Infinity units for sale in Noosa's limited new development market

Noosa's newest apartment project to hit the market is Infinity.

Infinity is a boutique three level block with just the three apartments, located on Gympie Terrace 100 metres from the Noosa Boathouse Restaurant.

They are being marketed as house-sized, penthouse-style offerings by Tom Offermann Real Estate agent Nic Hunter.

The three apartments each span a whole floor which open to a full-width terrace complete with their own private glass walled pool.

They have three bedrooms and three bathrooms and full-height glass windows and doors to take advantage of the water views.

Infinity was designed by Chris Clout with floor plates ranging in size from 368 square metres to 445 square metres.

"The floor plan was designed to direct the eye out to the spectacular wide views of the Noosa River and beyond," Clout said.

He said privacy is retained by directing the focus to the core of the apartment and outward to the north.

"The design from north to south as well as the ability to completely open-up the centre section, gives exemplary natural cross ventilation," Clout added.

"The northerly orientation and tall ceilings allow drenching of natural light, whilst large eaves especially over the wrap-around terraces, provide protection during the hotter months." 

Hunter is asking $4.5 million for each of the apartments. Included in the complex is a gym and sauna.

Hunter says the location of the development is just as good as the product.

"It has the dress circle address of Gympie Terrace which runs parallel to the dog-friendly Noosa River foreshore and gazebo-dotted park, is steps away to some of Noosa's best cafes, restaurants also boutiques; and 10 minutes away is Noosa Heads' famous Hastings Street and the Noosa National Park."

Down the road on Gympie Terrace, Century 21 Noosaville agent Sam Walker and David Conolly are marketing the final apartment in Kalani, another boutique three bedroom development facing the water.

He secured sales of the penthouse apartment, as well as the ground floor.

He is asking $3.5 million for the sub-penthouse in the block which is slated for completion next month.

Designed by Stephen Kidd, each of the whole floor apartments have three ensuited bedrooms and a separate media room and home office.

New developments in Noosa have been in short supply since the building boom of the 1980s and 1990s.

One of the earliest developments in Noosa was Fairshore on Hastings Street. The 27 two bedroom units were sold for around $70,000 in 1976. 

Today the 90 square metre apartments sell for over $3 million as Hastings Street has developed into Noosa's bustling premium tourist strip.

Apartment development was in full swing into the 1980s and 1990s.

Around 50% of Noosa's units were built in the decade after the 1982 Building Units and Group Titles act passed parliament.

Tom Offermann said it prompted a building boom.

"I recall lawyers waiting rooms being packed in the 1980s," he said.

Some of the most notable blocks built around that era were built on the riverfront Quamby Place.

The A.V. Jennings Culgoa Point development of 65 units were selling for around $60,000. One of its apartment has recently broken through the $1 million barrier.

Next door Noosa Harbour Resort was being built by Devine Erby Mazlin, a 69 unit complex and across the road Sun Lagoon's 30 unit development followed soon after.

Offermann says he remembers selling a three bedroom beachfront in La Mer which was developed by a South Australian developer for $225,000.

He suggests today a buyer would have no change out of $7 million.

Noosa's planning laws have aimed to keep the village as a charming beachside tourist spot.

There would be no high-rise buildings, as well as no traffic lights and billboards.

The apartment complexes are limited to two to four storeys.