A Noosa Heads property has sold for $40 million, setting a new Queensland residential property record.
The titles to 32-34 Noosa Parade, Noosa Heads, formally changed hands this week.
The 1,222sqm deep-water holding comprises two adjoining waterfront blocks with two private jetties and a 1980s-vintage residence.
The scarcity of adjoining waterfront blocks was a key factor and the previous Queensland residential record was $34 million, set in Sunshine Beach in 2021 for a modern beachfront residence on Webb Road.
The previous Noosa Sound record was $30 million in 2024 for a newly built Tim Ditchfield-designed house on Witta Circle.
Another recent sale has further demonstrated demand in the precinct, with 31 Witta Circle selling for $19.2 million this week.
Noosa’s waterfront property prices are underpinned by limited supply, with tightly held properties and planning restrictions limiting opportunities for additional housing.
The buyer of 32-34 Noosa Parade has not been identified and their plans for the property remain confidential.
Noosa Heads was the only regional suburb to feature in Australia’s national top 30 for $5 million-plus sales in the 2026 Prestige Property Report Australia, with 27 transactions recorded in 2025.
