$19.6m sale as Noosa continues to defy property slowdown

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.

Inside the home at 68 Noosa Pde, Noosa Heads
Inside the home at 68 Noosa Pde, Noosa Heads, which has been fully renovated.

“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.

Sale of a Waterfront Home in Noosa
This property at 22 Noosa Pde, Noosa Heads, sold for $16.5m.

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

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