A real estate guru has outlined her 2025 expectations for one of Queensland’s most desirable regions.
Kirstie Klein-Hunter, of buyers’ agent Klein Hunter Property Buyers, has predicted some big shifts in the Noosa property market, including rising prices, a hinterland boom and an influx from overseas.
There is high demand for homes and investment properties in the region, which is a renowned tourism mecca, but there is limited stock.
Ms Klein-Hunter detailed the current market conditions and her expectations for next year.
“While the Noosa region is a relatively small area, there is a lot going on within each suburb and each part of the region tells a different real estate story,” she said.
“With interest rates high, and changes to short-term letting on the horizon, a lot of investors have been sitting tight and watching the market.
“Next year, we’re expecting to see greater movement with certain pockets of Noosa performing stronger than others.”
She expected rising prices at Noosa Hill and stabilisation at Sunshine Beach.
“Noosa Hill continues its upward trend in property values, driven by high demand and limited availability,” she said.
“Meanwhile, after a significant boom, Sunshine Beach prices are expected to plateau.
“The contrast reflects shifting buyer interest and market saturation in these prime areas.”
She believed the Noosa hinterland would be the next big thing.
“A hidden gem, the Noosa hinterland has seen two record-breaking sales, such as the recent $11 million auction for a mansion deemed one of Queensland’s finest,” she said.
“With prices traditionally lower than beachfront properties, the hinterland is becoming a serious consideration for buyers seeking luxury without the coastal premium.
“The hinterland’s appeal is poised to grow as more buyers recognise its value and potential.”
Ms Klein-Hunter said there could be increased housing density at Noosa Heads and Noosa Junction.
“Noosa Heads and Noosa Junction are set to see higher-density developments with the government keen to introduce more housing options for the region,” she said.
“However, due to the nature of Noosa’s property market, these proposed units are unlikely to address the local housing crisis as they are likely to demand a relatively high sale price and will not necessarily contribute to the pool of affordable housing in Queensland.”
She said predicted interest rate cuts in 2025 could spark a new wave of buying activity.
“Many sellers are waiting for this anticipated decrease to attract more buyers and, potentially, higher offers,” she said.
“Buyers, meanwhile, hope rate cuts will cool the market, when in fact it will have the opposite effect, increasing competition in this tightly held property sector.”
Ms Klein-Hunter also believed there would be more interest in Noosa real estate from New Zealanders, and there could be an easing of demand from interstate.
“New Zealanders are eyeing Noosa as a desirable relocation destination, with a noticeable increase in demand due to economic pressures,” she said.
“Conversely, the interstate migration boom of 2020 and 2021 is tapering off, as many buyers who moved during the pandemic are returning to cities like Melbourne and Sydney.”
Ms Klein-Hunter has worked for some of the largest financial exchanges in the world and has a background in investment strategy and property investment, having bought and sold property internationally for over 18 years.
Her international portfolio has encompassed properties in London, New Zealand and throughout Australia.
Auction results
5 Firetail Court, Tanawha
- Passed in for $2.13m
- 4 bed, 2 bath, 2 vehicle
- Ray White Buderim, Jake Loiero
334 Mooloolaba Road, Buderim
- 4 bed, 2 bath, 2 vehicle
- Sold under the hammer for $1.135m
- Ray White Kawana Waters, Adam Budd
35 Karawatha Drive, Mountain Creek
- 3 bed, 2 bath
- Sold under the hammer for $1.225m
- Ray White Maroochydore, Nick Low
5/50 Alexandra Parade
- 2 bed, 2 bath, 1 vehicle
- Sold under the hammer for $1.21m
- Ray White Maroochydore, Reuben Park
