Southern staters have long migrated north to Queensland and the pandemic increased that. But not all stay – and leaving can be profitable.
A three-bedroom brick house with swimming pool at 18 Sternlight Street, Noosaville, Queensland. Sold at auction for $1.825 million.The three-bedroom brick house with swimming pool at 18 Sternlight Street in Queensland’s Noosaville sold at auction for $1.825 million.Because they were running out of properties. You have a finite number of residences in Noosa. You don’t get new releases of land.My original idea was to look for about $1.
I do find the traffic here to be painstaking. It gets crowded in Noosa, too – there are only two roads. Everyone wants to drive when they get up there. Despite wanting to leave the resort town that he said could be “boring”, the vendor regretted not being able to enjoy the renovations he made on the three-bedroom house.
But now the floodgates are open and they’re able to move about, I see a stronger interstate presence moving north. I believe it’s probably at least half-and-half now.I had a four-bedroom townhouse in East Bentleigh. I made probably close to 50 per cent [when I sold to move to Noosa]. And I made close to 100 per cent [when I sold] in Noosa. I bought back in Bentleigh for $1 million.
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