Property

Above list-price offers for Mary Valley properties

THE Queensland Government released 15 new rural and residential Mary Valley properties last week.

Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney said strong buyer enthusiasm had seen properties attract average offers of more than 15% above their listed price.

"Our government's strong plan to get the Mary Valley back on track and provide better planning has resulted in more than 270 of the 480 properties acquired by Labor for the failed Traveston Dam project being sold," Mr Seeney said.

"The Mary Valley divestment program is expected to be completed by the end of the year and current buyers'offers suggest there is a growing urgency in the market to make the most of this great opportunity.

"To underscore just how competitive the market is, last month's release attracted more than 500 enquiries, 67 formal expressions of interest, and all properties, except for one, are now under contract.

"I'm pleased to see the Mary Valley again being called home by residents and businesses that have seized this opportunity."

Principal selling agent Oliver Hume's latest sales figures show more than 75 per cent of properties are selling within 30 days of going to market.

In the six months to 31 July, settled sales in the Mary Valley were at 132. This is more than double the sales from the previous six months.

"The current release includes a mix of lifestyle properties, country homes and hobby farms, with 5 of the 15 properties currently vacant and ready to move into," Mr Hume said.

"The remaining 10 properties have long-term leases in place and have been valued accordingly for potential investors."

Gympie Times

Topics:  mary valley properties real estate



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