IN YET another sign Noosa appears immune to the softening of the real estate market, a waterfront home owned by a finance industry veteran has sold for $19.6m.
The property at 68 Noosa Parade had been on the market for six months and sold for less than its $21m asking price, but Noosa agents say the holiday region is yet to feel the slowdown.
Records show Brisbane-based David and Judy Tynan bought the property for just $2.35m in 2001 and built the existing home in 2004. It has since been fully renovated.
Tom Offermann of Tom Offermann Real Estate negotiated the sale of the north-facing, seven-bedroom home, which was designed by architect Tim Ditchfield, and sold fully furnished.
“Three sales of prestige waterfront properties in the 700-metre row of Noosa Parade in the last several months are a clear indication of the immense appeal for this highly sought-after address,” he said.
David Tynan founded Tynan Mackenzie, which became one of Australia’s largest financial advice and wealth management firms managing in excess of $4b of private client assets.
He now owns Tynans, a privately owned Brisbane-based financial advisory.
In recent months, there have been $7m, $10m and $19m sales in the region, with a lack of supply keeping a floor under prices.
Mr Offermann has also sold 22 Noosa Pde for $16.5m to Leigh Seymour, daughter of Queensland developer Kevin Seymour. Ms Seymour plans to demolish the house on around 610sq m and build a holiday house. Her father purchased 7 Noosa Pde for $15.5m.
Brisbane retirees Laurie and Gail Smith paid $16.2m for 32 Noosa Pde in April.
The house was knocked down the day after settlement and the couple have amalgamated the 611sq m block with their adjoining block. That house is being renovated.
Article source: www.realestate.com.au