Agnes residents choose buying over renting

By REN LANZONnewsroom@gladstoneobserver.com.au

THE Jamesons, who have just taken over the Agnes Water seafood shop, believe other new arrivals will find it as hard to find a place to rent as they did.

John and Julie-anne Jameson moved to Agnes Water just two weeks ago and have experienced the lack of suitable accommodation for themselves.

Fortunately, they have found a place to call home and are happy to settle into the Agnes Water way of life.

'Nobody wants to rent because they have been doing so well out of the holidaymakers and soon they will be able to make more when the construction workers force rentals even higher,' Mr Jameson said.

Three major projects are expected to come under construction this year.

Foundation work has already begun on Grant Kenny's CKG Properties Pavillions on 1770.

A resort shopping precinct is also under way by developer Dan Murphy and within the next few months the giant 114apartment Mijo project will also be under construction.

Miriam Vale chief executive officer Greg Powell says lack of accommodation was likely to become a big problem.

He is hoping the companies themselves would provide the solutions by setting up camps for construction workers.

However George Pappas is not concerned.

'I saw this happen in Forster-Tuncurry ? the growth will be good for Agnes Water and bring a lot of jobs,' he said.

'As far as accommodation goes, things will happen and people will find places to stay ? this is a time to take opportunities.'

PRD Agnes Water has already experienced hikes as rental property lists shorten.

Sales representative Dave Culpin says investors were buying building blocks or established homes to meet the expected rental opportunities.



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