15 Feb 2022
Words Staff Writers The Hotel Conversation

High-end Sunshine Coast resort market riding the perfect wave says ResortBrokers

Demand for upmarket resorts on the Sunshine Coast is going ballistic, with ResortBrokers settling $12.5 million worth of sales in one day alone in February and listing another $12.2 million in one week says ResortBrokers Director Alex Cook.

ResortBrokers Director Alex Cook and Sunshine Coast broker Glenn Millar sold the Management Rights to one of Noosa’s signature beachfront properties - On The Beach Noosa, which includes stunning beachfront and penthouse apartments.

Mr Millar also sold the management rights to the 39-unit Noosa Crest with its private boardwalk to Hastings Street and Noosa Main Beach.

Mr Millar and fellow Sunshine Coast broker Chenoa Daniel sold the Management Rights to Mariners Resort at Caloundra with its 28 units at Kings Beach.

Mr Millar says there is such strong demand for high-end, high-netting properties from both local, interstate and consortiums, that many are selling off-market to ResortBrokers’ vast client list.

“The Sunshine Coast Market has exceeded expectations in recent years with many operators posting record months,” Mr Millar says.

“Because it doesn’t rely so much on international visitors, the Sunshine Coast has always been a strong drive market particularly with cashed-up sea changers looking to start the next chapter of their lives.”

Proving the top end of the Sunshine Coast resort market shows no signs of waning, ResortBrokers has just listed two more Noosa resorts with a combined value of $12.2 million.

“The Sunshine Coast, particularly the ever-popular hotspots such as Noosa, were perhaps the first tourism locations to experience a full recovery from pandemic conditions. Some resorts even saw growth on pre-COVID trading,” ResortBrokers Director Alex Cook says.

“The sale of On the Beach, following the sale of Tingirana last year, demonstrates the incredibly strong buyer demand to secure blue-chip management rights in prime tourism locations.

“Beach-front properties on Hastings Street are extremely tightly held…when they do come to market, vendors are always going to see quick and strong outcomes. This is certainly one of those transactions that represents a win-win for both seller and buyer”.