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The coast’s most-expensive streets

Property

The coast’s most-expensive streets

Homes on one Noosa Heads road are sitting pretty, with median sale prices leading the region’s top 10. Words: Matt Nicholls.

New data has revealed the top 10 most-expensive streets on the Sunshine Coast, with those boasting water views dominating the rankings.

The data, compiled by Ray White using information from all agencies, shows the streets with the highest median sales during the three years starting from February 2021.

The most-expensive street on the Coast over that time was Noosa Parade in Noosa Heads, with a median sale price of $16.5m.

Arakoon Crescent at Sunshine Beach had the next highest median price of $13.625m. Noosa Parade and Arakoon Crescent were also the most-expensive streets in all of Queensland.

Ray White Group analyst Jemima White says there is a common trend among the streets in the top 10.

“These streets are either riverfront or beachfront in the most popular spots in the Sunshine Coast,” she says.

“The properties on these streets are large, often newly renovated, with infinity pools, spas, gyms – the list goes on. So, these streets represent the premium not only for beachfront/riverfront but also for beautiful, large and finished homes.

“Not only are Noosa Parade and Arakoon Crescent the most-expensive streets in the Sunshine Coast, they top the state as well. And their median prices aren’t far off Australia’s most-expensive street: Wolseley Crescent in Sydney’s Point Piper at $23,500,000. This is evidence of such a high demand Australians have in owning a river and beachfront property in one of the country’s most sought-after holiday destinations.”

Ms White says the controlled supply of properties on streets so close to city centres and “beautiful environmental assets” has created a strong desire and exclusivity to owning property in those places – meaning, when they come up for sale, they are sold quickly.

“Tourism in Noosa is continuing to grow with the number of visitors in 2022-2023 up on pre-COVID levels and highest in the state,” she says.

“So, we’ve seen growth in median weekly asking rents in Noosa grow to be the second-highest in the state.

“The significant proportion of the property owners on these expensive streets are wealthy families that live in capital cities around Australia and have their homes here as a holiday property.

“This aspect of the Sunshine Coast, particularly Noosa, makes buying here even more attractive as they know there is the option of renting it out and earning high rental income when the properties aren’t being used.”

The top 10 most expensive streets for median sales on the Sunshine Coast were:

  1. Noosa Parade, Noosa Heads: $16,500,000
  2. Arakoon Crescent, Sunshine Beach: $13,625,000
  3. Witta Circle, Noosa Heads: $10,125,000
  4. Mossman Court, Noosa Heads: $9,000,000
  5. Kareela Avenue, Noosa Heads: $7,950,000
  6. Minyama Island, Minyama: $7,700,000
  7. Park Crescent, Sunshine Beach: $7,175,000
  8. Allambi Rise, Noosa Heads: $6,200,000
  9. Mcanally Drive, Sunshine Beach: $6,100,000
  10. Wyuna Drive, Noosaville: $6,000,000.

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