Bright future for Iluka

Iluka, the most prestigious apartment release to date in Noosa’s $450 million Settler’s Cove development is off to an impressive start, attracting strong interest and healthy pre-sales since construction commenced late last year.Developer Cape Bouvard is hoping to capitalise on this recent enquiry and buyer confidence, which was boosted when a pre-auction re-sale of a penthouse in its award winning Riverlight stage settled late last year for $3.635 million; more than $500,000 above its original sale price.The sale of the Riverlight penthouse shows there is still a market for prestige beachfront apartments in Noosa.