Luxe Coastal: The Art of Luxe
‘The Art of Luxe’ event featured a range of special guests sharing insights into the property market, interior design, economic growth, and future key trends and opportunities – with a focus on giving back at its core.
The Sunshine Coast is witnessing sustainable growth in property investment, fuelled by having the majority share of regional net migration at 17.5%.
This growth is driven by the region’s appeal as a top destination, particularly among Sydney-siders seeking new horizons.
The recent The Art of Luxe event by Luxe Coastal Property Buyers at The G Contemporary Gallery in Noosa, reinforced this with insightful discussions on property, design and the importance of giving back.
Former cricketer and founder of the McGrath Foundation, Glenn McGrath, opened the event with heartfelt speeches on the charity’s drive to deliver cancer care nurses, with a talk that was both enlightening and impactful and resulted in The G Contemporary owners, Karen and Steve Beardsley, showing their unwavering support by raising over $3,000 through raffle and art sales.
The informative presentations began with Christine Mount, founder of Luxe Coastal Property Buyers, highlighting the significance of off-market transactions, constituting approximately 30% of property deals.
Christine explained the benefits of engaging a Buyer’s Agent and how leveraging 30 years of experience, she ensures clients can access exclusive opportunities to secure properties under favourable terms, and often before they go to market.
Stuart Greensill, Director at Herron Todd White, provided a comprehensive overview of current property market trends, noting that despite recent interest rate hikes, there was still a sense of confidence in the general residential market.
His data showed that construction costs had surged by approximately 125% since 2021, posing challenges for developers but also highlighting the scarcity of new supply.
This limited supply, coupled with buyer demand, has driven the region’s growth, resulting in a 9.8% increase in median house prices over the past year.
Stuart also highlighted the need to be very mindful when quoting median prices as the devil is in the detail, not only to the exact property but also local market nuances.
That’s why you need a good buyers’ agent to guide you through pricing, through very different sub-markets,
even in the same suburb.
Stuart, an industry expert in valuing high-end luxury homes and acreage, observed that the prestige market remained strong, evidenced by seven sales over $10 million in Noosa in 2023.
Stuart added that 127 sales between $4 million and $10 million underscored the continuing demand for luxury homes and, when paired with the infrastructure spending due to the Olympic Games in 2032, he remains optimistic about the region, the market’s stability and growth prospects moving forward.
The conversation moved towards how to maximise property potential through design – a perfect subject for Di Henshall, Founder of Di Henshall Interior Design and a multi-award-winning designer renowned across Australia and the world.
Di said that essential elements, such as colour, texture and space, were pivotal to success, particularly in sub-tropical homes. She illustrated her points with a compelling case study of a Noosa River home, showcasing the transformative impact of strategic design.
Overall, Luxe Coastal Property Buyers’ The Art of Luxe event provided a holistic view of the thriving property market in Noosa and the Sunshine Coast.
Attendees gained invaluable insights into navigating the market, accessing exclusive opportunities, and enhancing property value through design.
Leveraging Christine’s expertise as a Buyers Agent, alongside industry leaders is instrumental for successful property investments in this burgeoning market.
Tune into the Luxe Coastal Property Buyers’ Podcast to find out more about living the Luxe life and stay tuned for the next informative event.
