Property

$2m spent each week snapping up Mary Valley land

GETTING WARMER: Mary Valley land sales are hotting up.
GETTING WARMER: Mary Valley land sales are hotting up. Craig Warhurst

ENTHUSIASTIC buyers are spending nearly $2 million a week buying up Mary Valley land, the State Government announced yesterday.

Deputy Premier and Infrastructure Minister Jeff Seeney says sales of land bought up for the failed Traveston Crossing dam project have soared "with a record 48 sales worth $11.67 million taking place in the last six weeks".

He described the number of sales as impressive and said the land was selling "about 50% faster than last year".

"The Mary Valley property market has really gained momentum with 109 sales so far this year," he said.

"It's a long way from the $500 million wasted by Labor on the dam, but it shows this Government has a strong plan for the region's future.

"We hoped to crack a century of sales in the first five months of this year and we achieved this aim. It's an impressive record given last year 98 sales were made over the entire year.

"Our government's Mary Valley revitalisation strategy has provided an affordable opportunity for Queenslanders to enter the housing market, with 48 of the 109 sales made to existing tenants of the properties.

"Purchased property prices have averaged $248,300 per property, with prices ranging from $71,000 for a vacant parcel through to $590,000 for a large rural site.

"There has also been strong interest in eight properties that have been heavily discounted as they are being offered with tenants on long term leases.

"Selling agent Oliver Hume received 15 expressions of interest in the eight properties within two weeks of their release. We're in negotiations to sell five of them."

Gympie Times

Topics:  jeff seeney, market, mary valley, queensland government




Agricultural industries face serious threat: Perrett

Gympie MP Tony Perrett.

Perrett slams government move against property owners

Best Gympie win yet for Murray family at Zinc 96.1 Race Day

WINNERS: Jockey Ian Coombes, Tiverton and trainer Bob Murray after the feature race at the Zinc 96.1 Race Day on Saturday July 23, 2016.

Wrap up of racing action from Gympie race day

‘Amazing’ presence for new shop

Sue Ernst is managing Amaze Products after more than nine years of owing the shop it replaced.

Amaze products has opened a permanent store in Gympie after 7 years

Latest deals and offers

Kim Kardashian West bemused by selfie 'drama'

Kim didn't expect her naked selfie to cause the stir it did

Alicia Vikander hasn't been home since Oscars

Alicia Vikander "hasn't been home" for nearly nine months.

Tom Hiddleston not worried about relationship attention

Attention doesn't bother 'authentic' Hiddleston

Robbie Williams and Ayda Field to expand family?

Robbie Williams and Ayda Field want more children.

Licking incident bars Ariana from performing at White House

Ariana Grande has been blocked from performing at the White House

Taylor Swift's ex throws support behind Kanye West

Calvin Harris shares a sing-along with Kanye West

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

The climb is slow but property on the way up

Michael Matusik, director of Matusik Property Insights.Photo Allan Reinikka / The Morning Bulletin

The improvement would be mild when compared to past cycles