SOLD ON MACKAY

Daily Mercury - - FRONT PAGE - Me­lanie Plane Me­lanie.Plane@dai­ly­mer­cury.com.au

WITH A price tag of $1.25 mil­lion for a four bed­room, three bath­room home, you would ex­pect noth­ing but the best – and 41 Port­side Place does not dis­ap­point.

The lux­ury Shoal Point prop­erty has just hit the mar­ket, with agents throw­ing around the terms ‘ex­ec­u­tive’, ‘award win­ning’ and ‘wow fac­tor’ to try to give an ad­e­quate de­scrip­tion of the stun­ning home.

Lo­cated at The Shoals, the two-storey fam­ily home boasts three queen-size bed­rooms and a bath­room/pow­der room on the lower level, along with a lounge and bar area that opens out to the in-ground so­lar heated pool with spa, swim jets and wa­ter spout as well as a third bath­room.

Up­stairs fea­tures an open plan liv­ing space lead­ing to an ex­ten­sive deck, an en­ter­tainer’s kitchen and a true master suite with dou­ble shower, walk in robe and ocean views.

The 700sq m Port­side Place prop­erty is just one of dozens of new prop­er­ties to en­ter the mar­ket as Mackay real es­tate ac­tiv­ity seem­ingly ramps up.

Ac­cord­ing to REIQ, Mackay’s lat­est quar­terly re­sult showed the me­dian house price for res­i­den­tial prop­erty below 2400sq m had grown by more than 7%.

This find­ing, paired with Herron Todd White’s Septem­ber re­view for the re­gion, which found ac­tiv­ity had in­creased within the sub­urbs that have the av­er­age back­yard, paints a promis­ing pic­ture for agents mov­ing for­ward.

The lat­est HTW re­sults in­di­cate Mackay’s hous­ing mar­ket has reached the ‘bot­tom of the mar­ket’ on the prop­erty clock mean­ing the only way from here is up.

REIQ say while it is too soon to de­clare the mar­ket is in ‘re­cov­ery mood’, the re­cent sales ac­tiv­ity and growth is in in­di­ca­tion the green shoots of re­cov­ery are not far away.

— The Daily Mer­cury’s Sold On fea­ture in to­day’s edi­tion pro­vides an in-depth look at how the wider Mackay re­gion is shap­ing up in terms of prop­erty. Turn to pages 27-33 to hear from lo­cal real es­tate ex­perts and find out what’s fore­cast for Mackay’s prop­erty mar­ket.

PHOTO: CON­TRIB­UTED

FOR SALE: 41 Port­side Place at Shoal Point has just been listed for $1.25 mil­lion.

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