Prestige Property Market Report

Prestige Property Market Report

THERE IS ONLY 1 NOOSA – June 24, 2024

For those who have been holding off believing or hoping that the Noosa real estate market would retreat after the frenzied activity in the early 2020s with the rapid rise in interest rates, it looks like those hopes have been dashed. Moving forward low inventory of available property could be the new norm.

Little Cove Escarpment – 6 beds/6 baths Auction 11 July

Increasingly, properties in Noosa are being treated as generational assets being handed down to family rather than being sold into the open market. Gone are the days when it was a speculative market with owners flipping properties for a quick profit. For example, there were times when buyers had the choice of over 50 waterfront houses to choose from on Noosa Sound, however today there are just two. Sunshine Beach often had 5-10 houses available on the beachfront, and today there is only one which will hit the market in Spring.  Also, it’s been years since a 3-bedroom apartment facing Noosa Main Beach has been sold.

The basis of the supply shortage is the fear of ‘where would I go if I sold’. People who have settled and invested here simply don’t want to leave.  Lately there has been a higher than usual number of owners shifting houses within town, upsizing/downsizing or just trying another suburb.

As the owner of a managed property, it is comforting news your investment is prospering.  We’ve achieved strong gains for clients over recent months, including a $30m sale, all of which have positively influenced values. Whether helpful for future planning or you’re simply curious about the current value of your investment, don’t hesitate to ask for an obligation-free update.

Some exceptional offerings worth considering include Little Cove, with three very different properties ranging from a 3-bedroom front row apartment in the seldom available boutique Bayona complex, a 3 bedroom penthouse in the 3-apartment Anse Vata building on Park Road near the National Park, and a 6-bedroom stunner on the escarpment overlooking Noosa Main Beach. In Hastings Street we have two 3-bedroom apartments available, one in The Hastings and the other in Sebel Noosa Resort – two interlinked, so one-of-a-kind. If waterfront living is your preference, take a look at the brand new 4-bedroom house at 19 Key Court on Noosa Sound. Coming soon at Sunshine Beach is a front row house on the beach, with the Coral Sea as its backyard. See them all and more on the website.

Noosa Concours d’Elegance 2024

Join us on Saturday 13 July 2024 for the second Noosa Concours d’Elegance, a celebration of automobile masterpieces for the curious, also connoisseurs of art and style, to gather and admire. Over 80 cars will be on display and the majority on closed-off Hastings Street with four Concours judges, including one international, having the honour of selecting the Best Modern Car (last 30 years), Best Classic Car and Best in Show, the latter presented by Tom Offermann Real Estate.

Noosa Concours d’Elegance on closed-off Hastings Street

The globally recognised Sleeping Beauties Restoration company, will have a unique display of restoration in motion, a 1956 Mercedes Benz 300SL Gullwing SL set on a period Mercedes Benz transporter. And on Saturday also Sunday morning, the forecourt of the French Quarter Resort and Tom Offermann Real Estate in Hastings Street, will feature a bespoke collection of cars including four Ferraris and two of McLaren’s rarest models, to celebrate the Ayrton Senna Long Lunch at Locale on Sunday. All this and so much more including live music and entertainment. Sponsoring community events like Noosa Concours d’Elegance forges new connections which are priceless when seeking buyers for client’s properties. More details:

Sponsoring events like these forges new connections which are priceless when selling properties for our clients. There is only one Noosa. Enjoy!

Tom Offermann

Sales Snapshot


Purchased $2.75M

Purchased $1.9M

Purchased circa $30M

Purchased $4.62M

Purchased $2.3M

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