$9.3 million Noosa holiday home a 2016 record
A BEACHFRONT holiday house bought for $9.3 million was one of the highlights of another huge year in the Noosa property market.
Tom Offermann Real Estate principal Tom Offermann reflected on what had been a strong year in the northern Sunshine Coast market buoyed by strong international visitor spending and increased tourism dollars in the region.
His agency cleared 87% of their auctions this year with Sydney buyers featuring heavily among the buyers, snapping up apartments and holiday homes, while Victorians have again been strong movers in the market.
Mr Offermann said the rise in Sydney buyers had been somewhat of a surprise given the harbour city enjoyed its own high-quality beaches and a better climate than Melbourne.
But it was a Brisbane buyer who splashed out on the most expensive holiday homes of the year, dropping a cool $9.3 million for a beachfront home in Sunshine Beach.
That was a record for Mr Offermann's company and he believed it was also a Sunshine Coast record.
But he expects the record won't last long with Aussie tennis legend Pat Rafter's lavish Sunshine Beach home on the market for $18 million.
The seven-bedroom, five-bathroom beachfront mansion designed by architect John Burgess was built on two blocks bought for $9.5 million back in 2006.
Rafter and his wife Lara are moving to Byron Bay and Mr Offermann said there had been international and expat interest in the property.
Meanwhile, former world number one tennis star Thomas Muster sold his home on the Noosa River this year.
It was a case of yet another holiday home purchase, with a Sydney couple buying the property for $5.9 million.
Muster's former estate on 35ha in the Noosa hinterland now owned by renowned Aussie songwriter Mike Chapman OAM who wrote hit songs My Sharona and Simply The Best is being sold by Mr Offermann's company for $6 million.
The sprawling estate comes with a grand slam standard tennis court, helipad, commercial bar, gourmet kitchen, cinema, gym and private lake and is on for $2 million less than he paid for the property, offering some value to potential buyers.
"There is intense buyer competition for the existing housing stocks from four distinct quarters," Mr Offermann said.
"There are owner occupiers, there are people buying for their future intended relocation to Noosa, investors who rent out their properties for holidays or permanents, and buyers who lock up and leave their second homes."
Mr Offermann said Noosa's permanent rental vacancy rate of 1.2%, the lowest in Queensland according to industry reports, was a result of town planning policy locking down potential for major increase in housing or unit stocks.
Mr Offermann expected Noosa property prices to continue to experience "strong growth" into the "foreseeable future".