Coast sales ride new wave
IT MAY not be a boom, but property on The Discovery Coast is defying state trends and moving again - as a direct result of the activity in the Gladstone region.
New families moving into the area, plus those being pushed out of Gladstone city are creating demand for sales and rentals.
PRD 1770 principal Tim Lawry said things were once again on the move in the southern parts of the booming Gladstone region.
"Sales volumes for the (financial) year just gone are definitely up on last year," he said.
"It is probably the best we've seen in Agnes since about 2004-2005."
And with most of the cheaper houses and land gone, buyers and those who wished to build were now looking in the higher brackets as prices started to head north once again.
"The cheaper blocks of land are just about all gone and demand is rising, which is a good sign," Mr Lawry said.
"And there is a fair bit of building activity going on as well, with 20 to 25 houses at various stages of construction at the moment - and that's just in town.
"I'd say about 80% of sales and inquiries are coming from within the region - within a three-hour radius of Agnes Water/Seventeen Seventy."
While most of the activity has been in the lower to mid-price ranges, there too has been some movement in the top end with investors coming back into the market.
The Red Rock development south of Agnes Water has recently sold and there have been several sales in the Sunrise estate.
Mr Lawry said he was hopeful the unfinished Lagoons project would be sold within a month or two with a couple of interested parties currently negotiating with the receivers.
