A Noosa Heads property has sold for $40 million, setting a new Queensland residential property record.
The titles to 32-34 Noosa Parade, Noosa Heads, formally changed hands this week, according to Tom Offermann Real Estate principal Tom Offermann, who negotiated the sale.
The 1,222sqm deep-water holding comprises two adjoining waterfront blocks with two private jetties and a 1980s-vintage residence.
Mr Offermann said the sale was the latest in a series of transactions that had established Noosa among Australia’s most valuable real estate markets.
“It reinforces the confidence buyers have in property of this calibre,” he said.
“They understand the supply side will always be finite, and that it is becoming more tightly held with every passing year.”
The scarcity of adjoining waterfront blocks was a key factor, with Mr Offermann saying there were only four other pairs on the Noosa Sound waterways.
The previous Queensland residential record was $34 million, set in Sunshine Beach in 2021 for a modern beachfront residence on Webb Road.
The previous Noosa Sound record was $30 million in 2024 for a newly built Tim Ditchfield-designed house on Witta Circle, also sold by the Offermann agency.
Another recent sale has further demonstrated demand in the precinct, with 31 Witta Circle selling for $19.2 million this week.
Mr Offermann said the appeal of Noosa’s waterfront was underpinned by limited supply, with tightly held properties and planning restrictions limiting opportunities for additional housing.
“Essentially, someone must move out for someone else to move in,” he said.
He said capital gains on properties in the precinct had averaged 15 per cent a year since the area was released in 1974.
“Noosa is number one in Australia” among regional prestige markets, Mr Offermann said, adding: “There is only one Noosa”.
The buyer of 32-34 Noosa Parade has not been identified and their plans for the property remain confidential.
Noosa Heads was the only regional suburb to feature in Australia’s national top 30 for $5 million-plus sales in the 2026 Prestige Property Report Australia, with 27 transactions recorded in 2025.
