WHAT A VIEW: The view from 47 Seaview Terrace, Sunshine Beach.
WHAT A VIEW: The view from 47 Seaview Terrace, Sunshine Beach.

Lion's share of luxury: $47m in Coast property sales

IT WILL come as little surprise to avid property-price watchers that seven of the top 20 highest-selling properties in the state for 2018 were sold in the greater Sunshine Coast region.

Altogether, almost $50 million worth of luxury Noosa property was snapped up, with the top three sales being stunning Sunshine Beach residences with water views.

The biggest reported sale this year was an absolute beachfront home in the idyllic suburb for $18million.

Leading agent Tom Offermann says Noosa is sustaining its desirability as a place to live and holiday, allowing the area to reach such sales heights.

While those other than savvy businesspeople and celebrities may only dream of such indulgence, these sales have many positive effects for the rest of the Sunshine Coast.

If the high-flyers want to live on the Sunshine Coast, it must be a great place to live, work and play for the rest of us, too.

That also has flow-on effects for tourism and may lead to new business opportunities in accommodation and hospitality and a myriad other industries.

The Daily's property editor Erle Levey says Noosa's top-tier sales reflect the current confidence in the market.

It's all about value for money in any price and what goes around, comes around.

If sellers are happy with their contract prices and buyers are happy to be parting with their money because they see value in that property, it's a win-win for everyone.

Such positivity can only help secure our property market in the near future.