Blog

June 20, 2017

Noosa Investments Trending Higher

 

Commercial property in Hastings Street is attracting new interest

 

Commercial property sales in Hastings Street, Noosa Heads have strengthened of late as a new generation of Eastern Buyers and converts, fall in love with the region and all it must offer, recent Commercial sales indicate the area is set to outperform over the next 3 to 5 years.

Commercial sales in 2017 in Hastings Street and Noosa Junction highlight the confidence in the market and the local economy which has investors jostling to get into Noosa’s exclusive property ownership ranks.  

There are still opportunities for smaller investors to enter the market, with properties currently up for sale through Forde Property in retail and entertainment in the heart of Noosa, which will positively bounce of larger sales.

Sheraton Noosa sale for $108 million and Seahaven Resort for $38 million, showing a major interest and investment in the area is strongly supported on the back of growing tourism figures and increase tourist spending.

Hastings Street is the centre for all things retail, accommodation and entertainment, not to mention the spectacular Laguna Bay the world-famous North Facing beach that is the soul of Noosa. The attraction that Hastings Street offers has seen a recent 31% jump in domestic visitor spending and with more large investment pouring into the region, the trend looks certain to continue over the next 5 years

The Sunshine Coast enjoys one of the lowest vacancy rates in Queensland Commercial improving further from 2016 figures with the average rental along Hastings Street ranging between $1750 m2 to 5,000 per square metre. 

If you have a serious interest in acquiring a Hasting street Freehold OR Noosa Property please contact Tom Forde of Forde Property for a no obligation chat today