Noosa house price record smashed in off-market deal of $27 million

A waterfront property at Noosa Heads has sold for $27 million, breaking the suburb record in an off-market deal.

The purchase by Campbell and Pamela McLaren, of the Jalna yoghurt family based in Victoria, bought the resort-style four-bedroom house at Noosa Parade in July. It has just settled.

The pair fell for the property after renting the luxury executive rental, which costs about $1800 a night, for a holiday.

The deal, secured by Richardson & Wrench Noosa Principal Gillian McCauley, began when the McLarens walked into her Hastings Street office to enquire about purchasing a holiday home.

Despite the two-level home not being for sale, the couple eventually made an offer more than quadruple the price paid by its current owner, a UK-based expat, who paid $5.9 million in 2015, records show.

It comes just months after Jalna Dairy Foods was sold to French multinational dairy producer Lactalis.

The home, which can sleep up to eight people, has three car spaces as well as river access and a private jetty.

The price is a far cry from the $2,212,500 median house price in Noosa Heads, which jumped 41.4 per cent in the year to September on Domain data.

But the contemporary, almost all-white home is in a league of its own as it is positioned on the highly coveted Noosa Parade with private access to the canal and beyond.

The $27 million sale breaks the previous record by $7 million achieved in 2020 for another off-market transaction in nearby Mossman Court.

That property was snapped up by Gina Rinehart’s senior executive at her mining company Hancock Prospecting.

Hancock’s general manager of business development, Dan Wade, whose home is a $1.6 million house in Perth, bought a $20 million house on Noosa Waters after a protracted two-year settlement with no finance required.

Wade signed his name to the title of the waterfront residence in August 2020 just a few weeks before he exchanged on another waterfront house a few doors away for $10.91 million, again with no loan attached.

Wade is a keen follower of his boss’ taste in real estate. His other Queensland property interest is a riverfront house in Brisbane’s Hawthorne bought for $9.9 million just two doors away from Rinehart’s Brisbane trophy home.

Rinehart’s appetite for the Noosa area is fast becoming the stuff of legend given the $76 million worth of property interests at nearby Sunshine Beach.