Vacant land & acreages
The 109-acre property in Noosa’s “Golden Triangle” area was a rare gem that had been family-owned for over 50 years. The cleared undulating land known as “Rainbow Springs” offered sensational views and lush pastures, making it a highly sought-after location by various buyers both local and international. It was essentially unheard of for many decades to find 100-plus acres so close to Noosa which had been cleared for grazing before the Noosa Council’s clearing restrictions had come to pass. The natural springs that flowed from Cooroy Mountain and fed into Lake Macdonald further enhanced the desirability of the rural landscape.
After being marketed on and off for around 6 years, this premium property finally found its rightful owners - Enter Canadian ex-pats who had this property on their radar for quite a while. They were so smitten with the property that they applied for Australian citizenship to secure this property and raise their lovely young family here. While other potential buyers preferred to watch and wait, they stepped up to the plate and took the prize.
In fact, in the early nineties when the original owners were still alive, the Australian rock band Midnight Oil offered an undisclosed amount (off-market) which was rejected by the family at that time. As time marched on and the market improved, the decision was made to re-submit this property to the market. And boy, did it make waves! The property was fiercely pursued by various buyers both local and international, and the auction process attracted a wide range of active buyers, while there was no result on auction day, the property was secured sometime after.
Finally, after much anticipation, this rare offering was sold by Paul Bielby for $5 million – believed to be a record price for over 100 acres of vacant rural grazing land in Queensland! That works out to roughly $45,800 per acre. The property did not have the potential to be subdivided as it was within the Noosa water catchment area.
We applaud the new owner's wise decision to purchase and wish them every happiness there and can’t wait to see what they will create with this once-in-a-lifetime opportunity.