Re­tirees push up prices

Coastal par­adise Woodgate lead­ing the re­gion for me­dian house val­ues

Isis Town and Country - - News - By LEAH KIDD

REAL ES­TATE in Woodgate is pro­duc­ing the high­est me­dian val­ues in the en­tire Bund­aberg re­gion.

Statis­tics by RP Data show the me­dian value for prop­erty at Woodgate sits just un­der half-a-mil­lion dol­lars.

First Na­tional Real Es­tate Woodgate agent Pa­trick Cock­ing said es­planade prop­er­ties had been the main fo­cus of buy­ers in re­cent times.

“Which is prob­a­bly lead­ing to a fairly high me­dian price,” Mr Cock­ing said.

But he said the majority of in­ter­est in Woodgate was not com­ing from in­vestors but rather re­tirees look­ing to set­tle down in the re­gion, mostly from min­ing ar­eas around the Su­rat Basin.

“The majority of peo­ple now are com­ing west – Chin­chilla and Miles, places like that,” Mr Cock­ing said.

“They’re not nec­es­sar­ily cashed up, but have done rea­son­ably well with the min­ing boom in that par­tic­u­lar area.

“And they’re com­ing to the beach and get­ting what they missed out on for many years.”

Mr Cock­ing said Woodgate missed the feed­back from the Glad­stone boom as peo­ple sold up and bought into Bund­aberg over Woodgate.

“Now we’re get­ting the Su­rat Basin buy­ers com­ing into Woodgate beach – that’s more our fo­cus area at the mo­ment,” he said.

Ray White Woodgate co-owner Dan Hunt agreed and said he was notic­ing a lot of ocean­front sales.

Mr Hunt said Woodgate was sep­a­rated into two ar­eas and said the es­tab­lished, higher priced area had been show­ing the most sales in the past three to four months.

He said Woodgate land and prop­er­ties had al­ways shown higher me­dian prices as it was a small mar­ket with lit­tle room to grow due to its sur­rounds be­ing na­tional parks.

“We can’t build out too much, so it’s al­ways been a se­lect mar­ket­place,” Mr Hunt said.

Mr Cock­ing said the fact all Woodgate prop­er­ties were only a 10-minute walk to the beach also in­creased the prices of houses in the re­gion.

“Ev­ery­thing is stretched along the bay rather than go­ing in­land,” he said.

He said the lack of in­fra­struc­ture in Woodgate also cre­ated a laid­back life­style that was an at­trac­tion for some.

“It is still fairly sim­ple liv­ing here, which is nice. It is the old Noosa. It’s what Noosa was be­fore it be­came the place that it is to­day,” Mr Cock­ing said.


BIG JUMP: Real es­tate agent Pa­trick Cock­ing at 34 Theodo­lite Creek Rd, Woodgate, which is sell­ing for more than $2 mil­lion.

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