Ray White PD en­joys cur­rent mar­ket

Port Douglas & Mossman Gazette - - FRONT PAGE -

RAY White Port Dou­glas li­censee Mark Flinn says he is­sued seven con­tracts in the town in the past week, rang­ing from a $75,000 block of land to a $1 mil­lion apart­ment.

‘‘It’s been a tough five years but the ev­i­dence is in front of us,’’ Mr Flinn said.

‘‘We are run­ning out of stock and this is the best mar­ket it has been in 11 years.

‘‘ Ev­ery­one is start­ing to re­alise prices are go­ing up again.’’

Mr Flinn said he thought the mar­ket prob­a­bly bot­tomed about six months ago. ‘‘We started to see mul­ti­ple of­fers on prop­er­ties and some­times buy­ers miss­ing out and get­ting up­set.’’

In Port Dou­glas, stock lev­els for free­stand­ing houses be­low $400,000 are low to non-ex­is­tent, es­tab­lish­ing now a new base price in the town. As well, he said, there seems to be a short­age of well-sited land for sale.

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