$19.6m sale as Noosa continues to defy property slowdown

News Corp Australia Network

This property at 68 Noosa Pde, Noosa Heads, has sold for $19.6m.

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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.

The view from the home at 68 Noosa Pde, Noosa Heads.

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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, which has been fully renovated.

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“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.

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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.

Imagine entertaining here!

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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.

This property at 22 Noosa Pde, Noosa Heads, sold for $16.5m.

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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.