Noosa Blue Chip And Cooloola On The Upswing
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“Since my appointment as General Manager of Laguna Real Estate I have been working closely with our office in Gympie and the activity up there has certainly been an eye opener! This month alone Laguna’s Gympie office wrote over $3 million dollars in contracts for the region, with no slow down on the horizon.
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So what makes the Cooloola region so popular with both residents and investors? Currently the Shire represents some of the best investment opportunities in the region with its low cost base, excellent infrastructure and booming local economy. Increased population and business growth has led to a high demand for rental properties, especially brand new quality residences.
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Our office’s vacancy rates are nil at the moment with a waiting list of qualified tenants willing to pay excellent rental rates. Investors keen for a high rental return as well as capital growth have seized this opportunity with both hands with many new homes in the nearly sold out South Ridge Estate being leased through our office. Building is set to commence soon at Glen Eden Estate too. Close to primary and high schools it is proving a popular choice for families looking for a convenient location and investors seeking good returns.
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Rural lifestyle properties are also proving popular choices. High quality acreages a short drive from Gympie CBD can be had at virtually half the price available in the Noosa Shire for a comparable property. With an increase in business related activity comes an increase in commercial property and our office has recently reported the sale of a landmark country hotel as well as large high profile showroom space. In a nutshell, all sectors of the Cooloola Shire are proving popular choices both for investors, owner/occupiers those looking to rent and those seeking affordable business space.
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The New Year has heralded huge interest in the top end of the Noosa market, with prestige waterfront and golf frontage properties attracting the attention of interstate and overseas investors looking to secure a “Blue Chip” location. Places of interest include waterfront properties at 25 Mossman Court, 15 Wyuna Drive and 24 Cooran Court, Noosa Sound and in Noosa Waters, 58 Saltwater Ave and 89 Shorehaven Drive. Noosa Springs golf front is attracting overseas purchasers with two magnificent brand new properties at 510 and 511 The Ridge generating huge enquiry.For those looking for the country life with town convenience a residence on 35 acres of absolute Lake McDonald frontage at 2 Grange Rd Tinbeerwah is appealing.
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A renewed interest in the Noosa market since the start of the year, seemingly no slow down in the Cooloola Shire and an upswing in the amount of first home buyers re-entering the market, points to, what I believe to be a strong stable property market for the area in 2006.”