Moss­man land val­ues sink again

Mega manta ray puts on show for divers on Agin­court

Port Douglas & Mossman Gazette - - NEWS - AN­GELIQUE PAT­TER­SON

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 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


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