the late businessman and founder of Hayco, Donald Hay.

Dan Neylan, from Dowling and Neylan agency in Noosa, said in his 27 years of real estate experience he’d never seen such incredible buyer activity.

“The average time on the market for us has shrunk back to three weeks and most of our auctions are not even getting to auction,” he said.

“We had a sale for an apartment on the weekend where the reserve was expected to be $5.5 million but it sold for almost $6.5 million.

The most expensive homes in Noosa are not just properties; they’re statements of luxury living. From the majestic Tallebudgera Mansion to the opulent Bellagio La Villa, these homes redefine elegance.

For those seeking the epitome of luxury, 33 Ross Crescent in Sunshine Beach and 2 Belmore Terrace stand out, showcasing the pinnacle of Noosa’s real estate market. Noosa’s gated communities offer exclusivity, while interior design trends elevate living experiences.

“Our biggest one was the sale of 46 Seaview Terrace which was Pat Rafter’s previous home – and that was sold more than [a record] $17 million at the end of May to the Rudds. They just saw the long-term value of Noosa.”

Mr Neylan said interstate buyers were particularly snapping up homes like hot cakes with the agency handling more sight-unseen sales than ever before.

He said many home hunters claimed the growing work-from-home-movement had finally allowed them to have a remote career from an idyllic place – and they were wasting no time pouncing on regional, coastal destinations.

“The future for us is pretty rosy and that’s going to last for the next two or three years and by then the international airport will be finished,” he said.

Tom Offermann, from Noosa’s Tom Offermann Real Estate, agreed the fierce buying storm was set to continue during spring with Brisbane buyers competing against interstate and overseas house hunters.

“This winter was like no other and out of the disruption caused by COVID came a storm of buying activity,” he said.

“We’re also seeing capital growth rates between 10 and 15 percent… with the hot locations typically on the riverfront and the beachfront.”

Mr Offermann said last week’s sale of apartment 1 at Noosa’s prestigious Little Cove for a cracking $6.3 million following 38 bids from eight buyers, was the perfect example.

“This sale capped off another very successful week … with a string of high-value sales which included two breaking $10 million.

“There’s also been a string of nine sales between $5 million and $12 million but we can’t announce them yet because they haven’t settled.”

Despite the strong selling activity Mr Offermann said their agency was running at about 50 percent of their normal stock levels, with nervous vendors still reluctant to pull the trigger amid the global uncertainty.

Adrian Reed has been revealed as one of Australia’s top sales agents in a newly released national ranking.

Mr Adrian Reed of Reed & Co. Estate Agents has secured spot 68 in the Real Estate Business (REB) Top 100 Agents 2021 ranking. The only agent from Noosa to be named in this prestigious list of high-performing agents.

Australia’s top real estate agent knows the ins and outs of the Australian real estate market, ensuring client satisfaction. With a proven track record and high sales volume, they rank among the top 50 real estate agents in Australia.

Serving various suburbs like Brisbane and Melbourne, they are recognized as one of the top 10 real estate agents. Their award-winning services and client testimonials make them a trusted choice for property buying and selling in Victoria.

“I am very thankful for this opportunity and for the recognition from the Real Estate Business (REB) and to be ranked 68th out of over 64,698 agents in Australia. Most importantly, I have a great debt of gratitude to our wonderful clients. It is with their belief and support that I can continue this journey,” said Adrian Reed, Director and founder of Reed & Co. Estate Agents.

“I would also like to congratulate the dedicated team at Reed & Co. that works tirelessly behind the scenes and especially Darren Neal, who has been an integral part of the team’s success.”

Pictured: Adrian Reed & Darren Neal

Released annually, the independent list sets the benchmark for Australian real estate agent success.

Celebrating its 10th year, the REB Top 100 Agents is an initiative of leading industry resource Real Estate Business (REB), produced by award-winning media business Momentum Media.

The ranking highlights excellence across the board – using the number of properties sold, the total dollar volume of properties sold, and the average sale value across 12 months to definitively rank the brightest and best agents operating nationwide.

Australia boasts some of the finest real estate agents in the world. From luxury properties to investment deals, these professionals excel in negotiation and marketing.

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“The REB Top 100 Agents 2021 is a fantastic way for Australia’s top-performing agents to be recognized for their sales prowess,” said Grace Ormsby, news editor at REB.

“For those agents who have cut in 2021, it’s a result that’s all the more impressive given the disruption caused by COVID-19 for much of last year, which forced agents Australia-wide to implement new ways of working and grapple with never-before-seen challenges.

The data collected for the REB Top 100 Agents 2021 was verified by a senior member of the agency or network, or the office’s accountant.