Noosa Northrise residential developmentPhoto: Erle Levey
Noosa Northrise residential developmentPhoto: Erle Levey

Buyers creating a hive of activity for Coast real estate

A MARKED shift in buyer confidence on the Sunshine Coast has seen the property market record some of the strongest activity in years.

Reed Property Group sales and marketing manager Jason Kollanyi says 80% of the Flame Tree Pocket residential development at Sippy Downs has sold, with stage two to be launched soon.

At Noosa, Northrise sold out stage four on Tuesday with interest already building in the next release of 13 blocks this month.

At Caloundra just two elevated lots and one lot fronting bushland reserveremain in the Ivadale Lakes' latest release, The Sanctuary, at Little Mountain.

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It is the final release in the master-planned development, with market take-up the strongest to date.

At Pelican Waters, about 50 of the Waterside estate's family-friendly home sites sold within the first month of release.

The trend back towards the lifestyle sector has been linked to a softening in the resource-driven markets due to falling commodity and infrastructure prices.

Pelican Waters general manager of development Hamish Pressland said the response to Waterside had been so encouraging that the initial release of 39 lots had been extended to a further 33 lots to meet demand.

Flame Tree Pocket is positioned near University of the Sunshine Coast and the emerging Kawana health hub.

Stage one included 44 lots while stage two contains 37 allotments that back on to a vegetation corridor and range in price from $175,000 for land and $360,000 for house and land packages.

Reed Property Group head of development Jay Emmerton said he was thrilled the project was progressing ahead of schedule following strong interest in the first two stages.

He said strong sales in recent months were reflective of a marked shift in buyer confidence in the past year.

"With rental vacancies still sitting below 1% in the region, we have seen keen interest from investors as well as first-time home owners and young families looking to secure long-term certainty in a buoyant property market," he said.

The next stage of Noosa Northrise will see some of the best blocks in the boutique estate released to the market.

"This is virtually the final opportunity to purchase land in the heart of Noosa,'' Dowling & Neylan principal Dan Neylan said.

"Lack of available land will only see those markets consolidate more.''

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