News

Pat Rafter's $18m Coast home proves hot property

PAT'S PAD: The Sunshine Beach home of tennis ace Pat rafter is on the market for a record price.
PAT'S PAD: The Sunshine Beach home of tennis ace Pat rafter is on the market for a record price. Contributed

NOOSA is expected to smash its $9.3million house sale record this year when the home of tennis ace Pat Rafter at Sunshine Beach finally sells.

It is on the market for $18million and Noosa prestige real estate agent Tom Offermann believes it will easily surpass his company's 2016 sale of another beachfront home to a Brisbane buyer.

"It's a record for our company and for the Sunshine Coast," Mr Offermann said.

"Another former world number one player Thomas Muster sold his $5,900,000 riverfront home through our company to a Sydney couple as a holiday home.

"Thomas Muster's former county estate on 88 acres on the Noosa Tableland which is now owned by songwriter Mike Chapman OAM, is being sold through us for $6,000,000, $2,000,000 less than he paid for it and proves there is plenty of value buying remaining in Noosa."

Mr Offermann said Noosa is back in vogue for visitors and investors with "every measure confirming bubbling confidence and prosperity throughout the town."

He said apartment managers are consistently reporting high occupancy rates up around 90%, and rental "property owners are enjoying the highest income they ever have."

"These tourism dollars are flowing through the entire local economy including hospitality, trades, and every local business," he said.

The International Visitor Survey has recently reported a 73% increase in international visitor spending, seven times the Queensland average, with New Zealanders spending 104% more than last year.

"Our full year auction clearance rate for 2016 was 87%, rivalling even the strongest capital city agencies," he said.

"Sydney buyers have featured strongly among our buyers more than ever before, splashing out on holiday homes and apartments."

He said Sydney people have their own great beaches and harbour with warmer weather than Melbourne, which is why until now they had a relatively low profile in our market.

"For some reason that has changed and Noosa is right on trend for them," he said.

"Noosa has always been served well by Victorians, who treat Noosa as their own beach haven and escape from the cold."

Mr Offermann said the Real Estate Institute reports that Noosa has Queensland's lowest permanent rental vacancy rate of just 1.2% due largely to Noosa's long standing "population cap" town planning policies.

"There is intense buyer competition for the existing housing stocks from four distinct quarters," he 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.

"Noosa's mayor Tony Wellington told me our population growth is next to zero."

Mr Offermann said there is nothing on the horizon that will relieve that pressure and prices will go through a strong growth phase into the near future.

Topics:  editors picks pat rafter property re-investment


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Is this the Northern Rivers' most dangerous intersection?

BLACK SPOT: The Alstonville bypass intersection, where the Bruxner Hwy meets Ballina Rd at Alstonville has been the scene of numerous traffic incidents.

Concerned residents call for change after highway horror

41-year-old playgroup under threat of closing down

Ballina Little Pelicans Playgroup needs a new coordinator as soon as possible.

This popular group for parents and children could be forced to shut

Words to fill the streets of Lenox Head

Lennox Head Poetry Festival is in the town over the next few days.

Inaugural Lennox Head Poetry Festival kicks off

Local Partners

Parvovirus alert: Keep your dog safe

LOCAL animal organisation Northern Rivers Animal Services Inc have warned the public of a Parvovirus alert.

Puppetry of the Penis secrets revealed ahead of show

The famed Puppetry of the Penis is coming to the Sunshine Coast for shows in Noosa and Caloundra.

WARNING: This interview contains adult themes and traces of nuts

See turtles up close on rescue centre tour

SPLASH: This green sea turtle, held by Australian Seabird Rescue general manager Kath Southwell, splashed some of the children on a tour of seabird rescue's headquarters.

The turtles don't mind giving the tour groups a splash, too

Shrek on stage

POPULAR MUSICAL: Shrek (River Fullagar) interrupts the wedding, shocking Fiona (Hillary Goodsell), the Bishop (Grace Pateman) and a furious Farquaad (Lachlan McGeary) in the Ballina Players' latest production.

The best-known green ogre is the star in Ballina Players production

Kristen Stewart to host SNL

Kristen Stewart will host a pre-Super Bowl episode of SNL next month

Louis Tomlinson celebrated his son's first birthday

Louis Tomlinson and Briana Jungwirth celebrate son's first birthday

Kylie Minogue will take husband's name

Kylie Minogue will take her fiancé Joshua Sasse's surname

Nicole reveals her biggest parenting challenges

Actress Nicole Kidman.

Nicole Kidman says her kids are ‘deeply attuned' to her moods.

Suicide Squad director reveals his regrets about the film

Margot Robbie in a scene from the movie Suicide Squad.

DIRECTOR of superhero flick on what he’d change about ‘flawed’ film.

Meet the new Marco on MasterChef Australia: Yotam Ottolenghi

Israeli-born, London-based chef Yotam Ottolenghi will be a guest chef for a week on the 2017 season of MasterChef Australia.

AFTER Marco’s defection to Seven, MasterChef signs a true food hero.

Thousands of jobs part of $1b retirement village project

THIS YEAR: An artist impression of the new Aveo retirement village in Springfield.

Aveo Springfield unveiled this month, homes ready by July

KNIFE-EDGE: The housing tightrope we now face

Even the smallest interest rate rise will be hard for some to handle.

One if five home owners at risk, according to new analysis

Historical home leaves family's hands after 75 years

SALE CONFIRMED: The Gympie Regional   Realty team which sold the Ramsey property are (back) Mel Gastigar, Dorothy Palmer and Margaret Cochrane, with (front) home seller Terri-Jayne Ramsey.

Ramsey family played a huge role in Gympie's growth.

Pat Rafter's $18m Coast home proves hot property

PAT'S PAD: The Sunshine Beach home of tennis ace Pat rafter is on the market for a record price.

"It's a record for our company and for the Sunshine Coast.''

INTERACTIVE MAP: Which Northern Rivers towns boomed in 2016?

BOOM TOWNS: While Ballina properties continued to attract top dollar in 2016, it was areas to the south that experienced price hikes, including Wardell, Evans Head and Woodburn.

Click on our map to find the median sale price in your town

Ready to SELL your property?

Post Your Ad Here!