Price of Land at Noosa Estate Dropped

RESIDENTIAL land blocks at a Noosa estate have been reduced, two years after the project was placed in receivership.

Blocks within the Beach Road estate at the $200 million Noosa North Shore project started at $1.4 million but have been reduced to $810,000.

The agent, Tom Offermann of Tom Offermann Real Estate said the revised price is expected to attract a different demographic to the area. It’s expected the move will generate another $20 million in sales for receives of the Petrac Group, Ferrier Hodgson.

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