Mossman land values sink again
Mega manta ray puts on show for divers on Agincourt
Cassowary 106,000 Cooya Beach 102,000 Craiglie 150,000 Daintree 71,500 Julatten 83,000 Killaloe 104,000 Lwr Daintree 119,500 Miallo 91,000 Mossman 98,000 Mossman Grg 147,000 Mowbray 460,000 Newell 180,000 Oak Beach 670,000 Port Douglas 285,000 Rocky Point 260,000 Wangetti 77,000 Whyanbeel 105,000 Wonga 99,000 -4.9 0.0 0.0 0.0 0.0 0.0 0.0 -10.2 0.0 0.0 -5.6 0.0 0.0 -13.5 0.0 0.0 -5.1 LAND value has dropped in Mossman by 10 per cent, by 13.5 per cent in Rocky Point and around 5 per cent in Cooya, Newell and Wonga Beaches during the past 12 months.
The recent publication of land values by the State Government has shown no change in Port Douglas and the majority of the region from Cape Tribulation to Wangetti.
Raine and Horne Port Douglas principal David Cotton questioned why the whole region has not dropped in land value with the market hitting rock-bottom.
“Why is Port Douglas paying more than other areas in the region and not getting anything more?” he said.
“This is where council collects their rates from and these valuations that have come out directly relate to what council is going to charge in rates.”
Mr Cotton said the reason behind the drop in value for the greater Mossman region is to do with supply and demand, but the market is turning around.
“There’s been a lack of buyers in the area and therefore the rate values have gone down and sale prices have gone down dramatically,” he said.
“Because of the low prices, there has been an increase in activity in sales over the region over the last six to eight weeks.
“Vendors have dropped prices to a point where buyers are starting to realise the value.
“It’s a typical cycle, we’re at the point I believe we’ve gone past rock bottom and there is buyer confidence in market again - the market is starting to move and if this continues we will start seeing the market increase over time again.
“People are starting to buy properties and vendors are happy with sales prices and what is going to happen is the prices will start increasing.
“If you’re thinking about buying, you should be buying now.”
For more information on the land valuations visit www.derm.qld.gov.au/ property/valuations THIS magnificent manta ray was spotted at Agincourt Reef by the crew and tourists onboard a Poseidon tour last Friday.
Poseidon owner Peter Wright said when visiting the reef they often see the smaller manta rays but sightings of this size are quite rare.
“There are plenty of the smaller manta rays to see and they are a very stunning creature to watch but when you get to see one of the big ones that can weigh up to two tonnes that is truly spectacular,” Mr Wright said.
“This one was nowhere near that size but it was big and would have been six metres across.
“And just like whales they are easily recognisable to people who study them or are lucky enough to swim with them each day as they have their own unique markings on their bodies.
“They are completely harmless and though they have a long tale similar to a stingray, manta rays do not have a sting in their tale.”
The manta ray is the largest species of the rays in the family Myliobatidae. The largest known specimen was more than 7.6m across, with a weight of about 2.4 tonnes. It ranges throughout waters of the world, typically around coral reefs.
They have the largest brain-to-body ratio of the sharks, rays and skates, a brain which is kept warm during lengthy dives to as deep as 500m in cold water.
They are often described as “flying” through the water on their large “wings”, and individuals have been observed to jump clear out of the water, possibly in a form of communication or play.
Stretching out: the manta ray glides along Agincourt Reef Photo supplied by OAK BEACH PRODUCTIONS/POSEIDON
How your area fared 2010 2011 values values 106,000 97,000 150,000 71,500 83,000 104,000 119,500 91,000 88,000 147,000 460,000 170,000 670,000 285,000 225,000 77,000 105,000 94,000 Change in value