Mary sales attract post-dam investor confidence
BOOMING interest in Mary Valley property has attracted national investor attention, after last weekend's successful auctions of 10 properties, which had been acquired by the previous state government for the abandoned Traveston dam project.
The real estate industry internet site, propertyobserver.com.au, reported the sales were a positive sign of a region recovering from the politically created disaster of the dam project, which was eventually scuttled by then federal environment minister Peter Garrett.
The website's Queensland rural property writer Alistair Walsh speculated that the success of the sales "could signal a revival of the property market in the Mary Valley."
Grazing properties went for prices ranging from $310,000 to $840,000.
Agents involved in the sales were quoted as saying the result was "a good indication" of buyer confidence.