Seafront land still pop­u­lar

Townsville Bulletin - - Investor -

CY­CLONE Yasi and its af­ter­math has failed to dampen the con­fi­dence of buy­ers look­ing for sea front land.

PRD­na­tion­wide Townsville di­rec­tor Paul Bow said the agency had sold three blocks of land for al­most $ 2 mil­lion in the past few weeks, two of them prom­i­nent seafront sides.

He said a beach­front site on the Es­planade at Pic­nic Bay was sold to a Mel­bourne buyer for just un­der $ 500,000, while a water­front site on The Strand was un­der con­tract for just un­der $ 1 mil­lion. A 13,000sq m par­cel at Mount Louisa had sold for just un­der $ 480,000.

‘‘ I think what we are see­ing is the top end of the land mar­ket start­ing to come back to life. I think con­sumer con­fi­dence is com­ing back.’’

Paul Bow

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.