100% Locally Owned, Independent and Free

100% Locally Owned, Independent and Free

Auction action: how baby boomers are leading the charge to buy luxury beachside apartments

Do you have a news tip? Click here to send to our news team.

Berms, seawalls and more considered for beach suburbs

Sunshine Coast Council is examining the potential for revetment walls, landscaped berms, seawalls and raised open spaces and roads for four coastal communities. Investigations are More

Restaurant workers allegedly underpaid

The Fair Work Ombudsman has started legal action alleging workers in a restaurant chain  in Sydney, Brisbane and the Sunshine Coast were underpaid almost More

‘Phenomenal’ property combines acreage and town living

An “immaculate” property nestled on a sprawling block close to town is being hailed as a “phenomenal one-off”. Offered for sale for the first time, More

Photo of the day: sunset silhouette

Angel Cooke, 11, took this photo of her brother, RJ, 5, on her father's iPhone 14 Pro Max as the sun was setting. If you More

B2B: How to avoid the ‘bank loyalty tax’

For most of us, it’s been a while since we reviewed our home loan. Our financial position, including our borrowing capacity, has likely changed. A More

‘Very proud’: whisky and steak bar owners announce closure

A restaurant known for its large selection of whisky and chargrilled meats and seafood will close its doors after nearly a decade. The vision of More

While property prices continue to fall nationwide, interest in beachside apartments remains sky high.

A multi-level penthouse atop Osprey Apartments Mooloolaba drew bids of well over $2m during a weekend auction.

It was passed in, before it attracted even more post-auction attention.

Sales agent/principal at McGrath Buderim and Mooloolaba Damien Michael said prospective buyers could be paying significantly more.

“Were looking at interest with a three in it, and we’ve already got some private inspections for the week ahead,” he said.

The three-bedroom, two bathroom, two-car-spaces penthouse, at 58/1-3 Buderim Avenue, boasts panoramic views of the Pacific Ocean to the east and the Glass House Mountains to the west.

It’s about 100m from the water’s edge and is central to retail, restaurants and services.

Property prices have fallen recently, but are still above pre-COVID levels.

Mr Michael said beachside apartments were still attracting top dollar.

The rooftop spa at the penthouse.

“I haven’t seen that market go back yet and we’re pretty confident that the high-end market along the eastern seaboard might hold,” he said.

He said the penthouse at Osprey, and ones like it, were particularly appealing to prospective buyers.

“It’s nice and high and it’s at Mooloolaba, so you’ve got the beach position, with big ocean views,” he said.

“Mooloolaba is a north-facing cove like Byron and Noosa, which is why they are such popular locations.

“And this one is next to Alex (Headland) so you have the best of both worlds.”

But it was the ample space that made a difference.

“A lot of the high-rises along the front (at Mooloolaba) were built in the 1980s and 1990s, when quite a lot of apartments were a lot more generous in size,” he said.

“A lot of the baby boomers who are downsizing want lifestyle-sized apartments.

The unique area on the rooftop of the penthouse.

“The new products don’t offer that so they fall back to a lot of the floor plans that were built in the ’80s and ’90s.

“Osprey is one of those and this (penthouse) offers just over 300sqm of living.

“The downsizers often have grandkids too, so when they move out of their large home and downsize they want to be able to accommodate the whole family.”

Selection of auction results

49/62-66 Sixth Avenue, Maroochydore

  • Sold for $1.27m.
  • 2 Bed, 2 Bath, 2 Car.
  • Ray White, Reuben Park.

1/33 Baden Powell Street, Maroochydore 

  • Sold under the hammer for $505,000.
  • 2 Bed, 1 Bath, 1 Car.
  • Define Property, Ross Cattle.

1 Moya Street, Battery Hill.

  • Sold prior to auction for $900,000.
  • 3 Bed, 2 Bath, 2 Car.
  • Ray White, Julie Shirvington.

43 Columbia Street, Sippy Downs 

  • Sold for $700,000.
  • 4 Bed, 2 Bath, 2 Car.
  • Ray White, James Goldsworthy/Brett Hughes.

8 Crenshaw Place, Peregian Springs

  • Sold for $1.1m.
  • 4 Bed, 2 Bath, 2 Car.
  • Ray White, Dan McNamara.

4 Bell Street, Dicky Beach

  • Sold under the hammer for $1.82m.
  • 4 Bed, 2 Bath, 3 Car.
  • Ray White, Andrew Garland/Marcus Lane.

16/39 Canberra Terrace, Kings Beach

  • Sold under the hammer for $859,000.
  • 2 Bed, 2 Bath, 2 Car.
  • Ray White, Carola Drexel and Natascha Drexel-Munro.

Do you have an opinion to share? Submit a Letter to the Editor with your name and suburb at Sunshine Coast News via: news@sunshinecoastnews.com.au

 

 

 

Subscribe to SCN’s free daily news email

Hidden
This field is for validation purposes and should be left unchanged.
[scn_go_back_button] Return Home
Share