Settle down in Noosa
ON the back of a solid year of sales, Cape Bouvard’s luxury Settler’s Cove development is surging forward in 2010. Two luxury apartments in the exclusive Riverlight stage recently sold for a combined total of $3.5 million.
The $450 million development is set in resort-style grounds with facilities including a 25-metre heated lap pool, separate lagoon pool, two heated outdoor spas, fullyequipped gymnasium and barbecue and bar areas.
Cape Bouvard’s development manager Gary Godfrey said the figures highlighted an impressive calendar year and steady start to 2010 for the development.
“Despite the difficulties of 2009, those now-complete sales demonstrate the fact Settler’s Cove is the only large scale development offering luxury residents-only living within close proximity to Hastings Street,” he said.
He said the market consolidation period of early 2009 has made way for heightened sales activity in Noosa Heads.
“The market correction phase has ended and buyers are becoming increasingly wary that whilst demand is still strong, the ongoing supply of spacious high quality apartments is limited, which will soon place upward pressure on prices,” Mr Godfrey said.
“There’s no doubt that volumes in the region as a whole were down, but the reality is that Noosa Heads held its weight, with fewer distress sales taking place in the upper market than many analysts expected.”
Upon completion the development will ultimately boast a mix of 132 luxury apartments and eight exclusive villas, 33 homesites, as well as a proposed four-star resort.