Housing market suits any budget
WOULD you like to live at The Oaks Road at Tannum Sands?
Considered the prime area to live, this is multi-million dollar real estate and so far no other mainland area in the region can match these prices.
Price barriers were broken this year with the last property sold on The Oaks Road settling for $1.625 million.
Another property on The Oaks Road has been listed for auction next month and is expected to be sold for well over the million dollar mark.
Gladstone prices are yet to reach such illustrious levels but there are prime areas all the same.
Beachfront on Barney Point has been described as the area to watch by Peter Corke of PRD Nationwide.
'This will be one of our elite real estate areas in the future,' he said.
Mr Corke believes Gladstone has several areas that would be considered prime real estate.
'The obvious choice is close to the CBD with water views, and of course that would include Radar Hill, Auckland Point and Hill Crescent,' he said.
Peter Richardson from Raine and Horne Gladstone agreed.
'Anything with a commanding seaview would be prime real estate,' he said.
'In fact you would need a depression for the values to drop at Auckland Point and Radar Hill.'
Outside of town the best real estate is along the Calliope River, especially those properties where you can have your private pontoon and have direct access to the ocean.
Peter Corke said some of the properties along the Calliope River had direct access to the sea.
'If you are looking for privacy but need access to the water, then this is the area for you,' he said.
Of course Boyne Island and Tannum Sands are awash with prime real estate if you can get it.
Cheryl Fryer from Elders Tannum Sands believes as well as The Oaks Road, The Esplanade on Boyne River has some of the choicest real estate in town.
Vicki Brown from LJ Hooker Tannum Sands agrees.
'The days of cheap housing in Boyne Tannum are gone,' she said.
But don't despair, there is still value for money opportunities, according to Alex Turner of Buzz Real Estate at Tannum Sands.
He feels the best value for money in the area was at Broadacres.
'Here you can get acreage close to the water, many with ocean views and great privacy.'
Cheryl Fryer from Elders Tannum Sands believes the best value for money are the ex-smelter homes.
'For those people finding it too expensive to build a new home, refurbishing the ex-smelter homes is a more affordable option,' she said.
'And the return can often be greater.'
In Gladstone there are several localities where you can pick up a bargain.
Check out Toolooa and Barney Point.
Raine and Horne's Peter Richardson said if you can find a solid home for under $200,000 snap it up.
'At the moment it is a struggle to find a solid home in that price range but they do come up so it's best to keep your eyes on the real estate pages.'
Mr Richardson said there were several up-and-coming suburbs investors and home buyers need to keep an eye on.
'I call these the second-tier real estate opportunities.
'This type of real estate is the exclusive retreats in suburbs that don't have the commanding ocean views.
'These properties are normally on bigger blocks with homes that reflect the resort style of living.
'The people that buy this type of real estate are after a lifestyle choice rather than the ocean view.'
They prefer their privacy first and foremost,' he said.
The Observer contacted every real estate agency in the Gladstone and Boyne Tannum area to seek their opinions of the market.