‘A black cloud has been lifted’: Noosa property market back with a record $7.1 million sale

PHOTO: This home on Noosa Parade smashed the street record when it sold recently.

Noosa’s property market is firing again, with a record $7.1 million riverfront sale pointing to a fresh wave of confidence from buyers and sellers.

Property pundits went quiet in the lead-up to the federal election and were hesitant to make any decisions, according to local agents, but the difference following the result was swift and immediate.

A luxury home along Noosa’s most tightly held and arguably most prestige riverfront stretch, Noosa Parade, was last week snapped up for $7.1 million, smashing the street record.

Selling agent Reed & Co director Adrian Reed said there was no doubt anxious buyers had shied away before the election.

“There is always uncertainty in the build-up to an election and we lost a couple of potential buyers in the lead-up due to the uncertain political landscape,” Mr Reed said.

“There was definitely a shy away, but with the close of that [election] result we saw a bounce back of significant confidence in the market, which can be seen with this result.”