Hot property: Dated dress circle Noosa home sells at auction

first_imgThis waterfront home at 49 Witta Circle, Noosa Heads, has sold for $5.67m.A WATERFRONT home in need of an upgrade in one of Noosa’s most prestigious streets has sold under-the-hammer for $5.67 million, with agents claiming the coastal hot spot is proving immune to the pre-election uncertainty plaguing the property market.The four-bedroom house at 49 Witta Circle was sold at auction after a bidding war between four parties. One of the bedrooms in the home.“It’s on the water, picturesque, and an easy walk from Hastings Street and the beach. “The capital growth has been over 15 per cent on average for the past 40 years — hard to beat.” MORE: Tide turns for riverfront units Inside the home at 49 Witta Circle, Noosa Heads.The result shows the Noosa prestige market is “rock solid”, according to marketing agent Eric Seetoo of Tom Offermann Real Estate. RELATED: Waterfront living attracts buyers The kitchen in the home at 49 Witta Circle is quite basic.Mr Offermann said he was still finding demand strong, especially at the luxury end, where there was a critical shortage of stock.Tom Offermann Real Estate recently sold a waterfront house at 55 Wyuna Drive, Noosaville, for $4.75 million and 27 Mossman Ct, Noosa Heads, for $5.75 million.And an apartment in the La Mer complex on Hastings Street changed hands last month for a whopping $6.1 million. More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoInside the house at 49 Witta Circle, Noosa Heads.Agency principal Tom Offermann said he believed it was the highest Queensland house sale under-the-hammer so far in 2019. “Witta Circle is one of those ‘can’t go wrong locations’,” Mr Offermann said. “The … home was an oldie, but it occupies one of the most desirable locations on the waterfront near Hastings Street,” Mr Seetoo said. The view from the unit at 5/37 Hastings St, Noosa Heads, which has sold for $6.1m.“Property markets usually slow down during an election, but not this time in Noosa,” he said.“The traditional slowdown isn’t apparent this time, with most clients adopting a wait and see attitude. “Some are even predicting a post election rush into investment property before any negative gearing or capital gains tax changes are introduced.”Adrian Reed of Reed & Co has just listed a five-bedroom, five-bathroom mansion at 54 Noosa Parade with a price guide in the late $7 million to early $8 million range.Given the property’s location, river views and proximity to Hastings Street, Mr Reed is expecting it to be one of the most significant sales of the year. This house at 54 Noosa Pde, Noosa Heads, is for sale. The house at 49 Witta Circle is right on the water at Noosa Sound.“We found four bidders, three of whom were present, and another was on the phone from overseas, each with well over $5 million to spend. “As you can imagine, I am busy finding properties for the underbidders.”last_img

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